Barington wants more sizzle in Bloomin' Brands steakhouses [Reuters (UK)]
Bloomin' Brands, Inc. (BLMN)
Last bloomin' brands, inc. earnings: 2/18 07:00 am
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Source: Reuters
Barington wants more sizzle in Bloomin' Brands steakhouses | Reuters 3 Min Read BOSTON (Reuters) - Activist investor Barington Capital is pushing restaurant group Bloomin’ Brands Inc. to spin off three smaller brands into a new company, cut costs and improve diners’ experiences to boost a flagging share price which it believes could double. In a letter to Bloomin’ Brands Chairman and Chief Executive Officer Elizabeth Smith, the hedge fund urged the company to spin off Bonefish Grill, Carrabbas and Flemings into a separate company and run Outback Steakhouse independently. There is little overlap between Bonefish Grill, an upscale casual seafood chain, Flemings, an upscale steakhouse chain and Outback, a more casual steakhouse chain, said the hedge fund, which scored a big payday by investing in Darden Restaurants five years ago. It blamed Bloomin’s centralized structure and high costs for its recent sluggish stock price performance. “Bloomin’ has the potential to significantly improve
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News
- Bloomin' Brands, Inc. to Host Fiscal 2024 First Quarter Earnings Conference Call at 8:00 AM EDT on May 7, 2024 [Yahoo! Finance]Yahoo! Finance
- Bloomin’ Brands, Inc. to Host Fiscal 2024 First Quarter Earnings Conference Call at 8:00 AM EDT on May 7, 2024Business Wire
- Hedge fund Barington urges Paramount to scrap talks with Skydance [Yahoo! Finance]Yahoo! Finance
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- Boy, 12, taken to hospital after he was mistakenly served alcohol at Outback Steakhouse [FOX Business Network]FOX Business Network
BLMN
Earnings
- 2/23/24 - Beat
BLMN
Sec Filings
- 4/4/24 - Form 8-K
- 3/25/24 - Form DEFA14A
- 3/8/24 - Form 8-K
- BLMN's page on the SEC website