Outback abruptly closed 21 restaurants [CNN]
Bloomin' Brands, Inc. (BLMN)
Last bloomin' brands, inc. earnings: 2/18 07:00 am
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investors.bloominbrands.com/investor-relations
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Source: CNN
Bloomin' Brands , Outback's parent company, disclosed in its earnings report Thursday that in addition to those closures, an additional 22 locations will not have their leases renewed and will shutter over the next four years. Outback has 670 US locations remaining, according to its website. That's roughly 10% fewer than a decade ago, when it had about 750 locations Bloomin' Brands also announced that it will take a $33 million impairment charge for the closures and suspended its shareholder dividend to help pay for the turnaround plan. Part of that initiative includes “service enhancements to deliver an exceptional guest experience,” reviving the 37-year-old brand to bring in more repeat customers, and expanding restaurant remodels , according to a press release. “We believe our strategic plan will drive long-term, sustainable and profitable growth,” said Bloomin' Brands CEO Mike Spanos. Outback has been struggling for the past two years and hasn't posted same-store sales
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BLMN
News
- Bloomin' Brands (NASDAQ:BLMN) had its "sell (d)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- 1 Cash-Producing Stock to Keep an Eye On and 2 That Underwhelm [Yahoo! Finance]Yahoo! Finance
- Bloomin' Brands (NASDAQ:BLMN) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- Bloomin' Brands: Still Cheap For A Reason [Seeking Alpha]Seeking Alpha
- 3 Restaurant Stocks We Think Twice About [Yahoo! Finance]Yahoo! Finance
BLMN
Earnings
- 11/6/25 - Beat
BLMN
Sec Filings
- 11/17/25 - Form 144
- 11/12/25 - Form 4
- 11/12/25 - Form 4
- BLMN's page on the SEC website