BLMN News and Press, Bloomin' Brands Inc. From 03/24/20

Congress didn't pass its promised $1 trillion-plus Coronavirus relief package on Sunday -- or on Monday, either, for that matter. Legislators will try to get the job done today, with House Speaker Nancy Pelosi saying something could be passed "in the next few hours."   In theory at least...

Investors are reading the tea leaves to bet that the worst-case scenarios of extended shutdowns and shelter at home orders may be averted. More news on: Dave & Buster's Entertainment, Inc., Bloomin' Brands, Inc., Darden Restaurants, Inc., Consumer stocks news, Top stock market news, ...

The bouncy trading continues with restaurant stocks as companies in the sector continue to load up on cash to ride out the period of national closings. More news on: Red Robin Gourmet Burgers, Inc., Bloomin' Brands, Inc., Brinker International, Inc., Consumer stocks news, Stocks on the mov...

The owner of the Outback Steakhouse and Carrabba's Italian Grill casual dining brands, Bloomin' Brands (NASDAQ: BLMN) , announced the suspension of its quarterly dividend today, at least for the first quarter. The move comes as part of its response to the coronavirus pandemic, with the compan...

Bloomin' Brands (NASDAQ: BLMN ) says increased its cash reserves by drawing down substantially all of its revolving credit facility. The increased borrowings were taken as a precautionary measure to provide additional financial flexibility amid the coronavirus pandemic. More news on: ...

Company draws down revolving credit facility and withdraws financial guidance for 2020 Bloomin’ Brands, Inc. (Nasdaq: BLMN) today provided the following update in response to the COVID-19 outbreak: “The health and safety of our customers, team members and their famili...

Outback Steakhouse is offering free delivery services in select locations. Not to be outdone by Chipotle Mexican Grill (NYSE: CMG) in these coronavirus-burdened times, whose free delivery offer expires at the end of March, Outback's deal will run through the months of March and April. Out...

Investors are weeding through restaurant stocks to try to filter out the survivors from the chains that will have a hard time bouncing back from an extended period of low sales. More news on: J. Alexander's Holdings, Inc., Luckin Coffee Inc., Wingstop Inc., Consumer stocks news, Stocks on ...

Restaurant stocks are setting up for a down day after a wave of states (Ohio, Illinois, Washington and New York) suspend dine-in options and issue other restrictions as part of the effort to reduce the coronavirus outbreak. More news on: Darden Restaurants, Inc., Brinker International, Inc...

The losses in the restaurant sector continue to pile up as the latest coronavirus developments in the U.S. rattle investors. More news on: Dave & Buster's Entertainment, Inc., Red Robin Gourmet Burgers, Inc., Brinker International, Inc., Consumer stocks news, Stocks on the move Read...