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Outback Steakhouse Closes Locations Amid Sales Decline

11/1/2025

43 7 Full Breakdown

Summary

Story summary

Outback Steakhouse is closing multiple U.S. locations due to declining sales, following a Bloomin’ Brands review of sales and traffic.
The closures follow fierce competition from Texas Roadhouse and LongHorn, which price lower and offer simpler menus.
The chain shutters long-standing locations in Florida, Alabama, New York, Louisiana, Maryland, and Wisconsin.
Outback’s stock has fallen over 70% as Bloomin’ Brands seeks to revitalize the brand.

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Story summary

Outback Steakhouse is closing multiple U.S. locations due to declining sales, following a Bloomin’ Brands review of sales and traffic.
The closures follow fierce competition from Texas Roadhouse and LongHorn, which price lower and offer simpler menus.
The chain shutters long-standing locations in Florida, Alabama, New York, Louisiana, Maryland, and Wisconsin.
Outback’s stock has fallen over 70% as Bloomin’ Brands seeks to revitalize the brand.