Outback accelerates remodeling efforts, spending

OSI Restaurant Partners LLC, parent company to Outback Steakhouse, Carrabba’s and Bonefish Grill, among other chains, said it will accelerate its restaurant renovation program and capital spending for the rest of 2011, in an effort to drive sales.

Tampa, Fla.-based OSI plans to renovate as many as 175 Outback Steakhouse sites in 2011 after improving 84 in the first half of the year, Dirk Montgomery, OSI chief financial officer, told securities analysts during a second-quar

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