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Mar 29, 2020
Bloomin' Brands Q1 2020 Earnings Report
Bloomin' Brands' Q1 2020 results were impacted by the COVID-19 pandemic, with total revenues decreasing and a net loss reported, but off-premises sales tripled since March and dining rooms began reopening with safety measures.
Key Takeaways
Bloomin' Brands reported a decrease in total revenues and a net loss for Q1 2020, primarily due to the COVID-19 pandemic. However, the company saw a significant increase in off-premises sales and began reopening dining rooms with enhanced safety measures. They also strengthened their liquidity position through the issuance of $200 million convertible notes.
Total revenues decreased primarily due to lower U.S. comparable restaurant sales driven by the COVID-19 pandemic.
Off-premises sales per restaurant tripled since the beginning of March.
355 restaurant dining rooms opened with limited seating capacity across multiple states.
Company issued $200 million convertible notes to strengthen liquidity.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Company expects sales to strengthen as dining rooms re-open.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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