The worst is over for Bloomin’ Brands (NASDAQ: BLMN). The parent company of casual-dining chains like Outback Steakhouse and Bonefish Grill struggled when the coronavirus reached the Americas. Most of its restaurants are in the U.S., and restrictions for dining-room seating set its business back.
In its last reported quarter, Bloomin’ Brands was able to generate positive cash flow thanks to improving sales trends. We’ll look at how the company survived 2020. Additionally, we’ll see if investors should buy the stock now that the worst is over.