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 story : Outback parent Bloomin' Brands beats on earnings and raises revenue outlook but revises profit guidance below expectations #FinanceUSA #StockMarketNEWS Bloomin' Brands Inc. reported a second-quarter

@stockMarketNEWS 11 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Outback parent Bloomin' Brands beats on earnings and raises revenue outlook but revises profit guidance below expectations #FinanceUSA #StockMarketNEWS
Bloomin' Brands Inc. reported a second-quarter net loss of .6 million, or 72 cents per share, after net income of .5 million, or 75 cents per share, last year. Adjusted EPS of 68 cents beat the FactSet consensus of 62 cents. Revenue of .125 billion was up from .077 billion last year and ahead of the FactSet consensus for .105 billion. U.S. comparable restaurant sales fell 0.4% with Outback Steakhouse down 1.1%, Carrabba's Italian Grill down 1% and Fleming's Prime Steakhouse & Wine Bar up 6%. For the full-year, Bloomin' now expects revenue of .40 billion to .45 billion, up from .35 billion to .40 billion previously; and EPS of .11 to .22, down from .23 to .32 previously. The FactSet consensus is for revenue of .38 billion and EPS of .43. Bloomin' stock fell 1.8% in Friday premarket trading and is down 5.7% for the year to date. The benchmark S&P 500 index has decline 14.6% for 2022 so far.


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