Why Bloomin' Brands Inc. Shares Served Up a Feast of Gains Todayhttp://www.fool.com/investing/general/2014/02/25/why-bloomin-brands-inc-shares-served-up-a-feast-of.aspx Alex Planes
February 25, 2014
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Bloomin' Brands Inc (NASDAQ: BLMN) finished the day with a 14% pop after the parent company of Outback Steakhouse, Bonefish Grill, and other well-known sit-down chains reported market-topping earnings for its fiscal fourth quarter.
So what: Bloomin's fourth-quarter revenue of $1.05 billion, of which $1.04 billion came from restaurant sales. Analysts were expecting $1.05 billion from restaurant operations, but were willing to ove