When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
BLMN - Why Bloomin' Brands Stock Was Down 11% Today
Bloomin' Brands Inc.
Bloomin' Brands (NASDAQ: BLMN) stock declined on Tuesday, falling 11% by 11 a.m EDT. The restaurant chain announced solid third-quarter earnings that nonetheless failed to impress Wall Street.
Image source: Getty Images.
Sales for the three-month period that ended in late September rose to just over $1 billion, compared to $771 million a year ago. That boost translates into a 31% spike year over year. The news was just as good for the owner of the Outback Steakhouse chain when you compare the results with a more normal operating environment.