Bloomin' Brands (BLMN) reported Q4 adjusted earnings Wednesday of $0.38 per diluted share, down from $0.71 a year earlier.
Analysts polled by FactSet expected $0.37.
Revenue for the quarter ended Dec. 29 was $1.10 billion, down from $1.19 billion a year earlier.
Analysts surveyed by FactSet expected $1.09 billion.
US comparable restaurant sales fell by 1.1% in Q4. Analysts polled by FactSet expected flat comparable restaurant sales.
Bloomin' Brands said it expects fiscal Q1 adjusted EPS of $0.55 to $0.60. Analysts polled by FactSet expect $0.67. US comparable restaurant sales are estimated to decline by 0.5% to 1.5%. Analysts polled by FactSet expect comparable restaurant sales to grow by 1%.
The company said it expects fiscal 2025 adjusted EPS of $1.20 to $1.40. Analysts polled by FactSet expect $1.77. US comparable restaurant sales are estimated to be flat to down 2%. Analysts polled by FactSet expect comparable restaurant sales growth of 1%.
Shares of Bloomin' Brands were down 5% in recent premarket activity Wednesday.
Price: 11.30, Change: -0.60, Percent Change: -5.0
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