v3.26.3
Segment Reporting
 9 Months Ended
Sep. 27, 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)
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(1)Includes franchise locations.

All other operating segments, which are primarily comprised of 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. Revenue for the U.S. reportable segment includes transactions with customers. Revenues for both reportable segments include 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.

The Company’s Chief Executive Officer serves as the Chief Operating Decision Maker (“CODM”). Operating income is utilized by the 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 ENDEDTHIRTY-NINE WEEKS ENDED
(dollars in thousands)SEPTEMBER 27, 2026SEPTEMBER 28, 2025SEPTEMBER 27, 2026SEPTEMBER 28, 2025
Revenues
U.S.$926,690 $912,276 $2,967,775 $2,929,007 
International Franchise7,842 7,146 23,005 23,480 
Total segment revenues934,532 919,422 2,990,780 2,952,487 
All other9,813 9,391 29,047 28,286 
Total revenues$944,345 $928,813 $3,019,827 $2,980,773 
The following table presents segment operating income and significant segment expense information for the periods indicated:
THIRTEEN WEEKS ENDEDTHIRTY-NINE WEEKS ENDED
(dollars in thousands)SEPTEMBER 27, 2026SEPTEMBER 28, 2025SEPTEMBER 27, 2026SEPTEMBER 28, 2025
U.S.
Total revenues$926,690 $912,276 $2,967,775 $2,929,007 
Less:
Food and beverage275,230 272,177 892,997 877,903 
Labor and other related291,295 295,421 913,130 915,778 
Other restaurant operating248,772 245,680 751,663 746,735 
Other expenses (1)64,185 97,397 207,162 230,859 
Total segment expenses879,482 910,675 2,764,952 2,771,275 
Income from operations$47,208 $1,601 $202,823 $157,732 
International Franchise
Total revenues$7,842 $7,146 $23,005 $23,480 
Less:
Total segment expenses (1)196 148 614 640 
Income from operations
$7,646 $6,998 $22,391 $22,840 
Total segment
Total revenues$934,532 $919,422 $2,990,780 $2,952,487 
Less:
Total segment expenses879,678 910,823 2,765,566 2,771,915 
Total segment income from operations
$54,854 $8,599 $225,214 $180,572 
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(1)Includes Depreciation and amortization and General and administrative expense. The U.S. segment also includes Impairments, closures and disposal of assets.
The following table is a reconciliation of segment income from operations to Income (loss) before income tax for the periods indicated:
THIRTEEN WEEKS ENDEDTHIRTY-NINE WEEKS ENDED
(dollars in thousands)SEPTEMBER 27, 2026SEPTEMBER 28, 2025SEPTEMBER 27, 2026SEPTEMBER 28, 2025
Total segment income from operations$54,854 $8,599 $225,214 $180,572 
Unallocated corporate operating expense(36,929)(45,245)(111,042)(131,435)
All other659 226 1,778 1,324 
Total income (loss) from operations18,584 (36,420)115,950 50,461 
Interest expense, net(11,523)(11,112)(35,076)(32,998)
Income (loss) before income tax$7,061 $(47,532)$80,874 $17,463 
The following table is a summary of depreciation and amortization by segment for the periods indicated:
THIRTEEN WEEKS ENDEDTHIRTY-NINE WEEKS ENDED
(dollars in thousands)SEPTEMBER 27, 2026SEPTEMBER 28, 2025SEPTEMBER 27, 2026SEPTEMBER 28, 2025
Depreciation and amortization
U.S.$41,548 $42,403 $129,356 $126,161 
Corporate2,253 2,324 6,529 6,613 
All other113 220 335 718 
Total depreciation and amortization$43,914 $44,947 $136,220 $133,492 

The following table is a summary of capital expenditures by segment, for the periods indicated:
THIRTY-NINE WEEKS ENDED
(dollars in thousands)SEPTEMBER 27, 2026SEPTEMBER 28, 2025
Capital expenditures
U.S.$111,406 $115,415 
Corporate3,650 9,025 
All other123 11 
Total capital expenditures$115,179 $124,451 
The following table sets forth Total assets by segment as of the periods indicated:
(dollars in thousands)SEPTEMBER 27, 2026DECEMBER 28, 2025
Assets
U.S.$2,507,210 $2,598,842 
International Franchise104,867 105,237 
Total segment assets2,612,077 2,704,079 
Corporate437,448 387,573 
All other81,718 80,255 
Total assets$3,131,243 $3,171,907