Outback Steakhouse Parent's Stock Tumbles 11% After Higher Costs Hit 2022 Forecast - NewsBreak

Shares of Bloomin' Brands tumbled 11% Tuesday after the company said it's expecting an additional $170 million in costs next year due to inflation. Bloomin' is forecasting commodity prices will rise 10% in 2022. The company said it will hike menu prices by 3% in November to help offset...