XML 42 R27.htm IDEA: XBRL DOCUMENT
v3.25.2

Revenue Recognition (Tables) | 6 Months Ended
--- | ---
Jun. 29, 2025
Revenue Recognition and Deferred Revenue [Abstract] |
Disaggregation of revenue | The following tables include the disaggregation of Restaurant sales and franchise revenues by restaurant concept and segment for the periods indicated:
| THIRTEEN WEEKS ENDED
| JUNE 29, 2025 |  | JUNE 30, 2024
(dollars in thousands) | RESTAURANT SALES |  | FRANCHISE REVENUES |  | RESTAURANT SALES |  | FRANCHISE REVENUES
U.S. |  |  |  |  |  |  |
Outback Steakhouse | $ | 571,897 |  |  | $ | 7,800 |  |  | $ | 562,904 |  |  | $ | 8,076 |
Carrabba’s Italian Grill | 181,141 |  |  | 573 |  |  | 174,576 |  |  | 752 |
Bonefish Grill | 126,671 |  |  | 89 |  |  | 134,279 |  |  | 128 |
Fleming’s Prime Steakhouse & Wine Bar | 95,586 |  |  | — |  |  | 88,390 |  |  | — |
Other | — |  |  | — |  |  | 1,939 |  |  | 18 |
U.S. total | 975,295 |  |  | 8,462 |  |  | 962,088 |  |  | 8,974 |
International Franchise (1) | — |  |  | 7,051 |  |  | — |  |  | 9,444 |
Other (2) | 9,476 |  |  | 10 |  |  | 15,691 |  |  | — |
Total | $ | 984,771 |  |  | $ | 15,523 |  |  | $ | 977,779 |  |  | $ | 18,418 |
| TWENTY-SIX WEEKS ENDED
| JUNE 29, 2025 |  | JUNE 30, 2024
(dollars in thousands) | RESTAURANT SALES |  | FRANCHISE REVENUES |  | RESTAURANT SALES |  | FRANCHISE REVENUES
U.S. |  |  |  |  |  |  |
Outback Steakhouse | $ | 1,169,378 |  |  | $ | 15,969 |  |  | $ | 1,166,517 |  |  | $ | 16,396 |
Carrabba’s Italian Grill | 365,471 |  |  | 1,235 |  |  | 359,005 |  |  | 1,488 |
Bonefish Grill | 262,662 |  |  | 193 |  |  | 278,782 |  |  | 288 |
Fleming’s Prime Steakhouse & Wine Bar | 197,914 |  |  | — |  |  | 184,552 |  |  | — |
Other | — |  |  | — |  |  | 4,128 |  |  | 56 |
U.S. total | 1,995,425 |  |  | 17,397 |  |  | 1,992,984 |  |  | 18,228 |
International Franchise (1) | — |  |  | 16,334 |  |  | — |  |  | 19,556 |
Other (2) | 18,863 |  |  | 32 |  |  | 31,485 |  |  | — |
Total | $ | 2,014,288 |  |  | $ | 33,763 |  |  | $ | 2,024,469 |  |  | $ | 37,784 |
________________ (1)Includes intercompany royalties from Brazil prior to the sale and royalties from Brazil after the sale. (2)Includes Restaurant sales for Company-owned restaurants in Hong Kong.
Contract with customers, asset and liability | The following table includes a detail of assets and liabilities from contracts with customers included on the Company’s Consolidated Balance Sheets as of the periods indicated:
(dollars in thousands) | JUNE 29, 2025 |  | DECEMBER 29, 2024 |  |  |  |
Other current assets, net |  |  |  |  |  |  |  |  |
Deferred gift card sales commissions | $ | 12,554 |  |  | $ | 16,935 |  |  |  |  |  |  |
Unearned revenue |  |  |  |  |  |  |  |  |
Deferred gift card revenue | $ | 299,636 |  |  | $ | 366,059 |  |  |  |  |  |  |
Deferred loyalty revenue | 6,892 |  |  | 6,073 |  |  |  |  |  |  |
Deferred franchise fees - current | 530 |  |  | 490 |  |  |  |  |  |  |
Other | 1,358 |  |  | 1,477 |  |  |  |  |  |  |
Total Unearned revenue | $ | 308,416 |  |  | $ | 374,099 |  |  |  |  |  |  |
Other long-term liabilities, net |  |  |  |  |  |  |  |  |
Deferred franchise fees - non-current | $ | 4,360 |  |  | $ | 3,901 |  |  |  |  |  |  |
The following table is a rollforward of deferred gift card sales commissions for the periods indicated:
| THIRTEEN WEEKS ENDED |  | TWENTY-SIX WEEKS ENDED
(dollars in thousands) | JUNE 29, 2025 |  | JUNE 30, 2024 |  | JUNE 29, 2025 |  | JUNE 30, 2024
Balance, beginning of the period | $ | 13,127 |  |  | $ | 13,520 |  |  | $ | 16,935 |  |  | $ | 18,081 |
Deferred gift card sales commissions amortization | (4,870) |  |  | (5,163) |  |  | (11,767) |  |  | (12,661) |
Deferred gift card sales commissions capitalization | 4,900 |  |  | 4,942 |  |  | 8,873 |  |  | 8,856 |
Other | (603) |  |  | (649) |  |  | (1,487) |  |  | (1,626) |
Balance, end of the period | $ | 12,554 |  |  | $ | 12,650 |  |  | $ | 12,554 |  |  | $ | 12,650 |
The following table is a rollforward of unearned gift card revenue for the periods indicated:
| THIRTEEN WEEKS ENDED |  | TWENTY-SIX WEEKS ENDED
(dollars in thousands) | JUNE 29, 2025 |  | JUNE 30, 2024 |  | JUNE 29, 2025 |  | JUNE 30, 2024
Balance, beginning of the period | $ | 308,738 |  |  | $ | 310,634 |  |  | $ | 366,059 |  |  | $ | 372,551 |
Gift card sales | 58,035 |  |  | 57,997 |  |  | 104,561 |  |  | 103,158 |
Gift card redemptions | (63,072) |  |  | (65,580) |  |  | (160,666) |  |  | (166,596) |
Gift card breakage | (4,065) |  |  | (3,961) |  |  | (10,318) |  |  | (10,023) |
Balance, end of the period | $ | 299,636 |  |  | $ | 299,090 |  |  | $ | 299,636 |  |  | $ | 299,090 |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueRecognitionAndDeferredRevenueAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration