America's Biggest Steakhouse Chain Is Planning To Open Dozens of New Restaurants

Outback Steakhouse is reopening after a brief hiatus. Following a decade of store closures, the casual dining brand is on schedule to reopen new locations, according to CEO Dave Deno on an earnings call on Friday.

The expansion is being fueled by a new, more efficient restaurant model. Outback 2.0 will be 16 percent smaller than a conventional Outback Steakhouse, with a dedicated section for to-go orders and a "optimised" (smaller) dining room.

The new eateries will be introduced in Southern regions such as Florida and Texas, according to the chain.

He made a new design. Outback will also be more profitable than the original, costing roughly 20% less to construct.

In casual eating, smaller restaurants are becoming more frequent, with top brands like Applebee's, IHOP, and Panera all opening more simplified versions of their original designs in the last year.

Outback is also benefiting from a sustained increase in steak sales: the steak category of casual dining has been booming in recent months, with top chains reporting record sales.

Outback is no exception, with same-store sales increasing by more than 9% in the most recent quarter.

America's famous steakhouse is poised to maintain its expansion with a sleek new restaurant design.

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