Bloomin' Brands (BLMN) Tops Q1 EPS by 1c, Modestly Trims Revenue Outlook

Bloomin' Brands (NASDAQ: BLMN) reported Q1 EPS of $0.54, $0.01 better than the analyst estimate of $0.53. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.21 billion.

Comparable sales for Company-owned U.S. concepts increased 3.6% with a traffic increase of 0.7%

Bloomin' Brands sees FY2015 revenue of at least $4.43 billion, versus prior guidance of $4.49 billion and the consensus of $4.56 billion.

"The first quarter was a strong start to the year. We were pleased with our sales performance and margin delivery. These results set us up to deliver our 2015 goals," said Elizabeth Smith, CEO. "In addition, we continue to make great progress in our International business as it becomes a larger part of our portfolio and growth plans."

For earnings history and earnings-related data on Bloomin' Brands (BLMN) click here.

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