Bloomin' Brands Surges on Analyst Upgrade, But Profit Worries Linger
Update: 2025-12-17
Description
Bloomin Brands, parent of Outback Steakhouse, saw a stock surge after Freedom Capital Markets Buy rating, predicting a 43% increase. New leadership and sales initiatives are driving optimism, but shares cooled after an initial spike. Despite steady revenue, higher expenses led to a profitability hit, causing a drop in earnings guidance and a projected third-quarter loss. Shares have been volatile, trading well below their 52-week high, with a $1000 investment from five years ago now worth less than $400.
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