secwatch.observer — SEC 8-K summary
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Issuer:     Bloomin' Brands, Inc. (BLMN)
CIK:        0001546417
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001546417-24-000123
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bloomin' Brands Q2 adj. EPS $0.51 vs $0.70 YoY; cuts FY 2024 guidance
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- Q2 GAAP EPS $0.32; adjusted EPS $0.51, down from $0.70 YoY.
- Total revenue $1,118.9M, down 2.9% YoY; restaurant-level margin 14.3% (down 210 bps).
- U.S. comparable sales flat (-0.1% combined); Outback Steakhouse flat.
- Cuts FY 2024 adjusted EPS guidance to $2.10-$2.30 from $2.51-$2.66; U.S. comps now -1% to flat.
- Declared quarterly dividend $0.24/share; repurchased 9.9M shares YTD for $263.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1546417/000154641724000123/0001546417-24-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1546417/000154641724000123/blmn-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001546417-24-000123

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