Bloomin' Brands (NASDAQ: BLMN) reported Q4 EPS of $0.41, $0.02 better than the analyst estimate of $0.39. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.05 billion.

• Comparable restaurant sales were up 4.7% at U.S. Outback Steakhouse with traffic up 4.3%(1);
• Combined U.S. comparable restaurant sales were up 3.3% with traffic up 1.8%(1);
• Comparable restaurant sales were up 4.9% for Outback Steakhouse in Brazil; and
• Opened seven new restaurants, including four in international markets.

Fiscal 2018 Financial Outlook

The following table presents our expectations for selected fiscal 2018 financial reporting and operating results. Please note the following as it relates to these expectations:

• Fiscal Year 2018 adjusted diluted earnings per share growth is expected to be approximately 11% to 16%, excluding the 53rd week that was included in the 2017 financial results. The 53rd week was estimated to have positively impacted Fiscal Year 2017 adjusted diluted earnings per share by approximately $0.11.
• We are in the process of finalizing the anticipated financial impact from the adoption of the new revenue recognition standard. The Fiscal 2018 Financial Outlook currently excludes the impact of this new standard.
• The adoption of the \"Tax Cuts and Jobs Act of 2017\" is expected to improve our adjusted effective income tax rate by approximately 8% to 9% relative to Fiscal Year 2017. We intend to reinvest approximately 50% of our tax savings into additional field compensation, enhancements to our health and 401(k) benefits, as well as leadership development and other training programs for our employees.

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