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Here's What Key Metrics Tell Us About Bloomin' Brands (BLMN) Q1 Earnings
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Bloomin' Brands (BLMN - Free Report) reported $1.2 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 4%. EPS of $0.70 for the same period compares to $0.98 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.2 billion, representing a surprise of -0.53%. The company delivered an EPS surprise of -6.67%, with the consensus EPS estimate being $0.75.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Bloomin' Brands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable restaurant sales - U.S. - Fleming?s Prime Steakhouse and Wine Bar: -2% compared to the -0.9% average estimate based on six analysts.
Comparable restaurant sales - U.S. - Carrabba?s Italian Grill: 0.4% versus 0.8% estimated by six analysts on average.
Comparable restaurant sales - U.S. - Outback Steakhouse: -1.2% compared to the -1.6% average estimate based on six analysts.
Comparable restaurant sales - U.S. - Combined U.S. -1.6% versus -1.4% estimated by six analysts on average.
Number of restaurants - System-wide total: 1,451 versus the six-analyst average estimate of 1,453.
Comparable restaurant sales - U.S. - Bonefish Grill: -4.9% versus -3.4% estimated by six analysts on average.
Comparable restaurant sales - International - Outback Steakhouse - Brazil: -0.7% versus 2.9% estimated by four analysts on average.
Number of restaurants - U.S. - Fleming?s Prime Steakhouse and Wine Bar - Company-owned: 64 versus 64 estimated by four analysts on average.
Number of restaurants - U.S. - Bonefish Grill - Total: 166 versus the three-analyst average estimate of 171.
Number of restaurants - International - Franchised - Other: 48 compared to the 46 average estimate based on three analysts.
Revenues- Franchise and other revenues: $15.84 million compared to the $15.50 million average estimate based on five analysts. The reported number represents a change of -4.1% year over year.
Revenues- Restaurant sales: $1.18 billion compared to the $1.19 billion average estimate based on five analysts. The reported number represents a change of -4% year over year.
Shares of Bloomin' Brands have returned -8.1% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Bloomin' Brands (BLMN) Q1 Earnings
Bloomin' Brands (BLMN - Free Report) reported $1.2 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 4%. EPS of $0.70 for the same period compares to $0.98 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.2 billion, representing a surprise of -0.53%. The company delivered an EPS surprise of -6.67%, with the consensus EPS estimate being $0.75.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Bloomin' Brands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable restaurant sales - U.S. - Fleming?s Prime Steakhouse and Wine Bar: -2% compared to the -0.9% average estimate based on six analysts.
- Comparable restaurant sales - U.S. - Carrabba?s Italian Grill: 0.4% versus 0.8% estimated by six analysts on average.
- Comparable restaurant sales - U.S. - Outback Steakhouse: -1.2% compared to the -1.6% average estimate based on six analysts.
- Comparable restaurant sales - U.S. - Combined U.S. -1.6% versus -1.4% estimated by six analysts on average.
- Number of restaurants - System-wide total: 1,451 versus the six-analyst average estimate of 1,453.
- Comparable restaurant sales - U.S. - Bonefish Grill: -4.9% versus -3.4% estimated by six analysts on average.
- Comparable restaurant sales - International - Outback Steakhouse - Brazil: -0.7% versus 2.9% estimated by four analysts on average.
- Number of restaurants - U.S. - Fleming?s Prime Steakhouse and Wine Bar - Company-owned: 64 versus 64 estimated by four analysts on average.
- Number of restaurants - U.S. - Bonefish Grill - Total: 166 versus the three-analyst average estimate of 171.
- Number of restaurants - International - Franchised - Other: 48 compared to the 46 average estimate based on three analysts.
- Revenues- Franchise and other revenues: $15.84 million compared to the $15.50 million average estimate based on five analysts. The reported number represents a change of -4.1% year over year.
- Revenues- Restaurant sales: $1.18 billion compared to the $1.19 billion average estimate based on five analysts. The reported number represents a change of -4% year over year.
View all Key Company Metrics for Bloomin' Brands here>>>Shares of Bloomin' Brands have returned -8.1% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.