Bloomin' Brands Projects Q3 Adjusted EPS Of $0.17-$0.25 Vs. $0.39 Estimate; Expects U.S. Comparable Restaurant Sales Down 2% To Flat
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Bloomin' Brands has projected its Q3 adjusted EPS to be between $0.17 and $0.25, which is below the estimated $0.39. The company also expects U.S. comparable restaurant sales to be down 2% to flat.
August 06, 2024 | 11:19 am
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Bloomin' Brands has projected its Q3 adjusted EPS to be significantly below estimates, and expects U.S. comparable restaurant sales to be down 2% to flat.
The projected Q3 adjusted EPS of $0.17-$0.25 is significantly below the $0.39 estimate, indicating potential financial underperformance. Additionally, the expectation of U.S. comparable restaurant sales being down 2% to flat suggests challenges in revenue growth.
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IMPORTANCE 90
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