Why Bloomin' Brands Stock Was Down 11% Today
The news was just as good for the owner of the Outback Steakhouse chain when you compare the results with a more normal operating environment. Comparable-store sales were up 6% at Outback, compared to 2019, and rose 10% across its U.S. footprint. "Q3 represented another quarter of strong results," CEO David Deno said in a press release, "with significant sales, margin and earnings growth."