Bloomin' Brands: Fully Bloomed At Current Levels
Tue, Apr. 26, 10:24 AM
- Bloomin' Brands (BLMN +7.6%) is in rally mode after management backed up its view that the company is set up for a second-half recovery.
- FY16 guidance was reaffirmed with yey investments due to kick in to boost results in Q3 and Q4.
- Bloomin' Brands saw a 1.5% drop in U.S. comps in Q1. On the international side, Outback Steakhouse Brazil delivered a +8.8% comp, while the comp at Outback Steakhouse South Korea was -5.6%.
- The company says it will continue to explore opportunities to enhance shareholder value.
- Previously: Bloomin' Brands misses by $0.03, misses on revenue (April 26)
Tue, Apr. 19, 10:07 AM
- Restaurant stocks are skittish in early trading after Brinker International (EAT -6.5%) disappoints with traffic under pressure at Chili's.
- Decliners include DineEquity (DIN -1.9%), Yum Brands (YUM -0.7%), Darden Restaurants (DRI -2.1%). and Bloomin' Brands (BLMN -0.7%).
- Popeyes Louisiana Kitchen (PLKI -2.8%) is down after Cowen initiates coverage with a Marker Perform rating and $59 price target.
- Buffalo Wild Wings (BWLD -3.4%) is under pressure with OTR Global making noise about Q1 and Q2 trends.
- Investors with a positive view on the restaurant sector may be able to pick up The Restaurant ETF (NASDAQ:BITE) at a lower price today.
Mon, Apr. 11, 11:48 AM
- Bloomin' Brands (BLMN +3.8%) churns higher after Credit Suisse lifts the casual dining stock to Outperform after having it stuck at Neutral.
- The investment firm thinks share price should be higher with new sale-leaseback transactions on the way and traffic challenges already baked in.
- Goldman Sachs recently backed its bullish view on Bloomin' Brands.
- Seeking Alpha contributors also see significant upside for BLMN this year and beyond.
- Now read Bloomin' Brands Could Provide 40% Upside This Year or Bloomin' Brands: Pessimistic Analysts Are Wrong
Tue, Feb. 23, 11:54 AM
- The move to cage-free eggs is more than just an animal rights play by Bloomin' Brands (NASDAQ:BLMN), observes the Tampa Bay Business Journal.
- The ability to advertise cage-free eggs or poultry is likely to spur demand, according to data from Technomic. A survey by the research firm indicates that 47% of consumers are more likely to order cage-free items. Other analysts have noted that consumers are also willing to swallow some pricing on cage-free initiatives.
- Shares of BLMN are up 5.9% on the day amid a strong day for restaurant stocks. They still sit below where they stood before Q4 earnings disappointed.
Wed, Feb. 17, 7:52 AM
- Bloomin' Brands (NASDAQ:BLMN) reports U.S. comparable restaurant sales fell 2.8% in Q4.
- Comp for Outback Steakhouse in Brazil rose 7.3% for the period.
- Segment revenue: U.S.: $932.3M (-3%); International: $117M (-20.6%).
- Adjusted restaurant-level operating margin rate grew 80 bps to 16.5% primarily due to productivity savings, lower advertising expense and menu pricing.
- U.S. adjusted restaurant-level operating margin rate increased 50 bps to 15.8%.
- International adjusted restaurant-level operating margin rate expanded 50 bps to 20%.
- The company added 11 new restaurants during the quarter.
- Total number of restaurants -1 Y/Y to 1,507.
- FY2016 Guidance: Comparable sales: Positive; U.S. GAAP and Adjusted operating income margin: increase; Tax rate: 26% to 28%; U.S. GAAP and Adjusted diluted earnings per share growth: At least 10%; Number of new system-wide restaurants: 40 to 50; Capex: $235M to $255M.
- BLMN +0.71% premarket.
May 5, 2015, 8:28 AM
- Comparable-store sales rose 3.6% for Bloomin' Brands (NASDAQ:BLMN) in Q1 off a 0.7% increase in store traffic.
- Restaurant-level operating margin improved 30 bps to 18.3% as productivity savings and higher U.S. sales volume contributed.
- Comp growth by brand: Outback Streakhouse +5.0%, Carraba's Italian Grill +1.9%, Bonefish Grill +0.9%, Fleming's Prime Steakhouse & Wine Bar +3.0%, Outback Steakhouse (Korea) -3.0%, Outback Steakhouse (Brazil) +6.2%.
- Previously: Bloomin' Brands beats by $0.01, misses on revenue
- BLMN +1.74% premarket to $23.40.
Apr. 29, 2015, 1:22 PM
- Restaurants stocks are falling harder than broad market averages with disappointing reports from Buffalo Wild Wings and Panera Bread raising some concerns.
- Increasing labor and commodity costs are seen as a threat to margins across the group.
- Today's GDP report may also be a factor in the sector falling out of favor for the day.
- Decliners include Denny's (DENN -7%), Krispy Kreme Dougnuts (KKD -5.6%), Red Robin Gourmet Burgers (RRGB -5.9%), Kona Grill (KONA -6.6%), Texas Roadhouse (TXRH -5.9%), Jack in the Box (JACK -4.6%), Bloomin' Brands (BLMN -4.7%), El Pollo Loco (LOCO -4.6%), and Cracker Barrel (CBRL -4.8%).
- Even momentum-fueled Chipotle (CMG -1.7%) and Habit Restaurants (HABT -1.7%) are peeling off some gains, while Shake Shack (NYSE:SHAK) is proving harder to knock down and is +0.2% on the day.
- Previously: Panera Bread -2% after sluggish earnings print (April 28)
- Previously: Buffalo Wild Wings slumps with chicken wing and labor costs a concern (April 28)
Dec. 16, 2014, 9:14 AM
- The first Analyst and Investor Day for Bloomin' Brands (NASDAQ:BLMN) kicked off this morning in NYC.
- The company says it expects FY14 comps to rise at least 1.5%.
- 55 new restaurant openings are expected for the full year.
- Previous FY14 EPS guidance of $1.05-$1.10 is reaffirmed (consensus $1.09), while FY15 EPS is expected to grow 15% Y/Y.
- Management expects commodity inflation of 4% to 6% in FY15 and capex spending of $235M-$255M.
- Slides from the presentation indicate the company sees relocation opportunities for the Outback brand .
- The company will break its reporting into a U.S. segment and International segment beginning in Q1 of 2015.
- Analyst & Investor Day webcast
- BLMN -0.7% premarket.
Nov. 3, 2014, 5:38 PM
Sep. 25, 2014, 10:00 AM
Aug. 5, 2014, 12:47 PM
Aug. 5, 2014, 11:01 AM
- Shares of Bloomin' Brands (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
Mar. 5, 2014, 9:16 AM
- Bloomin' Brands (BLMN) prices 18M shares of the company's stock being offered in a public secondary offering by existing shareholders at $24.50.
- BLMN -1.8% premarket to $24.25.
Jan. 21, 2014, 9:08 AM
Nov. 5, 2013, 4:58 PM
- Bloomin' Brands (BLMN): Q3 EPS of $0.10 in-line.
- Revenue of $967.6M (+1.5% Y/Y). Shares -1.5% AH. (PR)
Jul. 19, 2013, 2:40 PM
Bloomin' Brands, Inc. owns and operates restaurants. Its brands include Outback steakhouse, Carrabba's Italian Grill, which is an authentic Italian casual dining restaurant; Bonefish Grill, which provides seafood featuring market fresh grilled fish; and Fleming's Prime Steakhouse & Wine Bar. The... More
Country: United States
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