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Outback Steakhouse Inc

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BUSINESS
January 10, 2001 | Reuters
Outback Steakhouse Inc. said analysts' expectations for the quarter ended Dec. 30 should be lowered by 15% to 18%, citing lower-than-expected sales, higher labor and utility costs and start-up costs associated with new restaurant formats. The Tampa, Fla.-based company said the benefit of more favorable Christmas-related trading days, which resulted in an increase of about 1.5% in December sales, was offset by severe weather in the Northeast and central United States.
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BUSINESS
November 7, 2006 | From the Associated Press
OSI Restaurant Partners Inc., which operates Outback Steakhouse among its handful of restaurant brands, announced Monday that it had agreed to be acquired by a private investor group for about $3 billion. The acquisition by Bain Capital Partners, Catterton Partners and company founders is pending shareholders' approval. In addition to the $40-a-share acquisition price, the investors have agreed to take on debt of about $185 million.
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BUSINESS
January 21, 1999 | JAMES F. PELTZ
The marketing theme at Outback Steakhouse Inc. is all things Australian. Even its ticker symbol is OSSI. But in recent years, "down under" applied too often to the stock's price as it lagged both its mates and the market overall. Not so lately. Outback's shares, boosted by steady gains in the company's performance, are up 39% since early October and are well ahead of the broader market.
BUSINESS
January 10, 2001 | Reuters
Outback Steakhouse Inc. said analysts' expectations for the quarter ended Dec. 30 should be lowered by 15% to 18%, citing lower-than-expected sales, higher labor and utility costs and start-up costs associated with new restaurant formats. The Tampa, Fla.-based company said the benefit of more favorable Christmas-related trading days, which resulted in an increase of about 1.5% in December sales, was offset by severe weather in the Northeast and central United States.
BUSINESS
November 7, 2006 | From the Associated Press
OSI Restaurant Partners Inc., which operates Outback Steakhouse among its handful of restaurant brands, announced Monday that it had agreed to be acquired by a private investor group for about $3 billion. The acquisition by Bain Capital Partners, Catterton Partners and company founders is pending shareholders' approval. In addition to the $40-a-share acquisition price, the investors have agreed to take on debt of about $185 million.
BUSINESS
August 4, 2004
* Outback Steakhouse Inc. said a Bankruptcy Court had approved its bid to acquire property rights of Irvine-based Prandium Inc.'s Chi-Chi's chain for $42.5 million. * Discount retailer Kohl's Corp. said it planned to open 11 more stores in Northern California by October. * Wal-Mart Stores Inc. said it would delay building an Atlanta-area Supercenter while considering residents' concerns about the development. * A judge approved the sale by Spiegel Inc.
BUSINESS
December 30, 2004 | From Reuters
The maker of a new corking technology is suing Constellation Brands Inc. unit Robert Mondavi, alleging that the winemaker backed out of a deal to use the closure system on its wines. Gardner Technologies is "facing financial ruin" because Mondavi abandoned an exclusive program to supply customers such as Whole Foods Market Inc. and Outback Steakhouse Inc. with wines using Gardner's MetaCork technology for a test period of several months, according to court papers filed this month. Napa, Calif.
BUSINESS
December 7, 2001 | MARC BALLON, TIMES STAFF WRITER
CKE Restaurants Inc. slashed its losses for the third quarter and predicted Thursday that it will return to profitability early next year, underscoring rising optimism about the restaurant industry. The stock lost ground Thursday after the announcement, but has still more than tripled this year. Earlier this week, the shares hit a 52-week high, a peak also achieved by several other restaurant chains amid projections of an economic recovery by midyear.
BUSINESS
January 14, 2004 | From Reuters
Investor concerns that consumers would shun beef after last month's discovery of the first U.S. case of mad cow disease appear to have evaporated as shares of steakhouses and hamburger chains have snapped back to their previous levels. In the days after the Dec. 23 announcement, restaurant stocks fell hard on fears that meat from a cow with the deadly brain-wasting disease, formally known as bovine spongiform encephalopathy, had entered the food chain.
BUSINESS
February 5, 2005 | Julie Tamaki, Times Staff Writer
More than a dozen restaurant companies, including Cheesecake Factory Inc. and P.F. Chang's China Bistro Inc., have settled a lawsuit with the state attorney general by agreeing to warn their California customers of potential mercury exposure from fish, officials said Friday.
BUSINESS
January 21, 1999 | JAMES F. PELTZ
The marketing theme at Outback Steakhouse Inc. is all things Australian. Even its ticker symbol is OSSI. But in recent years, "down under" applied too often to the stock's price as it lagged both its mates and the market overall. Not so lately. Outback's shares, boosted by steady gains in the company's performance, are up 39% since early October and are well ahead of the broader market.
BUSINESS
December 30, 2003 | From Reuters and Bloomberg News
Cattle prices fell sharply Monday for a third consecutive trading session as fallout from the first U.S. case of "mad cow" disease continued to roil the $27-billion cattle industry. At the Chicago Mercantile Exchange, cattle contracts for delivery in December through April all fell 5 cents per pound -- the expanded daily trading limit. February cattle closed at 81.175 cents, down more than 10% since U.S. officials announced Dec. 23 the diagnosis of deadly "mad cow" disease in a 6 1/2-year-old Holstein dairy cow in Mabton, Wash.
BUSINESS
May 21, 2003 | From Associated Press and Bloomberg News
Shares of big U.S. hamburger chains, other restaurant operators and meat processor Tyson Foods Inc. tumbled Tuesday after the disclosure of the first case of "mad-cow" disease in Canada in a decade. At the same time, shares of Hercules, Calif.-based Bio-Rad Laboratories Inc. -- which sells veterinary test kits for the disease -- soared to a record high. Investors, fearful that consumers will shy away from eating beef because of the report, sent McDonald's Corp. shares down $1.21, or 6.
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