Bloomin Brands Inc


BLMN

Price

23.45


Change

-0.01


High

NA


Low

NA


Avg Volume

1,420,163


PE Ratio

19.38


52 Week High

32.81


52 Week Low

13.66



Profile

Bloomin' Brands, Inc. is a restaurant holding company that owns several American casual dining restaurant chains. The company was established in 1988 in Tampa, Florida, where it is headquartered. The company was founded in August 1988 as Multi-Venture Partners, Inc. in Florida by Tim Gannon, Bob Basham, and Chris Sullivan. In 1988 the first Outback Steakhouse was opened in Tampa, Florida. The company went public in 1991 as a 49-restaurant chain and changed its name to Outback Steakhouse, Inc. The Carrabba's Italian Grill was launched in 1993. The company's international expansion began with the first Outback Steakhouse to open in Canada. Revenues for the company exceed $1 billion for the first time. In 1998 the first units of Roy's Restaurant, Fleming's Prime Steakhouse & Wine Bar, and Lee Roy Selmon's open. Cheeseburger in Paradise was launched several years later in 2002. The Wall Street Journal reported on November 7, 2006, that Bain Capital, Catterton Partners and founders Sullivan, Basham, and Gannon , had reached an agreement to buy OSI Restaurant Partners Inc. for about $3 billion. On April 1, 2019 David Deno became Bloomin' Brands new CEO replacing Elizabeth Smith


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