Loading...
•
Mar 26, 2023
Bloomin' Brands Q1 2023 Earnings Report
Bloomin' Brands' Q1 2023 financial results were announced, featuring a diluted EPS of $0.93 and an adjusted diluted EPS of $0.98, along with a combined U.S. comparable restaurant sales growth of 5.1%. The company reaffirmed its full fiscal year 2023 guidance.
Key Takeaways
Bloomin' Brands reported a strong start to the year with enhanced sales and profits in Q1 2023. The company's Q1 results reflected efforts to elevate the customer experience and drive healthy top-line growth, leading to the achievement of their 2023 goals.
Q1 Diluted EPS was $0.93, and Adjusted Diluted EPS was $0.98.
Combined U.S. Comparable Restaurant Sales Growth reached 5.1%.
The company reaffirmed its all Fiscal Year 2023 Guidance.
The increase in Total revenues was primarily due to higher comparable restaurant sales, the net impact of restaurant openings and closures, the benefit of Brazil value added tax exemptions and the effect of foreign currency translation.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company reaffirmed all aspects of its full-year financial guidance as previously communicated in its February 16, 2023 earnings release. The table below presents the company's expectations for selected fiscal Q2 2023 operating results:
Positive Outlook
- Q2 2023 U.S. comparable restaurant sales 0.5% to 1.5%
- Q2 2023 GAAP diluted earnings per share $0.59 to $0.64
- Q2 2023 Adjusted diluted earnings per share $0.62 to $0.67
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
Loading earnings performance data...
Loading earnings reaction data...