Shares of Bloomin’ Brands (NASDAQ:BLMN) erupted more than 13% after the company announced pickup orders had tripled amid the COVID-19 pandemic. Fundamental analysis: Carryout and delivery helping the company to survive Bloomin’ Brands, the parent company of a few US-based casual dining restaurant chains, said that pickup orders tripled amid the COVID-19 outbreak. The parent company of Outback Steakhouse and Carrabba’s Italian Grill reported a lower-than-expected earnings of $0.14 per share, missing the analysts’ forecast of $0.35 per share.  “From the time it started until today we’ve tripled our off-premise business, so that means carryout and delivery. That’ll really help

The post Bloomin’ Brands stock price skyrockets after pickup orders tripled appeared first on Invezz.