Why Is Bloomin' Brands Stock Trading Lower Friday? - Bloomin Brands (NASDAQ:BLMN)

Benzinga · Neeraj Jain ·

Bloomin' Brands stock fell Friday despite topping Q3 estimates. Weak traffic and a soft Q4 outlook weighed on investor sentiment.

Bloomin’ Brands Inc. (NASDAQ:BLMN) stock fell Friday despite the restaurant operator reporting better-than-expected third-quarter results and raising its full-year earnings outlook.

Declining customer traffic, weaker adjusted margins and a disappointing fourth-quarter forecast weighed on investor sentiment.

Bloomin’ Brands Beats Earnings Estimates

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