secwatch.observer — SEC 8-K summary
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Issuer:     Bloomin' Brands, Inc. (BLMN)
CIK:        0001546417
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001546417-23-000117
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1546417/000154641723000117/0001546417-23-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1546417/000154641723000117/blmn-20231103.htm
  HTML page:      https://secwatch.observer/filing/0001546417-23-000117

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer