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Stock impact report

Bloomin’ Brands Announces 2024 Q1 Financial Results

Bloomin' Brands, Inc. (BLMN) 
Last bloomin' brands, inc. earnings: 2/18 07:00 am Check Earnings Report
Company Research Source: Business Wire
Q1 Diluted EPS of $(0.96) and Q1 Adjusted Diluted EPS of $0.70Retired $83.6M of Convertible Notes TAMPA, Fla.--(BUSINESS WIRE)--Bloomin’ Brands, Inc. (Nasdaq: BLMN) today reported results for the first quarter 2024 (“Q1 2024”) compared to the first quarter 2023 (“Q1 2023”).CEO Comments“The first quarter was a solid start to the year, as sales and profit met our expectations,” said David Deno, CEO. “After a slower start, sales trends strengthened throughout the quarter. Our sales performance is well ahead of the casual dining industry as our marketing and operations initiatives are paying off, especially at Outback.”Diluted EPS and Adjusted Diluted EPSThe following table reconciles Diluted (loss) earnings per share to Adjusted diluted earnings per share for the periods indicated (unaudited): Q1   2024 2023 CHANGEDiluted (loss) earnings per share$(0.96) $0.93  $(1.89)Adjustments (1) 1.66  Show less Read more
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