Bloomin' Brands' New CEO Calls Out Two Untapped Areas for Growth -- Market Talk

Dow Jones

2024/11/09

1352 ET - In his first quarterly report since he became CEO, Bloomin' Brands' Mike Spanos says his initial evaluation of the company's portfolio revealed two primary, scalable areas for growth. The first is Outback Steakhouse, which is currently experiencing falling same-store sales and traffic, and losing share in the steak category. The company aims to turn around these trends by improving the guest experience, simplifying menus and rethinking positioning, he says on a call with analysts. The second is Carrabba's, which Spanos says is posting steady traffic and same-store sales but will look to find white spaces, or areas in which it can expand existing operations to increase sales. Bloomin' will share a "meaningful update" on its growth strategy on its February earnings call after completing planning efforts later this year, he adds. (connor.hart@wsj.com)

(END) Dow Jones Newswires

November 08, 2024 13:52 ET (18:52 GMT)

应版权方要求，你需要登录查看该内容

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2482439244"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2482439244\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2482439244?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-09 02:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2482439244","market":"other","top_or_hot":-1,"title":"Bloomin' Brands' New CEO Calls Out Two Untapped Areas for Growth -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1352 ET - In his first quarterly report since he became CEO, Bloomin' Brands' Mike Spanos says his initial evaluation of the company's portfolio revealed two primary, scalable areas for growth. The first is Outback Steakhouse, which is currently experiencing falling same-store sales and traffic, and losing share in the steak category. The company aims to turn around these trends by improving the guest experience, simplifying menus and rethinking positioning, he says on a call with analysts. The second is Carrabba's, which Spanos says is posting steady traffic and same-store sales but will look to find white spaces, or areas in which it can expand existing operations to increase sales. Bloomin' will share a \"meaningful update\" on its growth strategy on its February earnings call after completing planning efforts later this year, he adds. (connor.hart@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 08, 2024 13:52 ET (18:52 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bloomin' Brands' New CEO Calls Out Two Untapped Areas for Growth -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBloomin' Brands' New CEO Calls Out Two Untapped Areas for Growth -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-09 02:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1352 ET - In his first quarterly report since he became CEO, Bloomin' Brands' Mike Spanos says his initial evaluation of the company's portfolio revealed two primary, scalable areas for growth. The first is Outback Steakhouse, which is currently experiencing falling same-store sales and traffic, and losing share in the steak category. The company aims to turn around these trends by improving the guest experience, simplifying menus and rethinking positioning, he says on a call with analysts. The second is Carrabba's, which Spanos says is posting steady traffic and same-store sales but will look to find white spaces, or areas in which it can expand existing operations to increase sales. Bloomin' will share a \"meaningful update\" on its growth strategy on its February earnings call after completing planning efforts later this year, he adds. (connor.hart@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 08, 2024 13:52 ET (18:52 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4209","symbol_name":"餐馆","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2482439244","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482439244","pubTimestamp":1731091920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1352 ET - In his first quarterly report since he became CEO, Bloomin' Brands' Mike Spanos says his initial evaluation of the company's portfolio revealed two primary, scalable areas for growth. The first is Outback Steakhouse, which is currently experiencing falling same-store sales and traffic, and losing share in the steak category. The company aims to turn around these trends by improving the guest experience, simplifying menus and rethinking positioning, he says on a call with analysts. The second is Carrabba's, which Spanos says is posting steady traffic and same-store sales but will look to find white spaces, or areas in which it can expand existing operations to increase sales. Bloomin' will share a \"meaningful update\" on its growth strategy on its February earnings call after completing planning efforts later this year, he adds. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4209":"餐馆","BLMN":"Bloomin' Brands"},"translate_title":"Bloomin'Brands'新任首席执行官指出了两个未开发的增长领域——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLMN":1},"content_text":"1352 ET - In his first quarterly report since he became CEO, Bloomin' Brands' Mike Spanos says his initial evaluation of the company's portfolio revealed two primary, scalable areas for growth. The first is Outback Steakhouse, which is currently experiencing falling same-store sales and traffic, and losing share in the steak category. The company aims to turn around these trends by improving the guest experience, simplifying menus and rethinking positioning, he says on a call with analysts. The second is Carrabba's, which Spanos says is posting steady traffic and same-store sales but will look to find white spaces, or areas in which it can expand existing operations to increase sales. Bloomin' will share a \"meaningful update\" on its growth strategy on its February earnings call after completing planning efforts later this year, he adds. (connor.hart@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  November 08, 2024 13:52 ET (18:52 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}