The exterior of an Outback Steakhouse restaurant in Daly City, Calif. Justin Sullivan/Getty ImagesBloomin’ Brands Inc. announced in its quarterly earnings report published on Nov. 6 that it shuttered 21 Outback Steakhouse locations in October and declined to renew the leases on 22 others in the wake of sagging same-store sales.Bloomin’ Brands, which also owns Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar, reported a net loss of $45.8 million for the 13-week period ended Sept. 28 after taking a $33.2 million impairment charge related to the restaurant closures.
Date:
More like thisRelated
Homeowner Exodus in Flood-Prone Regions for First Time in 6 Years: Redfin
An aerial view of a flooded residential neighborhood after...
Median Age of US First-Time Homebuyers Hits All-Time High: NAR
Meanwhile, the share of first-time homebuyers has declined to...
Trump Participates in Dinner With Central Asian Countries
Trump Participates in Dinner With Central Asian CountriesEpochTV LiveNov-06-2025U.S....
Hegseth Says US Strikes Another Drug-Smuggling Boat, Killing 3 Onboard
The Pentagon chief said that U.S. strikes on drug...