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BLMN - Here's Why Bloomin' Brands Stock Popped on Friday
Bloomin' Brands Inc.
Shares of Bloomin' Brands(NASDAQ: BLMN) popped on Friday after the company provided a business update answering investors' questions regarding the ongoing impact of COVID-19. Shareholders hoping for good news are no doubt happy to hear that 92% of the company's restaurants have reopened dining rooms in some capacity.
Bloomin' Brands stock finished 7% higher for the day but still have a long way to go to fully recover. Shares are still down almost 50% in 2020.