Are Lower Interest Rates the Right Bet on Bloomin' Brands Stock?

Bloomin' Brands Inc. BLMN is the parent company of a diverse group of restaurants, including Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar. I'll comment on the relevance of that later, but right now, growth is slowing to a crawl, and inflation is taking a bite out of the company's earnings. That's the takeaway from the company's second-quarter earnings report released on August 6, 2024. The company delivered revenue of $1.12 billion, which was only a ...