Bloomin' Brands' Fiscal Q3 Adjusted Earnings, Revenue Fall; Lowers Full Year Guidance, Shares Slide

MT Newswires Live
2024-11-08

Bloomin' Brands (BLMN) reported fiscal Q3 adjusted earnings Friday of $0.21 per diluted share, down from $0.41 a year earlier.

Analysts polled by Capital IQ expected $0.20.

Revenue for the quarter ended Sept. 29 was $1.04 billion, down from $1.08 billion a year earlier.

Analysts surveyed by Capital IQ estimated $1.04 billion.

The company said its US comparable restaurant sales fell 1.5% in the quarter.

Bloomin' Brands said it expects Q4 adjusted earnings of $0.32 to $0.42 per diluted share. Analysts polled by Capital IQ expect $0.67.

US comparable restaurant sales for the quarter are expected to fall by 2% to 1%.

The restaurant company said it now expects 2024 adjusted earnings of $1.72 to $1.82 per diluted share, down from its earlier guidance of between $2.10 and $2.30. Analysts surveyed by Capital IQ expect $2.08.

US comparable restaurant sales for the year are expected to fall by 1% to 0.5%, compared with its prior expectation of flat to 1% lower sales.

BLMN shares fell more than 10% in premarket trading.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10