Bloomin’ Brands (NASDAQ:BLMN) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Bloomin’ Brands Earnings Cheat Sheet
Revenue: Rose 2.76% to $1.01 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Bloomin’ Brands reported adjusted EPS income of $0.25 per share. By that measure, the company beat the mean analyst estimate of $0.23. It missed the average revenue estimate of $1.03 billion.
Quoting Management: “We were very pleased with our second quarter results in a highly competitive and challenged casual dining segment,” said Elizabeth Smith, Chairman of the Board and CEO. “We posted our 13th consecutive quarter of positive comp sales for our blended core domestic concepts, capturing additional market share.”
Key Stats (on next page)…