BLMN - Bloomin' Brands jumps as comparable restaurant sales increased 27.9% Y/Y: Q4 Earnings

Bloomin' Brands (NASDAQ:BLMN) is up 10% in early Friday trading after the company reported beat on both lines. Revenue of $1.05B (+29.2% Y/Y) beats consensus by $10M. Q4 Comparable Restaurant Sales Growth of 20.7% Y/Y at Outback Steakhouse; +27.9% Y/Y for combined U.S, and 5.3% on a two-year basis linked to strong retention of off-premises sales.  Restaurant-level operating margin increased to 16.5% vs. 11.8% a year ago. Operating income margin was 7.5%. EBITDA of $116.81M. Non-GAAP EPS of $0.60 beats by $0.08. The company has also reiterated its quarterly dividend at $0.14/share. FY 2022 Guidance: Total revenue is expected to be in the range of $4.30B-$4.35B vs. consensus of $4.36B; EBITDA of $495-$515M; GAAP EPS to be between $2.13-$2.22; and Non-GAAP EPS of $2.35-$2.45 vs. consensus of $2.32

For further details see:

Bloomin' Brands jumps as comparable restaurant sales increased 27.9% Y/Y: Q4 Earnings