- Shares of Bloomin' Brands (NASDAQ:BLMN -18.8%) are in a steep fall after a weak Q2 report and soft guidance from the restaurant chain operator.
- The company sees EPS of $1.05-$1.10 for FY14 vs. $1.23 consensus.
- News of the company's expansion into Brazil for the Cabbarra concept hasn't helped to stem the selling pressure.
- During the firm's earnings call, execs seemed surprised that sales didn't recover after harsh weather kept traffic down in Q1. Some restaurants analysts would say a shift in consumer preferences toward fast-casual was more at play.
- Earnings call webcast