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40 underperforming Bloomin' Brands restaurants set close

TAMPA, Fla. – Tampa-based "Bloomin' Brands" announced it's closing 40 "underperforming" restaurants in the coming fiscal year.

The restaurants include Carrabba's Italian Grill, Outback Steakhouse, Bonefish Grill and Fleming's Prime Steakhouse and Wine Bar.

The company already closed three locations in the fourth fiscal quarter of 2016, bringing the total number of closures to 43.

The company announced the closures the same day as its quarterly results.

It reported a net loss of more than $4 million -- compared with a profit of nearly $18 million during the same period a year ago.

Bloomin' Brands has more than 1,500 locations in the United States, Puerto Rico, Guam and about 20 other nations.

The company hasn't released a list of which locations it plans to close.


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