Bloomin' Brands Q4 adj EPS $0.68, revenue $1.095B; raises dividend 71%, new $125M buyback

Bloomin' Brands, Inc.

2022-FY EPS reported $1.03 revenue$4,416,508,000

Q4 diluted EPS $0.61 GAAP, $0.68 adjusted, vs. $0.59/$0.60 in year-ago quarter. Revenue $1,095.0M (+4.6% YoY).
U.S. comparable restaurant sales +1.4% vs 2021; Brazil Outback +15.3% (ex-currency). GAAP operating margin 7.7% vs 7.5%.
Board declares quarterly dividend of $0.24/share, a 71% increase from prior dividend; payable Mar 15, 2023 to holders of record Mar 1.
Authorizes new $125M share repurchase program expiring Aug 7, 2024; completed $124M in buybacks through Feb 15, 2023 under prior plan.
FY 2023 guidance: U.S. comps +2-4%, adjusted EPS $2.91-$3.00, including $0.25 Brazil tax benefit and ~$0.14 from 53rd week.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bloomin' Brands, Inc. reported Fiscal Year 2022 results: EPS $ 1.03.

Period: Fiscal Year 2022
EPS: $ 1.03
Result: reported results

Exact text from the filing

FISCAL YEAR 2022 2021 CHANGE Diluted earnings per share $ 1.03 $ 2.00 $ (0.97)

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bloomin' Brands, Inc. updated its Fiscal Year 2023 guidance (initiated).

Period: Fiscal Year 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

Financial Results: 2023 Guidance U.S. comparable restaurant sales 2% to 4% GAAP diluted earnings per share (1) $2.80 to $2.89 Adjusted diluted earnings per share (2) $2.91 to $3.00

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bloomin' Brands, Inc. reported Q4 2022 results: revenue $ 1,095.0, EPS $0.61.

Period: Q4 2022
Revenue: $ 1,095.0
EPS: $0.61
Result: reported results

Exact text from the filing

in connection with the Carrabba’s Italian Grill royalty termination. 1 Fourth Quarter Financial Results (dollars in millions, unaudited) Q4 2022 Q4 2021 CHANGE Total revenues $ 1,095.0 $ 1,047.1 4.6 % GAAP operating income margin 7.7 % 7.5 % 0.2 % Adjusted operating income margin (1) 8.2 % 7.8 % 0.4 % Restaurant-level operating margin (1) 16.3 % 16.5 % (0.2) %

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

Bloomin' Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001546417-23-000007

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