Bloomin' Brands (NASDAQ: BLMN) reported Q1 EPS of $0.47, $0.03 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $1.16 billion versus the consensus estimate of $1.17 billion.

Reaffirming full-year guidance, including positive combined U.S. comparable sales and Adjusted diluted earnings per share growth of at least 10% as previously communicated in our February 17, 2016 earnings release.

"Our first quarter earnings were in line with our expectations," said Liz Smith, CEO. "As we indicated in February, we expect our performance to strengthen in the back half of the year. This cadence was contemplated in our annual guidance and is driven by the timing of investments and their related benefits, lapping a very strong first half in 2015 and the pacing of foreign currency impact."

Smith continued, "In addition, we repurchased $75.0 million worth of stock in the first quarter. This was enabled by our strong free cash flow and the great progress we are making in our efforts to sell our owned real estate. We will continue to explore additional opportunities within our portfolio to maximize shareholder value."

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