Better Buy: Starbucks vs. Bloomin' Brands
Starbucks (NASDAQ: SBUX) and Bloomin' Brands (NASDAQ: BLMN) navigated the height of the coronavirus crisis in a similar way: relying on takeout. Now, as both companies have begun opening their doors to customers, we'll all be watching the recovery process.
Image source: Starbucks.
Starbucks is a coffee shop giant, with operations worldwide and annual sales that have climbed for a decade. Bloomin' owns Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and other casual dining restaurants. Sales at Bloomin' had been on the decline for four years before showing a slight recovery last year.
Source Fool.com
