Bloomin Brands Q4 Adj. EPS $0.75 Beats $0.69 Estimate, Sales $1.19B Miss $1.20B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bloomin Brands (NASDAQ:BLMN) reported Q4 adjusted EPS of $0.75, surpassing the $0.69 estimate, marking a 10.29% year-over-year increase. However, its sales of $1.19B fell short of the $1.20B estimate, despite a 9.04% increase from the previous year.
February 23, 2024 | 11:48 am
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Bloomin Brands reported a Q4 adjusted EPS of $0.75, beating estimates, with a 10.29% increase from last year. Sales reached $1.19B, slightly missing the $1.20B estimate but showing a 9.04% year-over-year growth.
The positive earnings beat suggests operational efficiency and profitability, which could positively influence investor sentiment. However, the slight miss in sales forecasts may temper enthusiasm, leading to a neutral short-term impact on BLMN's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100