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Mar 27, 2022
Bloomin' Brands Q1 2022 Earnings Report
Bloomin' Brands' Q1 2022 financial results were announced, featuring a strong start to the year with significant U.S. comparable restaurant sales growth and increased full-year guidance.
Key Takeaways
Bloomin' Brands reported a strong Q1 2022, with a 14.0% increase in combined U.S. comparable restaurant sales growth. Diluted EPS was $0.73, and adjusted diluted EPS was $0.80. The company raised its full-year guidance for revenue, profit, and EPS expectations. A quarterly cash dividend of $0.14 per share was declared.
Combined U.S. comparable restaurant sales increased by 14.0% in Q1 2022.
Diluted EPS stood at $0.73, while adjusted diluted EPS reached $0.80.
Full-year guidance for revenue, profit, and EPS expectations was raised.
A quarterly cash dividend of $0.14 per share was declared.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Bloomin' Brands provided its Q2 2022 outlook, projecting total revenues between $1.1 billion and $1.13 billion. GAAP diluted earnings per share are expected to be between $0.55 and $0.59, and adjusted diluted earnings per share are projected to be between $0.60 and $0.65. For fiscal year 2022, the company expects total revenues of $4.35B to $4.40B and adjusted diluted earnings per share of $2.45 to $2.55.
Positive Outlook
- Total revenues are expected to be between $1.1B and $1.13B.
- GAAP diluted earnings per share are projected to be $0.55 to $0.59.
- Adjusted diluted earnings per share are expected to be $0.60 to $0.65.
- Full year total revenues are expected to be between $4.35B and $4.40B.
- Full year adjusted diluted earnings per share are expected to be $2.45 to $2.55.
Challenges Ahead
- The outlook assumes no additional business interruptions related to COVID-19.
- GAAP diluted earnings per share assumes weighted average diluted shares of approximately 103 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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