Bloomin' Brands Stock Plunge: Is It Time to Buy?

Outback Steakhouse's parent company, Bloomin' Brands, saw shares plunge after a disappointing earnings forecast, overshadowing a revenue beat. Despite hitting one billion dollars in revenue for the quarter, a gloomy outlook sparked investor concern about the company's ability to compete in the restaurant industry. With shares already down significantly this year, and the restaurant sector facing pressure, investors are hesitant to buy into Bloomin' Brands' stock dip. Hosted on Acast. See acast.com/privacy for more information.