Bloomin’ Brands Implements Turnaround Strategy Amid Quarterly Loss

Bloomin’ Brands BLMN 4.93%increase; green up pointing triangle will implement a turnaround strategy, with a key focus on its Outback Steakhouse banner, as it aims to drive long-term sustainable and profitable growth.

Under the new strategy, the company, which also owns Carrabba’s Italian Grill and Bonefish Grill, said Thursday it will increase focus on the guest experience, expand brand reach to grow traffic and refresh its existing portfolio of restaurants.