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Segment Reporting
 9 Months Ended
Sep. 28, 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 following segment disclosures have been recast to include amounts that relate solely to the Company’s continuing operations. In the tables below, “other” primarily includes amounts related to its Hong Kong subsidiary.
The following table is a summary of revenues by segment for the periods indicated:
THIRTEEN WEEKS ENDEDTHIRTY-NINE WEEKS ENDED
(dollars in thousands)SEPTEMBER 28, 2025SEPTEMBER 29, 2024SEPTEMBER 28, 2025SEPTEMBER 29, 2024
Revenues
U.S.$912,276 $887,325 $2,929,007 $2,904,602 
International Franchise7,146 9,945 23,480 29,501 
Total segment revenues919,422 897,270 2,952,487 2,934,103 
All other revenues9,391 12,743 28,286 44,352 
Total revenues$928,813 $910,013 $2,980,773 $2,978,455 
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 28, 2025SEPTEMBER 29, 2024SEPTEMBER 28, 2025SEPTEMBER 29, 2024
U.S.
Total revenues$912,276 $887,325 $2,929,007 $2,904,602 
Less:
Food and beverage272,177 257,401 877,903 857,852 
Labor and other related295,421 281,721 915,778 888,605 
Other restaurant operating245,680 237,615 746,735 724,833 
Other (1)97,397 71,735 230,859 217,298 
Total segment expenses910,675 848,472 2,771,275 2,688,588 
Income from operations$1,601 $38,853 $157,732 $216,014 
International Franchise
Total revenues$7,146 $9,945 $23,480 $29,501 
Less:
Total segment expenses (2)148 392 640 1,209 
Income from operations
$6,998 $9,553 $22,840 $28,292 
Total segment
Total revenues$919,422 $897,270 $2,952,487 $2,934,103 
Less:
Total segment expenses910,823 848,864 2,771,915 2,689,797 
Total segment income from operations
$8,599 $48,406 $180,572 $244,306 
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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 (Loss) income before (benefit) provision for income taxes for the periods indicated:
THIRTEEN WEEKS ENDEDTHIRTY-NINE WEEKS ENDED
(dollars in thousands)SEPTEMBER 28, 2025SEPTEMBER 29, 2024SEPTEMBER 28, 2025SEPTEMBER 29, 2024
Total segment income from operations$8,599 $48,406 $180,572 $244,306 
Unallocated corporate operating expense(45,245)(35,665)(131,435)(103,690)
Other income (loss) from operations226 (4,099)1,324 (17,005)
Total (loss) income from operations(36,420)8,642 50,461 123,611 
Loss on extinguishment of debt— (225)— (136,022)
Interest expense, net(11,112)(16,483)(32,998)(45,455)
(Loss) income before (benefit) provision for income taxes$(47,532)$(8,066)$17,463 $(57,866)
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 28, 2025SEPTEMBER 29, 2024SEPTEMBER 28, 2025SEPTEMBER 29, 2024
Depreciation and amortization
U.S.$42,403 $41,922 $126,161 $122,506 
Corporate2,324 2,102 6,613 6,369 
Other220 320 718 1,559 
Total depreciation and amortization$44,947 $44,344 $133,492 $130,434 

The following table is a summary of capital expenditures by segment, excluding non-cash activity, for the periods indicated:
THIRTY-NINE WEEKS ENDED
(dollars in thousands)SEPTEMBER 28, 2025SEPTEMBER 29, 2024
Capital expenditures
U.S.$115,415 $160,738 
Corporate9,025 6,243 
Other11 734 
Total capital expenditures$124,451 $167,715 
The following table sets forth Total assets by segment as of the periods indicated:
(dollars in thousands)SEPTEMBER 28, 2025DECEMBER 29, 2024
Assets
U.S.$2,574,524 $2,735,251 
International Franchise104,514 103,242 
Total segment assets2,679,038 2,838,493 
Corporate519,043 306,560 
Other (1)81,982 16,262 
Assets of discontinued operations held for sale— 223,490 
Total assets$3,280,063 $3,384,805 
_________________
(1)Includes the Company’s equity method investment in Brazil.