Bloomin Brands Q2 Adj $0.51 Misses $0.58 Estimate, Sales $1.12B Miss $1.13B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bloomin Brands (NASDAQ:BLMN) reported Q2 earnings of $0.51 per share, missing the analyst estimate of $0.58. Sales were $1.12 billion, slightly below the $1.13 billion estimate. Both earnings and sales showed a decline compared to the same period last year.
August 06, 2024 | 11:02 am
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Bloomin Brands reported Q2 earnings of $0.51 per share, missing the $0.58 estimate. Sales were $1.12 billion, below the $1.13 billion estimate. Both earnings and sales declined year-over-year.
The earnings and sales miss, along with the year-over-year decline, are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100