Bloomin' Brands is accelerating Outback remodels to improve guest experiences and traffic, with 300 locations still needing upgrades and potential gains ahead.
Outback Steakhouse's parent company saw stock prices fall 24.8% in September 2026. The decline came in three stages, all more closely based on macroeconomic trends than company-specific news.
Investors interested in Retail - Restaurants stocks are likely familiar with Bloomin' Brands (BLMN) and Cava Group (CAVA). But which of these two stocks is more attractive to value investors?
TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today announced that it and its wholly-owned subsidiary, OSI Restaurant Partners, LLC, have amended and restated their revolving credit facility to extend its maturity date to September 25, 2031. The amount of the lender commitments under the $1.2 billion facility and the interest rate elections and spreads remained substantially unchanged, and the transaction is leverage neutral. Other than the addition of a new senior secured.
Markets opened Tuesday on edge as surging oil prices, climbing Treasury yields, and a rejected Iran ceasefire rattled traders heading into the final stretch of Q3. Find out which major names on Wall Street got upgraded, downgraded, or freshly initiated before the opening bell.
Bloomin' Brands (BLMN) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.