Bloomin' Brands (BLMN) Tops Q4 EPS by 6c, provides guidance

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Bloomin' Brands (BLMN) shares edge lower following revenue miss

February 23, 2024 8:45 AM EST

Bloomin' Brands (NASDAQ: BLMN) reported fourth-quarter earnings that slightly exceeded Wall Street's expectations, but a revenue shortfall and weaker-than-expected guidance for the first quarter of 2024 sent its shares down 0.8% in trading. The company, known for its Outback Steakhouse brand among others, posted adjusted earnings per share (EPS) of $0.75, which was $0.06 above the analyst estimate of $0.69. However, revenue for the quarter was $1.19 billion, falling short of the consensus estimate of $1.2 billion.

The company's CEO, David Deno, attributed the quarter's... More