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Economy

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mahatmakanejeeves

(63,496 posts)
Tue Feb 27, 2024, 08:38 AM Feb 2024

41 locations of Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill and Fleming's to close [View all]

41 locations of Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s 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 chain’s 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 Carrabba’s Italian Grill, Bonefish Grill and Fleming’s.

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.

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