Outback parent takes a beating in 4Q

Outback parent takes a beating in 4Q

TAMPA Fla. The hits just keep on coming for the casual-dining sector.

Late Wednesday, OSI Restaurant Partners LLC, which operates the Outback Steakhouse chain and other brands, reported that sharply negative same-store sales, the current recession and reduced expectations for future earnings will lead the company to take a goodwill charge of as much as $540 million in its fourth quarter.

Systemwide same-store sales for the quarter ended Dec.

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