earnings
confidence high
sentiment neutral
materiality 0.70
Bloomin' Brands Q3 rev up 4.5%, adj EPS $0.35; reaffirms FY adjusted EPS outlook
Bloomin' Brands, Inc.
2022-Q3 EPS reported
$0.44
revenue$3,321,460,000
- Q3 total revenues $1.056B (+4.5% YoY); GAAP diluted EPS $0.34, adjusted diluted EPS $0.35.
- U.S. comparable restaurant sales +1.4%; Outback +2.3%, Carrabba's +0.7%, Bonefish -0.9%, Fleming's +1.3%.
- Reiterates full-year adj. EPS $2.45-$2.55; raises revenue outlook to $4.436B-$4.466B; Q4 adj. EPS outlook $0.63-$0.73.
- Declares quarterly cash dividend $0.14/share payable Nov 23; $30M left under $125M buyback program.
- Hurricane Ian estimated to reduce Q4 U.S. comps by 0.3% and diluted EPS by ~$0.03.