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Bloomin’ Brands, Inc. (NASDAQ:BLMN) shares surged on Wednesday after the restaurant operator posted stronger-than-expected quarterly results and issued upbeat second-quarter earnings guidance.
The company pointed to improving performance at Outback Steakhouse as pricing actions, operational initiatives and higher guest spending helped support margins and sales growth.
• BMLN shares are consolidating. Where is BMLN stock headed?
Quarterly Details
The company reported first-quarter adjusted earnings per share of 67 cents, beating the analyst consensus estimate of 57 cents.
Quarterly sales of $1.059 billion (+1% year …
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