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Bloomin Brands shared its third-quarter sales of $944 million, showing a small rise from last year.

ResultsRead the original at Benzinga
Neutral

Q3 sales rose slightly, but traffic fell 1.8%, and both measures trailed the industry. The combination does not clearly change Bloomin Brands' outlook.

BLMN · Bloomin Brands

AI read · Neutral

The AI's read

Customers spent more per visit, but fewer came in, so sales growth did not come with stronger traffic. Management said both sales and traffic trailed the industry, even as Outback guest scores improved for a fifth straight quarter. Out West's 61 restaurants remain open, but Bloomin Brands' purchase offer is not yet accepted, so its result is still unknown.

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