Earnings ·
Bloomin' Brands reports Q3 diluted loss of $0.02 per share, raises full-year EPS guidance to $1.06-$1.11
BLMNBloomin' Brands, Inc.
Bloomin’ Brands reported a third-quarter diluted loss of $0.02 per share and an adjusted loss of $0.17 per share on revenues of $944.3 million, up 1.7% year-over-year. The company raised its full-year diluted earnings per share guidance to $1.06–$1.11 from the previous range of $0.85–$0.95, citing improved restaurant-level operating margins and lower impairment costs. Comparable U.S. restaurant sales increased 1.9%, driven by higher average checks and productivity initiatives. Bloomin’ Brands operates a portfolio of full-service dining concepts including Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar.