Real Estate

Bloomin’ Brands CEO says its beef, seafood costs are actually falling

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The CEO of Bloomin’ Brands, the parent company of restaurant chains such as Outback Steakhouse and Bonefish Grill, told CNBC on Friday that it is not experiencing rising food costs, rather that beef and seafood costs have “been an opportunity” during the pandemic. 

“There was some concern about the supply chain. That did not materialize like we expected,” Dave Deno said on “Closing Bell.” “We’re finding that beef costs, seafood costs are actually coming down and something that we can take advantage of.” 

The coronavirus pandemic has caused significant economic disruption, particularly for the food industry, as many restaurants and bars had to stop in-person dining and pieces of the…



Source cnbc.com

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