Industry News | April 17, 2007

Outback Owners Announce Q1 Earnings

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OSI Restaurant Partners, Inc. (NYSE:OSI) today reported that net income for the three months ended March 31, 2007 was $27,610,000, equal to $0.36 per share (diluted), compared with $32,231,000, or $0.42 per share (diluted), for the same period in 2006. Revenues for the quarter increased by 7.5% to $1,066,616,000 compared with $992,360,000 during the same quarter last year.

Sales information for the first quarter was previously released April 5, 2007 on a preliminary basis, as it was subject to final determination of gift card sales.

System-wide sales grew by 5.9% for the quarter compared with the respective period in 2006. System-wide sales is a non-GAAP financial measure that includes sales of all restaurants operating under the Company's brand names, whether the Company owns them or not.

OSI Restaurant Partners Inc., own and operate the following franchise fast casual and full service restaurants; Outback Steakhouse, Carrabba's Italian Grills, Bonefish Grills, Fleming's Prime Steakhouse and Wine Bars, Roy's, Cheeseburger in Paradise, Lee Roy Selmon's, Blue Coral Seafood and Spirits, Paul Lee's Chinese Kitchen.

For the full financial release see: http://www.osirestaurantpartners.com/