Business
Outback Steakhouse Stock Soars 40% As Diners Fork Over More For Dishes
Shares of Bloomin’ Brands (BLMN) soared more than 40% Wednesday on a bullish earnings report that showed diners are willing to pay more. The parent of Outback Steakhouse and other restaurants raised its full-year guidance. Second-quarter earnings climbed 18% to 39 cents a share on an adjusted basis. Sales rose 1% to $1.015 billion. EPS handily beat the consensus FactSet…
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