Bloomin’ Brands Inc., parent to the Outback Steakhouse and Carrabba’s Italian Grill chains, downgraded expectations for the year Tuesday after reporting disappointing second-quarter results that reflected declining dinner traffic. Macroeconomic headwinds in Korea, one of Outback’s largest international markets, also took a toll during the quarter. However, the casual-dining steakhouse is going strong in Brazil, where the company plans to start building sister brand ...

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