Liz Smith, chief executive officer of Outback parent company Bloomin' Brands, said Wednesday that the Tampa-based chain will move 10 to 20 restaurants this year, following the success of some recent relocations. On average, those restaurants saw a 40 percent boost in sales after relocating, partly due to the addition of lunch hours.

The changes will help the restaurant chain compete better in the fast-changing casual dining market, Smith said during a quarterly earnings call with analysts. Continue