fbpx
Connect with us

Outback parent company considers sale of Brazil business

February 18, 2020 - Tampa-based restaurant company Bloomin’ Brands is talking to interested parties about selling its business in Brazil, David Deno, CEO, said in a conference call Tuesday morning. Bloomin’ (Nasdaq: BLMN), the parent company of Outback Steakhouse and other brands, said last year it was evaluating strategic alternatives, including a possible sale of the company. Nothing compelling has materialized in terms of any sale of the entire company, although the review continues, Deno said. Bloomin’ reported $130.6 million in net income, or $1.45 a share, on $4.14 billion in total revenue in 2019, a news release said. For 2020 and 2021, the company expects cost savings of $40 million. It also plans to double its annual dividend from 40 cents a share to 80 cents a share.

More Zaps Frontpage

The St. Pete Catalyst

The Catalyst honors its name by aggregating & curating the sparks that propel the St Pete engine.  It is a modern news platform, powered by community sourced content and augmented with directed coverage.  Bring your news, your perspective and your spark to the St Pete Catalyst and take your seat at the table.

Email us: spark@stpetecatalyst.com

Subscribe for Free

Share with friend

Please enter email address you want to share this article with