secwatch.observer — SEC 8-K summary
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Issuer:     Bloomin' Brands, Inc. (BLMN)
CIK:        0001546417
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001546417-24-000158
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bloomin' Brands Q3 adj EPS $0.21 vs $0.41; cuts FY24 guidance; sells 67% Brazil ops for ~$243M
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- Q3 total revenues $1,038.8M, down 3.8% YoY; U.S. comps -1.5%, Brazil Outback -3.6%.
- GAAP diluted EPS $0.08; adjusted diluted EPS $0.21 vs $0.41 in Q3 2023.
- FY24 adjusted EPS guidance cut to $1.72-$1.82 from $2.10-$2.30; Q4 adj EPS seen $0.32-$0.42.
- Agreed to sell 67% of Brazil operations to Vinci Partners for R$1.4B ($243M), 6.5x trailing EBITDA.
- Quarterly dividend $0.24/share declared; YTD share repurchases $265.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1546417/000154641724000158/0001546417-24-000158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1546417/000154641724000158/blmn-20241108.htm
  HTML page:      https://secwatch.observer/filing/0001546417-24-000158

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