OSI posts $500M net loss in 4Q on charges

TAMPA Fla. Outback Steakhouse parent OSI Restaurant Partners LLC reported Monday a fourth-quarter net loss of $506.4 million on a 10-percent drop in corporate revenue and millions in asset impairment charges for reduced goodwill and closed restaurants.

OSI, which operates or franchises 1,491 restaurants, booked a net loss of $23.5 million in the fourth quarter a year earlier.

The casual-dining company, which operates the 978-unit Outback

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