BLMN - Bloomin' Brands Ready To Capitalize On Delivery Services
Introduction
Bloomin' Brands (BLMN) owns and operates four restaurant brands. These four brands are known as Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar. The company has a few franchisees, with the vast majority of restaurants company owned. Recently the company has been working on investing in and improving the customer experience and curb appeal of their restaurants.
Annual revenue has been declining slowly, but profitability has been improving, creating an interesting dichotomy between growth and value. U.S. comp sales have been increasing, as the company makes