Bloomin Brands IncBLMN
▲ PositiveCapitalrelevance
Q1 earnings beat analyst estimates with revenue of $1.1B and EPS of $0.65, and comparable sales growth reversing prior decline.
Impact on stocks 1
Consumer Discretionary
Bloomin Brands IncBloomin' Brands shares jumped 41% on May 6th after the company reported fiscal first quarter earnings that beat analyst estimates. The restaurant operator posted revenue of $1.1 billion and earnings per share of $0.65, meeting revenue expectations and exceeding profit forecasts. Comparable sales grew 0.9% in the quarter, reversing a 0.5% decline in the prior period, with Bonefish Grill sales up 6% while Outback Steakhouse dipped 0.3%. The stock is down 17.9% over the past year but up 30.7% year-to-date, and Miller Value recently disclosed a new position of two million shares worth $10.9 million.
Bloomin Brands IncQ1 earnings beat analyst estimates with revenue of $1.1B and EPS of $0.65, and comparable sales growth reversing prior decline.