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Bloomin' Brands (BLMN) Tops Q3 EPS by 1c

November 3, 2015 7:04 AM

Bloomin' Brands (NASDAQ: BLMN) reported Q3 EPS of $0.15, $0.01 better than the analyst estimate of $0.14. Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $1.04 billion.

Bloomin' Brands sees FY2015 EPS of at least $1.27, versus the consensus of $1.27.

"Our third quarter results position us well to deliver on our EPS goals for the year. Our International business continues to deliver strong performance and our ongoing productivity efforts led to 70 basis points of restaurant margin expansion in the quarter," said Elizabeth Smith, CEO. "We knew that our back half trends would be challenged given the high year ago base; however, our marketing programs did not break through as expected. We are preparing for 2016 with significant innovation driven platforms and new levers to drive comp sales."

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

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