Wednesday, February 22, 2017

Bloomin’ Brands closes 43 restaurants

Bloomin' Brands is closing 43 underperforming restaurantsBloomin’ Brands Inc. said on Friday morning that it has closed 43 underperforming restaurants amid persistently weak same-store sales at most of the company’s casual dining brands.

Same-store sales at its flagship Outback Steakhouse chain fell 4.8 percent, and declined 2.3 percent at Carrabba’s Italian Grill in the quarter ended Dec. 25. Same-store sales fell 1.9 percent at Bonefish Grill, but increased slightly, 0.2 percent, at Fleming’s Prime Steakhouse. . . . more

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