Bloomin’ Brands shuffles management

Outback Steakhouse

Gregg Scarlett is relinquishing his duties as president of Bloomin’ Brands’ Bonefish Grill chain to assume the same post at the casual giant’s main brand, Outback Steakhouse, the company revealed Friday.

Scarlett will succeed Jeff Smith, who has decided to retire, Bloomin’ CEO Liz Smith said during Bloomin’s quarterly call with financial analysts. Jeff Smith has led the steakhouse chain for 11 years, and served in other posts within Bloomin’ and its predecessor company for another 14.

Scarlett is being succeeded as president of Bonefish Grill by David Schmidt, who has held a variety of operational and financial positions since joining the chain 10 years ago, Liz Smith said.

The changes follow a dismal second quarter for the company, whose other casual-dining brands include Carrabba’s and Fleming’s.  Bloomin’ posted a loss of $8.1 million for the period, compared with a profit of $33.1 million for the same period of the prior year.

Traffic at Outback dropped year over year by 5.9% for the quarter.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Emerging Brands

5 pre-emerging restaurant brands ready for takeoff

These small concepts are still proving out their ideas, but each shows promise as a potential candidate for the next generation of emerging chains.

Technology

This little-known iPhone feature could change restaurant ordering

Tech Check: Almost every customer has a POS in their pocket. Can mini mobile apps get them to actually use it?

Financing

Red Lobster gives private equity another black eye

The Bottom Line: The role a giant sale-leaseback had in the bankruptcy filing of the seafood chain has drawn more criticism of the investment firms' financial engineering. The criticism is well-earned.

Trending

More from our partners