Fri, Jul. 29, 7:41 AM
- Bloomin' Brands (NASDAQ:BLMN) reports U.S. comparable restaurant sales fell 2.3% in Q2.
- Comp for Outback Steakhouse in Brazil grew 3.9%.
- Segment revenue: U.S.: $958.98M (-2.4%); International: $119.61M (+2.6%).
- Adjusted restaurant-level operating margin rate down 70 bps to 15.5% primarily due to higher labor expense, unfavorable product mix and higher commodity costs.
- U.S. adjusted restaurant-level operating margin rate declined 40 bps to 15.5%.
- International adjusted restaurant-level operating margin rate slipped 70 bps to 16.9%.
- The company added 6 new restaurants during the quarter.
- Total number of restaurants -2 Q/Q to 1,500.
- FY2016 Guidance: U.S.comparable restaurant sales: flat; GAAP operating income margin: decrease; Adjusted operating income margin: flat; Tax rate: 30% to 31%; Adjusted Tax rate: 25% to 26%; GAAP diluted EPS; At least $0.75; Adjusted diluted EPS : At least $1.35; Number of new system-wide restaurants: 40 to 50; Capex: $235M to $255M.
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)
Bloomin' Brands, Inc. engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the US and International segments. The US segment operates in USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China. Its... More
Country: United States