Outback Owner Bloomin' Brands Cooks Up Bigger Margins, Stronger Sales And A Higher Forecast
Bonefish Grill and Outback parent Bloomin' Brands beats Q2 expectations, driving a stock surge and raised full-year outlook.
Bloomin' Brands, which owns restaurants like Outback Steakhouse, made more money than people expected and said it will do even better for the rest of the year. When a company does really well and raises its predictions, that's a sign it's running smoothly and customers like coming back.
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