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Outback Steakhouse

Financing

Outback reports first positive traffic in 4 years, thanks to value meals

 By Joe Guszkowski on Feb. 25, 2026

The steakhouse chain’s Aussie 3-Course menu is bringing in more customers, a sign that the company's turnaround efforts are working.

Financing

Outback Steakhouse parent to invest $75M in return to steakhouse roots

 By Joe Guszkowski on Nov. 06, 2025

Bloomin’ Brands plans to improve steak quality, service and atmosphere at the struggling casual-dining chain. It’s also closing more locations.

Financing

More closures hit Outback Steakhouse

By Joe Guszkowski on Oct. 30, 2025

The casual-dining chain closed eight locations across the country amid an ongoing turnaround effort. It previously closed dozens of restaurants last year.

Financing

Outback's turnaround inches forward, thanks to value meals

By Joe Guszkowski on Aug. 06, 2025

But the casual-dining chain still has work to do on service and steak quality, and parent company Bloomin’ Brands also dimmed its annual earnings forecast.

Leadership

Outback Steakhouse parent Bloomin’ Brands shakes up its leadership team

By Joe Guszkowski on Aug. 04, 2025

The full-service restaurant company named a new CFO, HR chief, analytics leader and more as it looks to revitalize its business, particularly at Outback.

Financing

Outback Steakhouse looks to fix its value perception

By Joe Guszkowski on May 07, 2025

The casual-dining chain’s prices and service have not measured up to competitors’, executives said. It is working to change that as traffic continues to slide.

Financing

Outback Steakhouse to slash menu by nearly 20%

By Joe Guszkowski on Feb. 26, 2025

The change is part of a wholesale turnaround plan at the struggling steak chain that also includes a new marketing strategy and slower unit development.

Workforce

Outback Steakhouse parent Bloomin' Brands lays off 100 employees

By Joe Guszkowski on Feb. 20, 2025

About 17% of Bloomin's headquarters staff were affected. The company cited industry headwinds and a need to realign after refranchising its operations in Brazil.

Financing

Outback Steakhouse parent to refranchise Brazil business for $243M

By Joe Guszkowski on Nov. 08, 2024

Casual-dining operator Bloomin’ Brands is selling 67% of the business to Brazil-based Vinci Partners. It has more than 200 restaurants in the South American country.

Leadership

Outback Steakhouse parent taps Delta Air Lines exec as new CEO

By Joe Guszkowski on Aug. 26, 2024

Michael Spanos will take over at Bloomin' Brands from the retiring Dave Deno.

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