For restaurant firm, shutdown cuts revenues like a steak knife

Outback Steakhouse's Tampa-based parent company, Bloomin' Brands, details the harsh toll COVID-19 has taken on its finances.

  • By Business Observer Staff
  • | 6:00 a.m. May 15, 2020
Bloomin' Brands, parent company of Outback Steakhouse, has suffered mightily during the COVID-19 shutdown. Courtesy photo.
Bloomin' Brands, parent company of Outback Steakhouse, has suffered mightily during the COVID-19 shutdown. Courtesy photo.
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Bloomin’ Brands, the Tampa-based company that owns Outback Steakhouse and several other fast-casual restaurant brands, has sustained heavy losses during the COVID-19 crisis. On May 4, CEO David Deno provided an unvarnished look at the extent to which the $4 billion company sales have suffered as a result of the coronavirus pandemic. 

 

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