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Outback Steakhouse

Financing

Starboard's presentation on Bloomin' Brands is disappointing

 By Jonathan Maze on Oct. 25, 2023

The Bottom Line: Those hoping for a detailed deck similar to the activist investor’s famous presentation on Darden likely came away wanting.

Financing

How Starboard Value plans to fix Bloomin' Brands

 By Joe Guszkowski on Oct. 19, 2023

The activist investor wants to improve operations at Outback Steakhouse, put the fun back into its marketing and highlight its growing Brazil business.

Leadership

Bloomin' activist Starboard Value taps ex-Darden COO Dave George as advisor

By Joe Guszkowski on Sep. 11, 2023

The operations specialist will help Starboard’s push to shake things up at Bloomin’.

Leadership

Bloomin' Brands reshuffles board after Starboard takes big stake

By Joe Guszkowski on Aug. 28, 2023

Chairman Jim Craigie will be replaced by fellow member R. Michael Mohan, and Rohit Lal, CIO of trucking company Saia, is joining the board.

Operations

What can Bloomin' Brands expect from disgruntled shareholder Starboard Value?

By Peter Romeo on Aug. 22, 2023

Restaurant Rewind: There could be a preview in the pressure Starboard put on Bloomin' arch-rival Darden Restaurants nine years ago.

Financing

In Bloomin' Brands, Starboard finds its next undervalued target

By Jonathan Maze on Aug. 21, 2023

The Bottom Line: The activist investor, who shook up Darden and helped get Papa Johns back on its feet, may be just what the doctor ordered for one of the most overlooked restaurant companies on Wall Street.

Financing

Starboard Value takes a stake in Bloomin' Brands

By Joe Guszkowski on Aug. 18, 2023

The activist investor, which once won every seat on the Darden Restaurants' board, now owns nearly 10% of the Outback Steakhouse parent.

Food

After a pandemic break, restaurants added a lot of new menu items this summer

By Patricia Cobe on Aug. 03, 2023

Customers returned to dining out and operators greeted them with a record number of limited-time offers. The result was a summer of love on restaurant menus.

Financing

Tech and kitchen upgrades lift profits at Outback Steakhouse

By Joe Guszkowski on Aug. 01, 2023

Owner Bloomin’ Brands now plans to reinvest some of the earnings into boosting traffic, which fell 4% in the second quarter.

Food

Outback's new 'swicy' menu embraces the sweet-heat trend

By Patricia Cobe on Jul. 19, 2023

The “Sweet Heat Season” Menu runs through Oct. 31 at the casual-dining chain, with hot honey leading the food and drink lineup.

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