Bloomin' Brands Inc. (BLMN) Tops Q3 EPS by 2c, Sales Beat; Guides In-Line

Bloomin' Brands Inc. (NASDAQ: BLMN) reported Q3 EPS of $0.10, $0.02 better than the analyst estimate of $0.08. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.04 billion.

Bloomin' Brands Inc. sees FY2014 EPS of $1.05-$1.10, versus the consensus of $1.07.

"We were pleased with our third quarter results. Comp sales at our core domestic concepts grew 3.3%, which was a 290 basis point outperformance versus Knapp," said Elizabeth Smith, CEO. "Importantly, these results include an improved dinner sales trend driven by successful marketing and innovation."

Smith continued, "In addition, we have taken significant restructuring measures to right-size our business in Korea and optimize our infrastructure for growth. Third quarter results coupled with our recent actions give us confidence that our growth strategies are working, and more importantly, we are well positioned for sustained long-term success."

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

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