OSI sees positive sales continue in 3Q

Company plans to ramp up renovations at Outback

OSI Restaurant Partners LLC said menu changes and promotions drove positive sales and traffic in the third quarter at all four of its major restaurant chains, including Outback Steakhouse.

Chief financial officer Dirk Montgomery told investors in a conference call Friday that OSI is ramping up renovations at its flagship brand, with plans to remodel 400 Outback locations in the next two to three years.

Increased restaurant sales and lower impairment charge

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