Bloomin' Brands (BLMN) Misses Q1 EPS by 3c
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Bloomin' Brands Announces 2016 First Quarter Adjusted Diluted EPS of $0.47 and Diluted EPS of $0.29;
April 26, 2016 7:01 AM EDTTAMPA, Fla., April 26, 2016 /PRNewswire/ -- Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the first quarter ("Q1 2016") ended March 27, 2016 compared to the first quarter ("Q1 2015") ended March 29, 2015.
Key highlights for Q1 2016 include the following:
The Company repurchased approximately 4.4 million shares of common stock for a total of $75.0 million; Comparable sales for Company-owned U.S. concepts declined 1.5%; Comparable sales for Outback Steakhouse in Brazil increased 8.8%; and Added eight new restaurants, including six in international marketsSubsequent to Q1 2016, the... More
