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Beef Bits

Feb 28, 2005
Outback growth flattens Outback Steakhouse Inc., which missed fourth-quarter earnings expectations, forecast relatively modest guest count gains this year at its flagship steakhouse brand. The company said traffic should be “flat to up a little bit” given “tough” competition and selective menu price increases, in part to offset higher beef and minimum wage rates. Beef costs will be up about 3 percent from last year. Outback plans to raise menu...

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