Bloomin' Brands Expects FY24 Adjusted EPS Of $2.51-$2.66 Vs. $2.58 Estimate, Projects Number Of New System-wide Restaurants Of 40 To 45
Portfolio Pulse from Benzinga Newsdesk
Bloomin' Brands forecasts its FY24 adjusted EPS to be in the range of $2.51-$2.66, compared to the market estimate of $2.58. Additionally, the company plans to open 40 to 45 new system-wide restaurants.
February 23, 2024 | 11:55 am
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Bloomin' Brands forecasts FY24 adjusted EPS in the range of $2.51-$2.66, closely aligning with the market estimate of $2.58, and plans to open 40 to 45 new restaurants.
The forecasted EPS range closely aligns with market expectations, indicating management's confidence in the company's growth trajectory. The planned expansion of 40 to 45 new restaurants suggests a positive outlook on market opportunities and operational capabilities. This strategic growth and alignment with market estimates are likely to be viewed positively by investors, potentially leading to a short-term uptick in BLMN's stock price.
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