TAMPA Fla. The hits just keep on coming for the casual-dining sector. Late Wednesday, OSI Restaurant Partners LLC, which operates the Outback Steakhouse chain and other brands, reported that sharply negative same-store sales, the current recession and reduced expectations for future earnings will lead the company to take a goodwill charge of as much as $540 million in its fourth quarter. Systemwide same-store sales for the quarter ended Dec. 31 fell 9.5 percent at Outback Steakhouse, ...
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Contact: Desiree Torres Desiree.Torres@penton.com