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The post-pandemic pent-up demand generated travel boom may be starting to normalize based on recent data from the airlines. Airlines have cut forecasts but insist demand is still there.
TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal third quarter ended September 24, 2023, on Friday, November 3, 2023, at approximately 6:45 AM EDT, which will be followed by a conference call to review its financial results at 8:00 AM EDT the same day. The call will be webcast live from the Company's website at http://www.bloominbrands.com under the Investors section. A replay of this webcast will be available on the Company's website after.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Restaurant stocks corrected over the summer due to tepid guidance, setting up a new opportunity for income investors. The guidance calls for growth but slowing growth to be offset by wider margins.
Brian Vaccaro, restaurant analyst at Raymond James, joins 'The Exchange' to discuss signs of a decline in dining out, breakfast restaurants gaining share from other parts of the restaurant business, and more.
Bloomin' Brands is a casual dining restaurant chain that has made changes and improvements during the pandemic. BLMN's valuation is still attractive compared to peers in the industry. Short-term uncertainties, such as modest SSS growth and the Brazil VAT tax, may cause stock price volatility.
In a country known for its rich barbecue culture, Outback Steakhouse in Brazil has experienced surprising success.
The firm could turn to its value-building playbook for restaurants in this latest engagement with Bloomin' Brands.
Andy Barish, Jefferies managing director, joins 'The Exchange' to discuss consumer spending in the restaurant sector.
Barclays analysts report a four-year high for activist investor campaigns in the first half of the year, hedge fund Starboard Value is on the move with a new campaign targeting Outback Steakhouse-parent company Bloomin' Brands (BLMN). Yahoo Finance Executive Editor Brian Sozzi and anchors Julie Hyman, Rachelle Akuffo, and Brad Smith discuss.