Outback Steakhouse Parent Bloomin' Brands Faces Heat: Misses Sales Mark, 2024 Outlook Cut & More [Yahoo! Finance]
Bloomin' Brands, Inc. (BLMN)
Last bloomin' brands, inc. earnings: 2/18 07:00 am
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US:NASDAQ Investor Relations:
investors.bloominbrands.com/investor-relations
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Source: Yahoo! Finance
The company reported third-quarter adjusted earnings per share of 21 cents, beating the street view of 20 cents . Quarterly revenues of $1.038 billion (down 3.8%) missed the analyst consensus of $1.042 billion. The decrease in total revenues was primarily due to lower comparable restaurant sales, the impact of foreign currency translation of the Brazilian Real relative to the U.S. dollar, and the net effect of restaurant closures and openings. The adjusted restaurant-level operating margin decreased to 12.5% from 14% due to lower restaurant sales and higher labor, operating, and commodity costs, primarily due to inflation. Adjusted operating income margin in the quarter under review decreased to 3% from 5.3% in the year-ago period due to closure costs in from the closure of nine restaurants in Hong Kong. The company exited the quarter with cash and equivalents worth $83.632 million. Also Read: Fed Cuts Interest Rates, But Inflation Remains Elephant In The Room “As I conti
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News
- Healthy Takeout Market Growth Trends, Forecasts and Competitive Analysis to 2030 - U.S. Embraces Healthy Takeout with a Surge in Demand for Nutritious and Customizable Meals [Yahoo! Finance]Yahoo! Finance
- Bloomin' Brands (BLMN): Buy, Sell, or Hold Post Q3 Earnings? [Yahoo! Finance]Yahoo! Finance
- Bloomin' Brands, Inc. (NASDAQ: BLMN) is now covered by analysts at The Goldman Sachs Group, Inc.. They set a "sell" rating and a $13.00 price target on the stock.MarketBeat
- Why Bloomin' Brands (BLMN) Is Among the Cheap Restaurant Stocks to Buy [Yahoo! Finance]Yahoo! Finance
- Is McDonald's open or closed on Thanksgiving 2024? Here's what you need to know [USA TODAY]USA TODAY
BLMN
Earnings
- 11/8/24 - Beat
BLMN
Sec Filings
- 12/5/24 - Form 4/A
- 12/5/24 - Form 4/A
- 12/3/24 - Form 4
- BLMN's page on the SEC website