Last $23.79 USD
Change Today +0.18 / 0.76%
Volume 644.2K
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As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

bloomin' brands inc (BLMN) Key Developments

Bloomin' Brands, Inc. Provides Dividend Guidance for the First Quarter of 2015

Bloomin' Brands, Inc. announced that subject to declaration by the board of directors, the company anticipates that the first quarterly dividend of $0.06 per share will be paid in the first quarter of 2015.

Bloomin' Brands, Inc. - Analyst/Investor Day

To provide a comprehensive update on the growth prospects of portfolio and to lay out financial expectations for the next 3 years

Bloomin' Brands, Inc. Plan to Close 34 Underperforming Restaurants in Korea

Bloomin' Brands, Inc.'s third quarter results also reflect the impact of several decisions. The first of these measures is the plan to close 34 underperforming restaurants in Korea. The company identified 34 locations that were either currently underperforming or were poorly positioned in a mature and saturated CDR market. Analytics suggest that the closure of these locations will remove the majority of financial risk.

Bloomin' Brands, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for 2014

Bloomin' Brands, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, total revenues were $1,065.454 million against $967.569 million a year ago. Loss from operations was $1.121 million against income of $29.51 million a year ago. Loss before provision for income taxes was $14.94 million against income of $12.043 million a year ago. Net loss attributable to the company was $11.443 million or $0.09 per basic and diluted share against income of $11.294 million or $0.09 per basic and diluted share a year ago. Adjusted income from operations was $34.311 million against $35.448 million a year ago. Adjusted net income attributable to the company was $12.629 million or $0.10 per diluted share against $13.185 million or $0.10 per diluted share a year ago. Restaurant sales were $1,059.217 million against $957.507 million a year ago. EBITDA was $47.034 million against $69.028 million a year ago. Adjusted EBITDA was $86.312 million against $78.497 million a year ago. The majority of increase in revenue was due to additional revenues from consolidation of Brazil, new restaurant openings and higher domestic comp sales. These results are partially offset by restaurant closures mainly completed in first quarter and continued sales office in Korea. For the nine months, total revenues were $3,334.225 million against $3,078.675 million a year ago. Income from operations was $151.296 million against $194.256 million a year ago. Income before provision for income taxes was $94.831 million against $122.958 million a year ago. Net income attributable to the company was $68.681 million or $0.54 per diluted share against $149.385 million or $1.16 per diluted share a year ago. Adjusted income from operations was $195.765 million against $200.898 million a year ago. Adjusted net income attributable to the company was $105.34 million or $0.82 per diluted share against $108.196 million or $0.84 per diluted share a year ago. Restaurant sales were $3,314.179 million against $3,047.854 million a year ago. EBITDA was $280.606 million against $296.494 million a year ago. Adjusted EBITDA was $345.254 million against $330.729 million a year ago. For the fiscal 2014, the company expected total revenues in the range of $4,420 million to $4,450 million, adjusted EBITDA in the range of $459 million to $470 million, adjusted net income in the range of $135 million to $141 million, GAAP net income attributable to the company in the range of $87 million to $93 million, adjusted diluted earnings per share in the range of $1.05 to $1.10, GAAP diluted earnings per share in the range of $0.68 to $0.73 against previously expected total revenues in the range of $4,400 million to $4,450 million, adjusted EBITDA in the range of $459 million to $470 million, adjusted net income in the range of $135 million to $141 million, GAAP net income attributable to the company in the range of $120 million to $126 million, adjusted diluted earnings per share in the range of $1.05 to $1.10, GAAP diluted earnings per share in the range of $0.93 to $0.98. The company still anticipate an adjusted effective income tax rate in the range of 27% to 29% and system-wide new restaurant development in the range of 55 to 60 new units. Capital expenditures are now expected to be between $215 million and $235 million for the year.

Bloomin' Brands, Inc. to Report Q3, 2014 Results on Nov 04, 2014

Bloomin' Brands, Inc. announced that they will report Q3, 2014 results at 7:00 AM, US Eastern Standard Time on Nov 04, 2014

 

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Price/Earnings 23.5x
Price/Sales 0.7x
Price/Book 5.2x
Price/Cash Flow 9.4x
TEV/Sales 0.3x
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