Outback Parent Company Sees Great Promise In Off-Premise Sales

Bloomin' Brands, parent company of Outback, Carrabba's, Bonefish, and a handful of other brands that activist investors want the company to sell off, sees a bright future in the company's delivery, take out, and catering business. Bloomin' Brands CEO Elizabeth Smith affirmed on the company's third-quarter earnings call today that the team is confident that off-premise sales will eventually reach 25 to 30 percent of total sales. The business currently accounts for 13 percent of overall sales. "We are very excited about our progress and the incremental opportunity it represen