Loading...
•
Sep 25, 2022
Bloomin' Brands Q3 2022 Earnings Report
Bloomin' Brands' Q3 2022 financial results were announced, showing consistent brand performance and U.S. comparable sales improvement.
Key Takeaways
Bloomin' Brands reported strong Q3 2022 results with a 1.4% increase in combined U.S. comparable restaurant sales growth. Diluted EPS was $0.34, and adjusted diluted EPS was $0.35. The company reiterated its full-year adjusted EPS expectations and declared a quarterly cash dividend of $0.14 per share.
Q3 combined U.S. comparable restaurant sales grew by 1.4%.
Diluted EPS was reported at $0.34, with adjusted diluted EPS at $0.35.
The company reiterated its full-year adjusted EPS expectations.
A quarterly cash dividend of $0.14 per share was declared.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Bloomin' Brands provided its Q4 2022 financial outlook, including the impact of Hurricane Ian, which is expected to negatively affect U.S. comparable sales by 0.3% and diluted earnings per share by approximately $0.03.
Positive Outlook
- Total revenues are expected to be between $1.115B and $1.145B.
- GAAP diluted earnings per share are projected to be $0.61 to $0.71.
- Adjusted diluted earnings per share are anticipated to be $0.63 to $0.73.
Challenges Ahead
- Hurricane Ian is expected to negatively impact U.S. comparable sales by 0.3%.
- Hurricane Ian is expected to decrease diluted earnings per share by approximately $0.03, inclusive of storm-related costs.
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...