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0.00120918984280551 -0.00060459492140254 -0.00538089480048359 -0.0108827085852479 -0.015719467956469 0.00423216444981864 0.0169407496977026 0.00707376058041118
Stock impact report

Outback Steakhouse parent Bloomin' Brands says it has not furloughed or laid off any staff during COVID-19 [MarketWatch]

Bloomin' Brands, Inc. (BLMN) 
Last bloomin' brands, inc. earnings: 2/18 07:00 am Check Earnings Report
Company Research Source: MarketWatch
Outback Steakhouse parent Bloomin' Brands Inc. said Thursday it has not terminated or furloughed any workers during the COVID-19 pandemic and has continued to pay hourly workers and offer them free meals. "We hope to be able to continue providing these benefits and will reassess our ability to do so every two weeks," Chief Executive David Deno said in a statement. "In addition, I have suspended my salary, and the Board of Directors has suspended their cash retainers." The company, which also operates Carrabba's Italian Grill, Bonefish Grill and Fleming's Prime Steakhouse and Wine Bar, said it has grown sales each week since pivoting to off-premise sales only on March 20. It has stopped all non-essential spending, cut marketing costs and deferred nearly all capital spending. "These efforts have allowed us to minimize our ongoing cash burn, and we are confident about our ability to navigate the current environment," said Deno. Combined U.S. same-restaurant sales fell 10.4% in the first Show less Read more
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