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Jun 25, 2023
Bloomin' Brands Q2 2023 Earnings Report
Earnings exceeded expectations and revenues were in line, reflecting investments in customer experience and growth strategy execution.
Key Takeaways
Bloomin' Brands reported a strong second quarter with earnings above expectations and revenues in line. The company's performance reflects investments in customer experience and the ongoing execution of its growth strategy. They reaffirmed 2023 guidance for U.S. comparable restaurant sales and EPS.
Delivered strong quarter of results highlighting portfolio benefits.
Earnings for the quarter were above expectations and revenues were in line.
Results reflect investments to elevate the customer experience.
Well positioned to deliver on long-term goals of growing sustainable sales and profits.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company reaffirmed all other aspects of its full-year financial guidance as previously communicated in its February 16, 2023 earnings release. For Q3 2023, U.S. comparable restaurant sales are expected to be 0.5% to 1.5%, GAAP diluted earnings per share are expected to be $0.39 to $0.44, and adjusted diluted earnings per share are expected to be $0.41 to $0.46.
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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