Core Insights - Texas Roadhouse has become the leading steakhouse chain in the U.S. and surpassed Olive Garden as the top casual dining chain in 2024, achieving nearly $5.5 billion in sales [1] - LongHorn Steakhouse ranks as the second steakhouse with $3 billion in sales and is the sixth casual dining chain, while Outback Steakhouse follows in third place with $2.7 billion in sales [2] Company Developments - Outback Steakhouse's parent company, Bloomin' Brands, is implementing a strategic turnaround plan due to economic pressures, which includes closing 43 locations [3] - Fleming's Prime Steakhouse & Wine Bar is closing its Upper Kirby location in Houston after 25 years, as Bloomin' Brands chose not to renew the lease [6][7] - Bloomin' Brands is also not renewing 22 Outback restaurant leases through 2029, following the closure of 21 underperforming locations in October 2025 [8] Employment and Corporate Changes - Bloomin' Brands laid off 100 corporate employees earlier in 2025 as part of its restructuring efforts [9] - The company operates over 1,450 restaurants across various brands, including Fleming's, Outback Steakhouse, Carrabba's Italian Grill, and Bonefish Grill [9]

INVESTOR PRESENTATION February 18, 2026 SAFE HARBOR STATEMENT / NON-GAAP INFORMATION Cautionary Statement Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. This includes, without limitation, financial guidance and projections, including underlying assumptions, and statements with respect to expectations of the Company's futu ...