Bloomin' Brands (BLMN) Misses Q4 EPS by 1c

Bloomin' Brands (NASDAQ: BLMN) reported Q4 EPS of $0.31, $0.01 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.02 billion.

Highlights for Q4 2016 include the following:

• Repurchased 1.8 million shares of common stock for a total of $35 million;
• Reported combined U.S. comparable restaurant sales down 3.5%;
• Reported comparable restaurant sales for Outback Steakhouse in Brazil up 6.1%; and
• Opened 16 new restaurants, including ten in international markets.

GUIDANCE:

Bloomin' Brands sees FY2017 EPS of $1.40-$1.47, versus the consensus of $1.42.

For earnings history and earnings-related data on Bloomin' Brands (BLMN) click here.

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