-
Posted by
Two Blokes May 12 -
Filed in
Stock
-
6 views
Bloomin' Brands stock fell over 8% despite beating EPS and revenue estimates due to weak Q2 guidance and declining same-store sales. Outback Steakhouse's performance is crucial for Bloomin's recovery, but it continues to struggle with negative same-store sales and losing market share. Management's value strategies, including menu cuts and promotions, haven't improved sales, leading to a cautious 'Hold' rating with a price target of $7–$8.
