BLMN - Bloomin' Brands Sees Big Jump in Takeout and Delivery Amid COVID-19 Crisis
Outback Steakhouse and Carrabba's Italian Grill parent Bloomin' Brands (NASDAQ: BLMN) is seeing a small positive trend amid the novel coronavirus crisis. In an interview with Tampa Business Journal, the Tampa-based restaurant chain's CEO noted that the company was focusing on takeout and delivery operations anyhow.
The virus crisis actually accelerated Bloomin's established focus on growing the takeout and delivery business. CEO David Deno reminded Tampa Business Journal that his seven years of executive-level experience at Yum! Brands prepared him for this type of situation.
"I was at Pizza Hut for many years, and we never could quite figure out why, but we were happy that other restaurants didn't offer delivery, but now customers realize that you can get more than just pizza delivered to your home," Deno said.