Bloomin’ Brands 1Q net income rises 13%

Bloomin’ Brands 1Q net income rises 13%

Same-store sales increase at all five of casual-dining operator’s brands

Bloomin’ Brands Inc. reported Tuesday a 12.7-percent increase in net income during the first quarter ended March 30, as productivity initiatives and strong sales, particularly at Outback Steakhouse, offset rising food costs.

Net income for the quarter was $62.1 million, or 48 cents per share, rising from $55.1 million, or from 43 cents per share, in the same period a year ago.

“The first quarter was a strong start to the year,” Bloomin’ Brands CEO Liz Smith said in a s

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