secwatch.observer — SEC 8-K summary
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Issuer:     Bloomin' Brands, Inc. (BLMN)
CIK:        0001546417
Form:       8-K
Filed at:   2022-07-29T23:59:59+00:00
Accession:  0001546417-22-000072
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bloomin' Brands Q2 adj. EPS $0.68 vs $0.81; revenue up 4.4%; raises FY revenue outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1546417/000154641722000072/0001546417-22-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1546417/000154641722000072/blmn-20220729.htm
  HTML page:      https://secwatch.observer/filing/0001546417-22-000072

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