Bloomin’ Brands Inc Earnings Cheat Sheet
Revenue: Rose 2.53% to $1.08 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.5 per share. By that measure, the company beat the mean analyst estimate of $0.44. It beat the average revenue estimate of $1.08 billion.
Quoting Management: “We were quite pleased with the way we closed the first quarter, despite a challenging start to the year for the entire casual dining segment,” said Elizabeth Smith, Chairman of the Board and CEO. “We made further gains in market share which demonstrates the resiliency of our brands and the strength of our strategy to drive sustainable growth.”
Key Stats (on next page)…
Revenue increased 8.41% from $998.39 million in the previous quarter. EPS increased 150% from $0.20 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.23 to a profit $0.26. For the current year, the average estimate has moved up from a profit of $1.06 to a profit of $1.11 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)