Seeking Alpha

Mild comp gains at Bloomin' Brands

  • Bloomin' Brands (NASDAQ:BLMN) reports comp sales increased 0.6% in Q2 on flat traffic.
  • Comp sales growth by concept: Outback Steakhouse +0.9%; Carraba's Italian Grill -1.2%; Bonefish Grill +0.3%; Fleming's Prime Steakhouse and Wine Bar +3.6%.
  • Restaurant-level operating margin increased 10 bps to 16.1%.
  • For full year 2014, the company expects EPS of $1.05-$1.10 and comp sales to increase 0.0% to 1.0%.
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