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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BLMN
News
- Bloomin' Brands, Inc. (NASDAQ: BLMN) had its price target lowered by analysts at JPMorgan Chase & Co. from $19.00 to $14.00. They now have a "neutral" rating on the stock.MarketBeat
- Bloomin' Brands (NASDAQ:BLMN) Has Affirmed Its Dividend Of $0.24 [Yahoo! Finance]Yahoo! Finance
- Bloomin' Brands, Inc. (NASDAQ: BLMN) had its price target lowered by analysts at Piper Sandler from $20.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- Bloomin' Brands, Inc. (NASDAQ: BLMN) had its price target lowered by analysts at Barclays PLC from $20.00 to $19.00. They now have an "overweight" rating on the stock.MarketBeat
- Bloomin' Brands, Inc. (NASDAQ: BLMN) was downgraded by analysts at Raymond James from an "outperform" rating to a "market perform" rating.MarketBeat
BLMN
Earnings
- 11/8/24 - Beat
BLMN
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form 10-Q
- 11/8/24 - Form SC
- BLMN's page on the SEC website