TAMPA Fla. OSI Restaurant Partners LLC reduced its third-quarter loss by nearly a half from the same quarter last year and said that lower-priced deals at its Outback Steakhouse chain were attracting more customers. OSI reported a loss of $20.2 million for the quarter ended Sept. 30, compared with a loss of $46.6 million in the same quarter a year ago. Latest-quarter revenue fell 11.3 percent to $841.8 million. OSI operates or franchises 1,478 restaurants under the Outback ...
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Contact: Desiree Torres Desiree.Torres@penton.com