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Segment Reporting
 6 Months Ended
Jun. 29, 2025
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.

Segment accounting policies are the same as those described in Note 2 - Summary of Significant Accounting Policies in the Company’s Annual Report on Form 10-K for the year ended December 29, 2024. Revenues for all segments include only transactions with customers and exclude intersegment revenues. 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 below segment disclosures have been recast to include amounts that relate solely to the Company’s continuing operations. In the tables below, “other” includes amounts related to its Hong Kong subsidiary.
The following table is a summary of revenues by segment for the periods indicated:
THIRTEEN WEEKS ENDEDTWENTY-SIX WEEKS ENDED
(dollars in thousands)JUNE 29, 2025JUNE 30, 2024JUNE 29, 2025JUNE 30, 2024
Revenues
U.S.$985,828 $974,173 $2,016,731 $2,017,277 
International Franchise7,051 9,444 16,334 19,556 
Total segment revenues992,879 983,617 2,033,065 2,036,833 
All other revenues9,487 15,752 18,895 31,609 
Total revenues$1,002,366 $999,369 $2,051,960 $2,068,442 
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 29, 2025JUNE 30, 2024JUNE 29, 2025JUNE 30, 2024
U.S.
Total revenues$985,828 $974,173 $2,016,731 $2,017,277 
Less:
Food and beverage295,414 288,902 605,726 600,451 
Labor and other related307,652 295,685 620,357 606,884 
Other restaurant operating247,446 241,046 501,055 487,218 
Other (1)66,855 68,863 133,462 145,563 
Total segment expenses917,367 894,496 1,860,600 1,840,116 
Income from operations$68,461 $79,677 $156,131 $177,161 
International Franchise
Total revenues$7,051 $9,444 $16,334 $19,556 
Less:
Total segment expenses (2)213 394 492 817 
Income from operations
$6,838 $9,050 $15,842 $18,739 
Total segment
Total revenues$992,879 $983,617 $2,033,065 $2,036,833 
Less:
Total segment expenses917,580 894,890 1,861,092 1,840,933 
Total segment income from operations
$75,299 $88,727 $171,973 $195,900 
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(1)Includes depreciation and amortization, general and administrative and impairment expense.
(2)Includes general and administrative expense.
The following table is a reconciliation of segment income from operations to Income (loss) before (benefit) provision for income taxes for the periods indicated:
THIRTEEN WEEKS ENDEDTWENTY-SIX WEEKS ENDED
(dollars in thousands)JUNE 29, 2025JUNE 30, 2024JUNE 29, 2025JUNE 30, 2024
Total segment income from operations$75,299 $88,727 $171,973 $195,900 
Unallocated corporate operating expense(46,422)(32,286)(86,190)(68,025)
Other income (loss) from operations773 (12,389)1,098 (12,906)
Total income from operations29,650 44,052 86,881 114,969 
Loss on extinguishment of debt— — — (135,797)
Interest expense, net(10,699)(15,296)(21,886)(28,972)
Income (loss) before (benefit) provision for income taxes$18,951 $28,756 $64,995 $(49,800)
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 29, 2025JUNE 30, 2024JUNE 29, 2025JUNE 30, 2024
Depreciation and amortization
U.S.$42,145 $40,616 $83,758 $80,584 
Corporate2,205 2,214 4,289 4,267 
Other248 560 498 1,239 
Total depreciation and amortization$44,598 $43,390 $88,545 $86,090 

The following table is a summary of capital expenditures by segment, excluding non-cash activity, for the periods indicated:
TWENTY-SIX WEEKS ENDED
(dollars in thousands)JUNE 29, 2025JUNE 30, 2024
Capital expenditures
U.S.$76,906 $103,691 
Corporate7,380 3,836 
Other11 715 
Total capital expenditures$84,297 $108,242 
The following table sets forth Total assets by segment as of the periods indicated:
(dollars in thousands)JUNE 29, 2025DECEMBER 29, 2024
Assets
U.S.$2,630,373 $2,735,251 
International Franchise105,776 103,242 
Total segment assets2,736,149 2,838,493 
Corporate494,822 306,560 
Other (1)76,577 16,262 
Assets of discontinued operations held for sale— 223,490 
Total assets$3,307,548 $3,384,805 
_________________
(1)Includes the Company’s equity method investment in Brazil.