Bloomin' Brands, Inc. (NASDAQ:BLMN) shares are trading lower after the company reported second-quarter adjusted EPS of $0.51, missing the analyst consensus of $0.58. Quarterly sales of $1.12 billion marginally missed the street view of $1.13 billion, decreasing 2.9% Y/Y. Quarterly results were affected by lower comparable restaurant sales, the net impact of restaurant closures and openings, and the benefit from the Brazil value added tax exemptions during 2023. Adjusted operating margin contracted to 5.7% from 7.8%, and restaurant-level operating margin decreased to 14.3% from 16.4%. Dividend: On July 23, 2024, the Board of Directors declared a quarterly cash dividend of $0.24 per share, payable on Sept. 4, 2024, to stockholders of record as of ...