Bloomin’ Brands Going Back to Basics at Outback Steakhouse

Bloomin' Brands is betting a back-to-basics approach at Outback Steakhouse can jump-start growth after years of uneven performance.

The restaurant operator, which also owns Carrabba's Italian Grill and Bonefish Grill, said overly complex menus and a heavy reliance on limited-time offers had led to inconsistent food quality and a weaker perception of value among guests.

"We had drifted away from making decisions centered on the guest experience," Chief Executive Mike Spanos said Thursday on a call with analysts. "Solving these challenges, especially...

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