Bloomin' Brands Is Now A Potential Turnaround Stock

2025-12-16 02:00:56 ET

The last time I wrote about Bloomin ' Brands ( BLMN ), I explained why it was likely to cut its dividend. It couldn 't afford to pay the dividend, and it was using the cash from selling its restaurants in Brazil to cover the dividend payments. Now, the dividend is gone for the time being, so Bloomin ' Brands can focus on fixing its flagship restaurant, Outback Steakhouse. So, this is an opportunity to invest in a turnaround if the company 's strategy succeeds. There are now early signs that the turnaround strategy is working, such as incremental comps growth. But it might still be too early to invest here....

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