U.S. Outback Steakhouse is an Australian-themed American casual dining restaurant chain, serving American cuisine, based in Tampa, Florida. The chain has over 1,000 locations in 23 countries throughout North and South America, Asia, and Australia.
For those of you who frequent Outback Steakhouse , we have good news. On Friday, Bloomin’ Brands company announced it would close a total of 43 stores, including some of its Outback , Carrabba’s and Bonefish Grill restaurants .
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Outback was established in March 1988 and is now a member of OSI Partners Inc. Other members include Cheeseburger in Paradise, Carrabbas, and Bonefish Grill. The Busiest Location Is: Outside Camp Lejeune, N.C.
The bid for OSI Restaurant Partners, owner of the Outback Steakhouse chain, is creeping upwards due to pressure from major OSI institutional investors. Bain Capital and Catterton increased their initial bid of $40 a share ($3.1bn total) to $41.15 a share.
One reason Outback Steakhouse is struggling is true of nearly all casual dining chains: competition. But it’s not just competition with other chains that’s hurting their business. Outback needs to complete with different restaurants and different levels, and that’s a tough thing to do.
More Restaurant Closings In 2020 : IHOP , Applebee’s To Shutdown Locations. Franchisor Dine Brands Global (DIN) announced that up to 100 IHOP restaurants would close over the next six months, and 15 Applebee’s locations will shutter in the fourth quarter.
Company announces plans to close dozens of Applebee’s , 100 IHOP locations. In the news release, Dine Brands stated that 15 Applebee’s locations would close for good sometime in the fourth quarter of 2020. The company added that nearly 100 IHOP locations would be closing in the next six months.
$15.99 Advertised Steak & Lobster – Outback Steakhouse.
There is, however, a $4 delivery fee that does not include a tip for the driver. Outback Steakhouse’s employees (known as Outbackers) are the restaurant’s primary source of delivery . “This allows us to extend service to our guests whether they’re in the restaurant or dining at home,” Elizabeth says.
Starting at $15.99 , the Four-Course menu includes: First course – Choice of soup.
But Texas Roadhouse is valued at more than $3 billion, whereas Bloomin’ Brands and its entire portfolio of restaurants — Outback , Carrabba’s Italian Grill, Fleming’s Prime Steakhouse & Wine Bar and Bonefish Grill — is valued at well under $2 billion.
Such pressures have hurt Olive Garden parent Darden Restaurants Inc., DRI 0.73% which also owns Red Lobster and Outback competitor LongHorn Steakhouse .
Outback Steakhouse gift cards can be redeemed at any Bloomin’ Brands, Inc. restaurant including Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar in the United States. These gift cards never expire and no fees for non- use will ever be charged.