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November 2, 2021
Outback Steakhouse parent Bloomin’ Brands Inc. held on to off-premises sales while continuing see in-store dining increase in the third quarter, the company said Tuesday.
Executives for the Tampa, Fla.-based casual-dining company, which also owns the Carrabba’s Italian Grill, Bonefish Grill and Flemings Prime Steakhouse & Wine Bar concepts, also said they were working on smaller prototype Outback that would be introduced in 2022.
The off-premises business “has proven be very sticky even as in restaurant volume improved in Q3,” said Christopher Meyer, Bloomin’ chief financial officer, in a third-quarter earnings call. “Off-premises represented 27% of U.S. sales, which was only slightly down from 28% in Q2. Off-premises revenues were 29% of ...
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