Bloomin' Brands (BLMN) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.29%. A quarter ago, it was expected that this owner of Outback Steakhouse and other casual dining spots would post earnings of $0.41 per share when it actually produced earnings of $0.44, delivering a surprise o ...

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin’ Brands, Inc. (Nasdaq: BLMN) today reported results for the fourth quarter 2023 (“Q4 2023”) and fiscal year ended December 31, 2023 (“Fiscal Year 2023”) compared to the fourth quarter 2022 (“Q4 2022”) and the fiscal year ended December 25, 2022 (“Fiscal Year 2022”). In 2023, the fourth quarter and fiscal year included an additional operating week (“53rd week”) compared to Fiscal Year 2022. CEO Comments “The fourth quarter was a good finish to 2023, especially the hol ...

Bloomin' Brands Announces 2023 Q4 Financial Results Q4 Diluted EPS of $0.45 and Q4 Adjusted Diluted EPS of $0.75 Announces $350 Million Share Repurchase Authorization Provides Full Year 2024 Financial Outlook "The fourth quarter was a good finish to 2023, especially the holiday season," said David Deno, CEO. "As we head into 2024, we remain focused on elevating the guest experience that in turn will drive sales and profit growth at Outback Steakhouse and all of our brands." ___________________ (1) See non-G ...

Wall Street analysts expect Bloomin' Brands (BLMN) to post quarterly earnings of $0.68 per share in its upcoming report, which indicates no change from the year-ago quarter. Revenues are expected to be $1.2 billion, up 9.2% from the year-ago quarter.Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this tim ...

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin’ Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal fourth quarter ended December 31, 2023, on Friday, February 23, 2024, at approximately 6:45 AM EST, which will be followed by a conference call to review its financial results at 8:00 AM EST the same day. The call will be webcast live from the Company’s website at http://www.bloominbrands.com under the Investors section. A replay of this webcast will be available on the Company’s website after the call. ...

JHVEPhoto/iStock Editorial via Getty Images Although on January 2, 2024, the company entered into a Cooperation Agreement with Starboard Value (“Starboard”), which I see as a very positive development, as of the close of trading on January 22, 2024, shares of Bloomin’ Brands (NASDAQ:BLMN) are down 6.5% this year. Last year, on Friday, August 18, Bloomin’ Brands stock jumped 8.7% following a report that Starboard accumulated 9.9% of the company’s shares. Being undervalued to start with, and now having Sta ...

Bloomin' Brands, Inc. (NASDAQ:BLMN) Q3 2023 Earnings Conference Call November 3, 2023 8:00 AM ET Company Participants Tara Kurian - Vice President, Corporate Finance and Investor Relations David Deno - Chief Executive Officer Chris Meyer - Executive Vice President and Chief Financial Officer Conference Call Participants Jeffrey Bernstein - Barclays Alex Slagle - Jefferies Sharon Zackfia - William Blair John Ivankoe - JPMorgan Jeff Farmer - Gordon Haskett Katherine Griffin - Bank of America Brian Vaccaro - R ...

22 Table of Contents BLOOMIN' BRANDS, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - Continued periods are not intended to express any future trends or indications of future performance, unless specifically expressed as such, and should only be viewed as historical data. Overview We are one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. As of September 24, 2023, we owned and operate ...

Bloomin' Brands, Inc. (NASDAQ:BLMN) Q2 2023 Earnings Call Transcript August 1, 2023 8:15 AM ET Company Participants Tara Kurian - VP, Corporate Finance David Deno - Chief Executive Officer Chris Meyer - Executive Vice President and Chief Financial Officer Conference Call Participants Jeffrey Bernstein - Barclays Alex Slagle - Jefferies John Ivankoe - JPMorgan Sharon Zackfia - William Blair Jeff Farmer - Gordon Haskett Sara Senatore - Bank of America Brian Harbour - Morgan Stanley Brian Vaccaro - Raymond Jam ...

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - Continued Recently Issued Financial Accounting Standards Item 3. Quantitative and Qualitative Disclosures about Market Risk Changes in Internal Control over Financial Reporting PART II: OTHER INFORMATION Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Share Repurchases - The following table provides information regarding our purchases of common stock during the thirteen weeks ended June 25, 2023: Tabl ...