Bloomin’ Brands chief executive officer Mike Spanos laid out a turnaround plan for the company’s flagship concept, Outback Steakhouse, on Thursday before market as he discussed third-quarter earnings.
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 ...