Tampa, Florida-based Outback Steakhouse yesterday [Tuesday] reported that income for the three months ended 31 December 2001 before the impact of charges to write down impaired assets and costs associated with restaurant closings (net of the related tax effect) was US$35.17m, equal to US$0.45 per share (diluted), compared with US$31.68m or US$0.41 per share (diluted) for the same period in 2000.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

After giving effect to the impaired asset charge (net of the related tax effect), net income for the three months was US$33.5m or US$0.43 per share (diluted), compared with US$31.68m, or US$0.41 per share (diluted) for the same period in 2000. For the FY meanwhile, net income, including the impact of the US$7m “Dine Out for America” contribution (net of the related tax effect), was US$133.37m equal to US$1.70 per share (diluted) compared with net income of US$141.13m, or US$1.78 per share (diluted) for the same period in 2000.


Revenues for the quarter increased by 13% to US$537.99m, compared with US$474.48m year on year. For the FY, revenues grew to US$2.12bn, compared with US$1.9bn for the same period in 2000. System-wide sales grew by 13%, to US$660m, for the quarter and by 13%, to US$2.6bn, for the twelve month period, as compared with the respective periods last year.


Outback also reported that comparable store sales for the Q4 of 2001 increased by about 0.7% and 5.2% for domestic Outback Steakhouses and Carrabba’s Italian Grills, respectively, year on year. Average unit volumes decreased by approximately 0.4% for all domestic Outback Steakhouses and increased by approximately 8.8% for Carrabba’s Italian Grills, compared with the Q4 of 2000.


The company operates 739 Outback Steakhouses, 103 Carrabba’s Italian Grills and 13 Fleming’s Prime Steakhouse and Wine Bars, 13 Roy’s, one Lee Roy Selmon’s and four Bonefish Grills in 49 states and 21 countries internationally.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.