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Fleming's

Operations

Outback parent bows to an activist investor

Bloomin' Brands agreed to add an industry veteran to its board under an agreement with Jana Partners, one of two shareholders that have been sympathetic to spinning off secondary brands.

Food

4 flavors having a menu moment

Four new flavors dethrone Sriracha to become the fastest-growing menu flavors.

The steak category grew sales by 2.9%, to $11.2 billion, and units by 0.7%, to 2,767.

Express combines selections from Outback and Carrabba's into a delivery-and-takeout-only format.

Restaurant dealmaking is at its highest level in 11 years. The transactions record could be shattered if these blockbuster acquisitions, already the subjects of Wall Street speculation, should go down.

Fourth quarter results were the best for parent Bloomin' Brands in five years.

Bloomin' Brands said Q4 domestic comps fort Outback and Carrabba's decreased 4.8% and 2.3%, respectively.

The upscale chain focuses on ambiance as well as offering quality steaks and 100 wines by the glass

A look at the reports for public companies reveals some definite directional arrows for the industry as a whole.

Chris Sullivan, who helped start the steakhouse, resigns from parent company’s board.

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