BLMN - Bloomin' Brands EPS beats by $0.08 beats on revenue

Bloomin' Brands (NASDAQ:BLMN): Q2 Non-GAAP EPS of $0.81; GAAP EPS of $0.75 beats by $0.08. Revenue of $1.08B (+86.7% Y/Y) beats by $30M. Comparable restaurant sales growth of 65.8% at Outback Steakhouse and 84.6% combined U.S. Restaurant-level operating margin was 11.6%. “Q2 represented another quarter of strong results. We are well positioned to grow sales and capture additional market share,” said David Deno, Chief Executive Officer. “We are making great progress improving margins, increasing cash flow and retaining off-premises sales as dining rooms have reopened. Our sales momentum has continued through the first four weeks of the third quarter with U.S. comp sales up 15.2% on a two-year basis versus 2019.” Shares +1.1% PM. Press Release

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Bloomin' Brands EPS beats by $0.08, beats on revenue