Bloomin' Brands (BLMN) Reports In-Line Q3 EPS; U.S. Comps Fell 0.7%
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Bloomin' Brands Announces 2016 Q3 Diluted EPS of $0.18 and Adjusted Diluted EPS of $0.20; Repurchases 7.1 Million Shares of Common Stock for $135 Million
October 28, 2016 7:00 AM EDTTAMPA, Fla., Oct. 28, 2016 /PRNewswire/ -- Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the third quarter ended September 25, 2016 ("Q3 2016") compared to the third quarter ended September 27, 2015 ("Q3 2015").
Key highlights for Q3 2016 include the following:
Repurchased 7.1 million shares of common stock for a total of $135 million; Reported combined U.S. comparable restaurant sales down 0.7%; Reported comparable restaurant sales for Outback Steakhouse in Brazil up 7.3%; Opened 10 new restaurants, including eight in international markets; and Updated 2016 financial outlook as follows:... More