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Bloomin Brands Stock Drops 18% On Decline In Q4 Revenue, Income

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Bloomin' Brands, Inc. (BLMN) is down 17.18 percent, falling $2.10 to trade at $9.85 during Wednesday's trading, after reporting a decline in fourth-quarter financials.

The stock opened at $11.27 and has traded between $9.62 and $11.65 today. Volume has climbed to 3.02 million shares, surpassing its average of 1.76 million.

BLMN's 52-week range is $9.62 to $30.13.

Total revenue for the fourth quarter dropped to $972 million from $1.07 billion, while net income from continuing operations fell to $12.6 million from $38 million.

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