Bloomin' Brands (BLMN) Misses Q4 EPS by 1c
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Bloomin' Brands Announces 2016 Q4 Diluted EPS of $(0.04) and Adjusted Diluted EPS of $0.31; Provides 2017 Financial Outlook
February 17, 2017 7:00 AM ESTTAMPA, Fla., Feb. 17, 2017 /PRNewswire/ -- Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the fourth quarter ("Q4 2016") and fiscal year ended December 25, 2016 ("Fiscal Year 2016") compared to the fourth quarter ("Q4 2015") and fiscal year ended December 27, 2015 ("Fiscal Year 2015").
Highlights for Q4 2016 include the following:
Repurchased 1.8 million shares of common stock for a total of $35 million; Reported combined U.S. comparable restaurant sales down 3.5%; Reported comparable restaurant sales for Outback Steakhouse in Brazil up 6.1%; and Opened 16 new restaurants, including ten in international... More