The Latest Breaking News from Outback Steakhouse

Outback Steakhouse's parent company Bloomin' Brands has closed 21 locations and suspended shareholder dividends as it launches a major restructuring plan.

Outback Steakhouse begins a major turnaround after closing 21 U.S. restaurants to improve service, menus, and customer experience.

Bloomin' Brands has seen a 35% slide in its stock price this year

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Restaurants operator Bloomin’ Brands (BLMN) has achieved solid sales growth in its last reported quarter. Furthermore, its stock appears to be trading at a discount at its current price. Also, with Wall Street expecting the stock to soar in price in the near term, we think it could be worth…

Bloomin' Brands Inc (NASDAQ:BLMN) reported first-quarter FY22 sales growth of 15.5%, to $1.14 billion, beating the consensus of $1.13 billion. Combined U.S. comparable restaurant sales grew 14.0% during the quarter, with 9.2% growth in Outback Steakhouse and 11.5% in Carrabba's Italian Grill. Restaurant sales grew 14.7% Y/Y to $1.1 billion, while Franchise…

Bloomin' Brands Inc (NASDAQ:BLMN) reported fourth-quarter FY21 sales growth of 28.9% year-on-year, to $1.047 billion, marginally ahead of the consensus of $1.04 billion. Comparable restaurant sales in the U.S. grew 20.7% at Outback Steakhouse and 27.9% at Combined U.S. Restaurant sales grew 27.8% Y/Y to $1.02 billion, while Franchise and other revenues shot…