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Bloomin’ Brands Inc Earnings Cheat Sheet
Revenue: Rose 4.47% to $998.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.2 per share. By that measure, the company beat the mean analyst estimate of $0.19. It missed the average revenue estimate of $999.86 million.
Quoting Management: “The fourth quarter represented a strong finish to a year characterized by continued operational success and transformation at Bloomin’ Brands,” said Elizabeth Smith, Chairman of the Board and CEO. “Adjusted net income grew by over 140% for the quarter and approximately 32% for the year. We continued to gain market share in a highly competitive environment as demonstrated by the impressive growth in our core domestic blended comps of 3.5% and 3.7% for the quarter and year, respectively. In 2013, we will continue to strive to provide the most compelling 360 degree customer experience in casual dining, driven by menu and promotional innovation, attractive ambience and world-class service at affordable prices.”
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