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Bloomin’ Brands CEO: Delivery could help sales and traffic

Company stock falls after earnings

Bloomin’ Brands Inc. stock fell 9 percent in early morning trading on Wednesday as the owner of Outback Steakhouse said same-store sales declined 0.3 percent at its four concepts.

Same-store sales increased 0.3 percent at Outback in the quarter ended June 25 despite what CEO Liz Smith said Wednesday was a “sequential increase in traffic” at the chain from the first quarter.

And Smith said she expects that to continue to improve. “We anticipate [traffic]

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