Outback Steakhouse’s parent company abruptly closed 21 restaurants in October as it begins a “comprehensive turnaround strategy” to keep up with its trendier competitors.
Bloomin’ Brands, Outback’s parent company, disclosed in its earnings report Thursday that in addition to those closures, an additional 22 locations across its three brands — which also includes Carrabba’s Italian Grill and Bonefish Grill — will not have their leases renewed and will shutter over the next four years. Advertisement
A company spokesperson wouldn’t reveal how many Outback locations it specifically closed.
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 m

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