Bloomin' Brands Inc logo

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]

Register to view the full article

Register to view this article

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.