May 8, 07:04 PM

Bloomin' Brands and Dine Brands Face Consumer Pressures, Stock Decline in Q1 Amidst Price-Sensitive Consumers

Bloomin' Brands, the parent company of Outback Steakhouse, faces consumer pressures as it focuses on increasing traffic at its steakhouse and Carrabba’s Italian Grill. Dine Brands, the parent company of Applebee's and IHOP, experiences stock decline due to profit and sales miss attributed to price-sensitive consumers in Q1. Dine Brands CEO John Peyton acknowledges consumer shift towards lower-priced items but remains confident in the brands' promotional strategy, aiming to attract fast-food customers with deals amidst tough industry competition.

#Outback Steakhouse #Dine Brands #IHOP #John Peyton

Written with ChatGPT (GPT-3).