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Bonefish Grill’s comps slip 4.6%; Outback’s jump 4%

Same-store sales for Bonefish Grill fell 4.6 percent year over year for the second quarter, while comps for sister-brand Outback Steakhouse rose 4 percent, leaving parent-company Bloomin’ Brands with a 2 percent gain across all domestic units open for at least a year.

Same-store sales for Carrabba’s were up 0.9 percent, while Fleming’s posted a comp increase of 3.2 percent.

U.S. revenues rose 1.6 percent to $983 million, buoyed by the opening of two company-run Outback Steakhouses and three corporate Bonefish Grills during the quarter. Two Outback Steakhouses closed during the quarter.

Problems with Outback Steakhouses in South Korea continued to sap the company’s international performance, but Bloomin’ CEO Liz Smith noted “continued strong performance” in Brazilian restaurants affiliated with the company.

Overall, international revenues fell 18.9 percent, to $116.6 million, despite the opening of 14 restaurants. 

Corporate net income for the quarter was $33.1 million, a 19 percent increase, on revenues of $1.1 billion, a 1 percent decline.

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