Popular steakhouse and nationwide eatery, Outback Steakhouse, confirmed it will close dozens of locations over the next few years as part of an aggressive turnaround strategy.
Bloomin’ Brands, Inc., Outback’s parent company, revealed plans to close more than 40 restaurants as part of its efforts to strengthen the brand’s financial performance in a Q3 earnings report.
“I am excited to announce our turnaround strategy, with a focus on the Outback Steakhouse brand,” Mike Spanos, Bloomin’ Brands CEO, said in a statement.
” … We believe our strategic plan will drive long-term, sustainable and profitable growth.”
The company did not specify which restaurants it plans to close.
Outback closed 21 locations in 2025 and outlined plans to not renew an additional 22 locations to support its efforts.
The company said these decisions were made to streamline its restaurant portfolio and focus on higher‑performing units as part of a broader turnaround strategy.
Bloomin’ Brands said it took a $33.2 million hit this quarter to cover the costs and lost value associated with closing the restaurants.
As of December, Outback operates more than 650 locations across the U.S., including at least eight in Massachusetts, according to its website.
