Bloomin' Brands Expects Q2 US Comparable Restaurant Sales To Be Flat To 1.5%, Adjusted EPS of $0.55-$0.60, Est $0.69
Portfolio Pulse from Benzinga Newsdesk
Bloomin' Brands anticipates its Q2 US comparable restaurant sales to range from flat to a 1.5% increase, with an adjusted EPS of $0.55-$0.60, below the estimated $0.69.
May 07, 2024 | 10:51 am
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Bloomin' Brands expects lower-than-estimated Q2 earnings, with adjusted EPS of $0.55-$0.60 versus the expected $0.69.
The projected earnings miss for Bloomin' Brands in Q2, with adjusted EPS significantly below the analyst estimate, is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price.
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