earnings
confidence high
sentiment neutral
materiality 0.75
Bloomin' Brands Q2 adj. EPS $0.68 vs $0.81; revenue up 4.4%; raises FY revenue outlook
Bloomin' Brands, Inc.
2022-Q2 EPS reported
$0.12
revenue$2,265,697,000
- Q2 revenue $1,125.2M (+4.4% YoY); GAAP diluted EPS -$0.72 on $125M convertible note repurchase; adj. EPS $0.68.
- Restaurant-level margin fell to 15.5% from 20.3% due to commodity inflation; U.S. comp sales -0.4% vs 2021, +11.7% vs 2019.
- FY revenue guidance raised to $4.40-$4.45B; adj. EPS and EBITDA reaffirmed; Q3 adj. EPS outlook $0.31-$0.36.
- Quarterly dividend $0.14/share declared (payable 8/24/22); $63M remaining under $125M buyback authorization through July 28.
- Exhibit 99.2 details potential dilutive impact of remaining $105M 5% convertible notes after partial repurchase.