Parent company Bloomin’ Brands announced in an earnings call Friday, February 23, 2024 that 41 underperforming locations” including Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Steakhouse & Wine Bar are permanently closing, and then abruptly shut down the business locations by Monday with little notice to employees and customers.
Bloomin’ Brands announced in the earnings call that the closed locations were due to a “variety of factors,” including sales, shrinking customer traffic, and financial investments that were too costly to improve the locations. According to Bloomin’ Brands CEO David Deno, a “majority of these restaurants were older assets with leases from the ’90s and early 2000s.”
By the end of the day Friday, 33 restaurants were closed.
Most of the closures were Outback Steakhouse restaurants.
Bloomin’ Brands did not release a list of closed restaurants. However, the locations page for Outback Steakhouse indicated the surviving locations.
In Illinois, there are Outback Steakhouse locations listed as of Tuesday, February 27, 2024.
Bloomingdale
Bloomington
Champaign
Chicago
Crystal Lake
Downers Grove
Gurnee
Joliet
Naperville
O’Fallon
Orland Park
Rockford
Schaumburg
Skokie
Springfield
There are plans to open 18 new Outback Steakhouse restaurants in the United States in 2024, and as many as 45 restaurants across all brands of Bloomin’ Brands. On December 31, 2023 there were 688 Outback Steakhouse restaurants (562 company owned and 126 franchised).
New Outback Steakhouse restaurants have a redesigned layout that was unveiled in 2022.
Sales in the fourth quarter at Outback Steakhouse were down 0.3%.
Bonefish, which fell 3%.
Carrabba’s sales were up 2.5%.
There were 217 Carrabba’s Italian Grill restaurants on December 31, 2023.
There were 176 Bonefish Grill restaurants on December 31, 2023.
$BLMN Bloomin Brands Q4 2023 Earnings Conference Call. Bloomin’ Brands, Inc., through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba’s Italian Grill, a casual Italian restaurant; Bonefish Grill; and Fleming’s Prime Steakhouse & Wine Bar, a contemporary steakhouse. The company was founded in 1988 and is based in Tampa, Florida. YouTube Tips ⓘ
‘Bar Rescue’ Executive Producer and host Jon Taffer reacts to the new California law that would remove ‘junk fees’ and other hidden costs. YouTube Tips ⓘ
^^ MOBILE? USE VOICE MIC ^^
facebook …
Please ‘LIKE’ the ‘Arlington Cardinal Page. See all of The Cardinal Facebook fan pages at Arlingtoncardinal.com/about/facebook …
Help fund The Cardinal Arlingtoncardinal.com/sponsor
THANKS FOR READING CARDINAL NEWS
In 2023, Outback Steakhouse parent company Bloomin’ Brands Inc. announced it would be closing it’s Hawaii Kai and Kihei locations. As of February 2024, the three remaining locations were Kapolei, Kona, and Waipio. YouTube Tips ⓘ
(Original Air Date: 4/3/03) Patton Oswalt gives his thoughts on McDonald’s characters, late night infomercials, and Outback Steakhouse (begins 3:18). YouTube Tips ⓘ
Outback Steakhouse, renowned for its American twist on Australian barbecue, has found unexpected success in Brazil. The South- American nation is responsible for an astonishing 83% of Bloomin’ Brands’ total international sales. In the first half of 2023 alone, Brazil sales skyrocketed by 61%, foot traffic surged by 42% and the average check jumped by 19.2% compared to the same period in 2022. Those numbers are in stark contrast to Outback’s operations in the United States at 3.9%, -5% and 8.9% respectively. So, what is the secret behind this Australian-inspired steakhouse’s takeover in a country renowned for its own local barbecue culture? Brazil’s burgeoning middle class is one part of the story. YouTube Tips ⓘ