BLMN - Restaurant Company Bloomin' Brands Cuts Annual Outlook After Mixed Q3 Performance | Benzinga
Bloomin' Brands Inc (NASDAQ: BLMN) reported third-quarter FY23 sales growth of 2.3% year-on-year to $1.079 billion, missing the analyst consensus estimate of $1.085 billion.
Combined U.S. comparable restaurant sales fell 0.5% during the quarter, with a 1.1% decline in Outback Steakhouse and a 3% climb in Carrabba's Italian Grill.
Restaurant sales grew 2.3% Y/Y to $1.1 billion, while Franchise and other revenues rose 0.2% to $15.4 million.
U.S. segment revenue slipped 1% Y/Y to $912.9 million, and ...