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Company touts new delivery deal and growth in Brazil
November 6, 2019
The big news out of Bloomin’ Brands third quarter earnings was its look toward strategic alternatives, including a possible sale, but the call also included analyses of the brand’s wins in delivery and international segments.
The brand, parent to Outback Steakhouse, Carrabba's Italian Kitchen, Bonefish Grill and Fleming's Prime Steakhouse & Wine Bar, believes its stock price doesn't reflect its value and is considering strategic alternatives in the best interest of shareholders.
For the third quarter, net income totaled $9.2 million, or 11 cents per share, up from $4.1 million, or 4 cents per share, in 2018. Revenue was $967.1 million, up from $965 Million. Total U.S. same-store sales fell 0.2%. Same-store sales rose slightly for Outback,...
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