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Bloomin' Brands Records $944 Million in Q3 Revenue and Pursues Turnaround Strategy

The Motley Fool · ·by G4L

BLMN
BLMN Bloomin Brands Inc
$10.23 +3.02%
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  1. 1Bloomin' Brands recorded total revenue of $944 million in the third quarter.
  2. 2Bloomin' Brands saw a 190bp increase in US comparable restaurant sales in the third quarter.
  3. 3Bloomin' Brands entered into a stalking horse agreement to acquire 61 restaurants.

So what's the key point?

Bloomin' Brands generated $944 million in revenue during the third quarter. US restaurant sales increased and the company signed a deal to acquire 61 restaurants.

Source The Motley Fool · View original ↗

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