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Business

Nabaparna Bhattacharya

Bloomin' Brands Restaurant Margin Squeeze & Guidance Cut Lowers Stock By 22%

BLMN Bloomin Brands Bloomin Brands Inc

Bloomin' Brands, Inc.

Bloomin’ Brands, Inc. (NASDAQ:BLMN) shares are trading lower on Wednesday.

The company reported second-quarter adjusted earnings per share of $0.33, beating the analyst consensus estimate of $0.27. Quarterly sales of $1.002 billion (+0.3% year over year) outpaced the Street view of $975.04 million.

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