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BLMN - Outback Steakhouse Comps Improve as Restaurants Reopen
Bloomin' Brands Inc.
Bloomin' Brands' (NASDAQ: BLMN) business is beginning to return as diners head back to its Outback Steakhouse and Carrabba's Italian Grill chains. But its upscale Bonefish Grill and Fleming's Steakhouse brands continue to struggle as consumers seemingly prefer the dine-in experience to takeout at fine food locations.
The restaurant operator said as of June 7 it had reopened 760 restaurants in the U.S., double the number it had open a month ago, and most of which were Outback Steakhouses.