Bloomin' Brands Q3 EPS $0.45 (+32% YoY); lowers FY2023 comp and EPS guidance

Bloomin' Brands, Inc.

2023-Q3 EPS reported $2.08 revenue$3,477,273,000

Q3 diluted EPS $0.45 (adjusted $0.44); revenue $1.08B, +2.3% YoY.
US comparable restaurant sales -0.5% (Outback -1.1%, Carrabba's +3.0%, Bonefish -0.5%, Fleming's -4.1%); Brazil +4.1%.
FY2023 outlook lowered: US comps 1.5-2% (from 2-4%); adj. EPS $2.80-2.90 (from $2.91-3.00); capex raised to $260-280M.
Q4 2023 outlook: US comps flat to 1%; adj. EPS $0.64-0.74.
Declares $0.24/share dividend, payable Nov 29; repurchased 2.4M shares for $61M in 2023.

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 the thirteen weeks ended September 24, 2023 results: revenue $ 1,079.8, EPS $0.45. Guidance lowered.

Period: the thirteen weeks ended September 24, 2023
Revenue: $ 1,079.8
EPS: $0.45
Guidance: lowered
Result: reported results

Exact text from the filing

of diluted earnings per share adjustments for the periods presented. Third Quarter Financial Results (dollars in millions, unaudited) Q3 2023 Q3 2022 CHANGE Total revenues $ 1,079.8 $ 1,055.8 2.3 % GAAP operating income margin 5.4 % 4.9 % 0.5 % Adjusted operating income margin (1) 5.3 % 4.9 % 0.4 % Restaurant-level operating margin (1) 13.8 % 13.1 % 0.7 %

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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 0001546417-23-000117

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