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Related: About this forum41 locations of Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill and Fleming's to close
41 locations of Outback Steakhouse, Carrabbas Italian Grill, Bonefish Grill and Flemings to close
By Jordan Valinsky, CNN
2 minute read
Updated 4:59 PM EST, Mon February 26, 2024
New York (CNN) Fans of Outback Steakhouse may be surprised to see their local restaurant permanently closed after the chains parent company abruptly shut down dozens of locations around the US.
Bloomin Brands revealed in an earnings call Friday that it closed 41 underperforming locations across the brands it owns, including Carrabbas Italian Grill, Bonefish Grill and Flemings.
The closures hit Outback Steakhouses the hardest, the company said in the call. Bloomin said it closed the locations because of a variety of factors, including sales, shrinking customer traffic and financial investments that were too costly to improve the locations. Plus, a majority of these restaurants were older assets with leases from the 90s and early 2000s, according to Bloomin CEO David Deno.
{snip}
By Jordan Valinsky, CNN
2 minute read
Updated 4:59 PM EST, Mon February 26, 2024
New York (CNN) Fans of Outback Steakhouse may be surprised to see their local restaurant permanently closed after the chains parent company abruptly shut down dozens of locations around the US.
Bloomin Brands revealed in an earnings call Friday that it closed 41 underperforming locations across the brands it owns, including Carrabbas Italian Grill, Bonefish Grill and Flemings.
The closures hit Outback Steakhouses the hardest, the company said in the call. Bloomin said it closed the locations because of a variety of factors, including sales, shrinking customer traffic and financial investments that were too costly to improve the locations. Plus, a majority of these restaurants were older assets with leases from the 90s and early 2000s, according to Bloomin CEO David Deno.
{snip}
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41 locations of Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill and Fleming's to close (Original Post)
mahatmakanejeeves
Feb 2024
OP
bucolic_frolic
(46,979 posts)1. Struggling restaurants will serve crap to try to reduce costs.
I was poisoned by a famous fish once. I swear it had been treated by bleach, but I thought that was the way it was supposed to taste so I ate it.
jimfields33
(18,851 posts)2. Honestly Texas Roadhouse is much better then The Outback
Im not surprised by this.
unc70
(6,325 posts)3. Not a big number when there are over 1,500 restaurants
Sounds like normal churning.