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0 0 0.00919601328903659 0.0671029900332227 0.00797342192691025 -0.00166112956810634 0.000996677740863825 0.00897009966777407
Stock impact report

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 Check Earnings Report
Company Research 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 Show less Read more
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