v3.26.1
Segment Reporting
 6 Months Ended
Jun. 28, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The following is a summary of reportable segments:
REPORTABLE SEGMENTCONCEPTGEOGRAPHIC LOCATION
U.S. (1)Outback SteakhouseUnited States of America
Carrabba’s Italian Grill
Bonefish Grill
Fleming’s Prime Steakhouse & Wine Bar
International FranchiseOutback Steakhouse
12 Franchise Markets
Carrabba’s Italian Grill (Abbraccio)
_________________
(1)Includes franchise locations.

All other operating segments, which comprise the Company’s Hong Kong subsidiary and equity method investment in Brazil, do not meet the quantitative thresholds for determining reportable segments.

Segment accounting policies are the same as those described in Note 1 - Summary of Significant Accounting Policies in the Company’s Annual Report on Form 10-K for the year ended December 28, 2025. Revenues for all segments include transactions with customers and royalties from franchisees. There were no material transactions among reportable segments. Excluded from Income from operations for U.S. are certain legal and corporate costs not directly related to the performance of the segment, most stock-based compensation expenses, a portion of insurance expenses and certain bonus expenses.
Operating income is utilized by the Company’s Chief Operating Decision Maker (“CODM”) as the primary segment profit or loss measure to allocate resources in the planning and forecasting process and also to review operating performance by monitoring actual results versus prior year and forecasts.
The following table is a summary of revenues by segment for the periods indicated:
THIRTEEN WEEKS ENDEDTWENTY-SIX WEEKS ENDED
(dollars in thousands)JUNE 28, 2026JUNE 29, 2025JUNE 28, 2026JUNE 29, 2025
Revenues
U.S.$998,632 $985,828 $2,041,085 $2,016,731 
International Franchise7,593 7,051 15,163 16,334 
Total segment revenues1,006,225 992,879 2,056,248 2,033,065 
All other9,584 9,487 19,234 18,895 
Total revenues$1,015,809 $1,002,366 $2,075,482 $2,051,960 
The following table presents segment operating income and significant segment expense information for the periods indicated:
THIRTEEN WEEKS ENDEDTWENTY-SIX WEEKS ENDED
(dollars in thousands)JUNE 28, 2026JUNE 29, 2025JUNE 28, 2026JUNE 29, 2025
U.S.
Total revenues$998,632 $985,828 $2,041,085 $2,016,731 
Less:
Food and beverage303,392 295,414 617,767 605,726 
Labor and other related307,543 307,652 621,835 620,357 
Other restaurant operating249,522 247,446 502,891 501,055 
Other expenses (1)70,576 66,855 142,977 133,462 
Total segment expenses931,033 917,367 1,885,470 1,860,600 
Income from operations$67,599 $68,461 $155,615 $156,131 
International Franchise
Total revenues (2)
$7,593 $7,051 $15,163 $16,334 
Less:
Total segment expenses (1)184 213 418 492 
Income from operations
$7,409 $6,838 $14,745 $15,842 
Total segment
Total revenues$1,006,225 $992,879 $2,056,248 $2,033,065 
Less:
Total segment expenses931,217 917,580 1,885,888 1,861,092 
Total segment income from operations
$75,008 $75,299 $170,360 $171,973 
_________________
(1)Includes Depreciation and amortization and General and administrative expense. The U.S. segment also includes Provision for impaired assets and restaurant closings.
(2)The twenty-six weeks ended June 29, 2025 includes one month of pre-Brazil Sale Transaction intercompany royalties.
The following table is a reconciliation of segment income from operations to Income before benefit for income taxes for the periods indicated:
THIRTEEN WEEKS ENDEDTWENTY-SIX WEEKS ENDED
(dollars in thousands)JUNE 28, 2026JUNE 29, 2025JUNE 28, 2026JUNE 29, 2025
Total segment income from operations$75,008 $75,299 $170,360 $171,973 
Unallocated corporate operating expense(37,385)(46,422)(74,113)(86,190)
All other640 773 1,119 1,098 
Total income from operations38,263 29,650 97,366 86,881 
Interest expense, net(11,141)(10,699)(23,553)(21,886)
Income before benefit for income taxes$27,122 $18,951 $73,813 $64,995 
The following table is a summary of depreciation and amortization by segment for the periods indicated:
THIRTEEN WEEKS ENDEDTWENTY-SIX WEEKS ENDED
(dollars in thousands)JUNE 28, 2026JUNE 29, 2025JUNE 28, 2026JUNE 29, 2025
Depreciation and amortization
U.S.$43,774 $42,145 $87,808 $83,758 
Corporate2,175 2,205 4,276 4,289 
All other61 248 222 498 
Total depreciation and amortization$46,010 $44,598 $92,306 $88,545 

The following table is a summary of capital expenditures by segment, for the periods indicated:
TWENTY-SIX WEEKS ENDED
(dollars in thousands)JUNE 28, 2026JUNE 29, 2025
Capital expenditures
U.S.$67,206 $76,906 
Corporate1,904 7,380 
All other77 11 
Total capital expenditures$69,187 $84,297 
The following table sets forth Total assets by segment as of the periods indicated:
(dollars in thousands)JUNE 28, 2026DECEMBER 28, 2025
Assets
U.S.$2,509,708 $2,598,842 
International Franchise104,739 105,237 
Total segment assets2,614,447 2,704,079 
Corporate416,816 387,573 
All other86,792 80,255 
Total assets$3,118,055 $3,171,907