Starboard Value

Bloomin' Brands, Inc. is a prominent casual dining restaurant company that operates a diverse portfolio of dining concepts, including Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar. The company manages both company-owned and franchised restaurants, with a significant presence in the United States, where it operates over 1,500 locations across 48 states, as well as in Puerto Rico, Guam, and 21 other countries. The U.S. segment constitutes the majority of its revenue, while international operations include company-owned locations in Brazil and South Korea, along with various franchised establishments primarily in Asia. Founded in 2006 and headquartered in Tampa, Florida, Bloomin' Brands employs approximately 91,000 team members, making it one of the largest companies in the casual dining sector.