Restaurant Earnings: Bloomin' Brands and Sweetgreen Face Challenges

Reported 16 days ago

Bloomin' Brands, known for its chains like Outback Steakhouse, is experiencing a decline in share prices after revising its 2024 financial outlook downward. Meanwhile, Sweetgreen reported lower third-quarter earnings than expected, impacted by rising costs but achieved a 6% increase in same-store sales year-over-year.

Source: YAHOO

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