Mobile app, China are challenges
Brian Niccol steps in as CEO of Starbucks on Monday, taking over as the coffee giant’s sales slump and stock price falls. Starbucks tapped Niccol in August to take over …
Bloomin' Brands Inc
Chili’s sales boosted by TikTok, fast food rivalry
An ad campaign targeting fast-food chains and a TikTok-viral appetizer helped Chili’s same-store sales climb nearly 15% in its latest quarter. But Kevin Hochman, CEO of parent company Brinker International, …
Starboard urges GoDaddy to set ‘prudent’ guidance
The GoDaddy banner hangs outside of the New York Stock Exchange as the website hosting service makes its initial public offering (IPO) on April 1, 2015 in New York City. …
How Outback success in Brazil keeps Australian-style BBQ chain alive
Outback Steakhouse, renowned for its American twist on Australian-style barbecue, has found unexpected success in Brazil as its U.S. business stalls. The South American segment is responsible for an astonishing …
Activist Starboard has a variety of strategies to build value at Bloomin’ Brands
An Outback Steakhouse truck sits parked outside a restaurant in New York. Daniel Acker | Bloomberg | Getty Images Company: Bloomin’ Brands (BLMN) Business: Bloomin’ Brands owns and operates casual, …
Outback Steakhouse owner’s stock rises as activist buys stake
An Outback Steakhouse truck sits parked outside a restaurant in New York. Daniel Acker | Bloomberg | Getty Images Shares of Outback Steakhouse owner Bloomin’ Brands rose 9% in premarket …