Last $22.57 USD
Change Today -0.33 / -1.44%
Volume 544.9K
BLMN On Other Exchanges
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

bloomin' brands inc (BLMN) Snapshot

Open
$22.85
Previous Close
$22.90
Day High
$23.17
Day Low
$22.53
52 Week High
11/26/13 - $27.27
52 Week Low
04/23/13 - $20.03
Market Cap
2.8B
Average Volume 10 Days
905.7K
EPS TTM
$1.86
Shares Outstanding
124.9M
EX-Date
--
P/E TM
12.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for BLOOMIN' BRANDS INC (BLMN)

bloomin' brands inc (BLMN) Details

Bloomin' Brands, Inc., together with its subsidiaries, owns and operates casual, polished casual, and fine dining restaurants. The company operates restaurants under various concepts, including Outback Steakhouse, a casual dining steakhouse; Carrabba’s Italian Grill, an Italian casual dining restaurant; Bonefish Grill, a casual seafood restaurant; Fleming’s Prime Steakhouse and Wine Bar, an upscale, contemporary prime steakhouse; and Roy’s, an upscale dining restaurant. As of March 4, 2014, it owned and operated approximately 1,500 restaurants in 48 states, Puerto Rico, Guam, and 21 countries. The company was incorporated in 2006 and is headquartered in Tampa, Florida.

101,000 Employees
Last Reported Date: 03/3/14
Founded in 2006

bloomin' brands inc (BLMN) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.1M
Chief Financial & Administrative Officer and ...
Total Annual Compensation: $736.8K
Executive Vice President and President of Bon...
Total Annual Compensation: $1.5M
Executive Vice President and President of Out...
Total Annual Compensation: $573.3K
Chief Resources Officer and Executive Vice Pr...
Total Annual Compensation: $551.3K
Compensation as of Fiscal Year 2013.

bloomin' brands inc (BLMN) Key Developments

Bloomin' Brands, Inc. Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2013; Revises Earnings Guidance for Fiscal 2014; Announces Pre-Tax Asset Impairment Charges

Bloomin' Brands, Inc. reported unaudited consolidated financial results for the fourth quarter and year ended December 31, 2013. For the quarter, total revenues were $1,050,555,000 against $998,387,000 for the same period of last year. Income from operations was $31,101,000 against $53,554,000 for the same period of last year. Income before provision for income taxes was $49,402,000 against $23,864,000 for the same period of last year. Net income attributable to the company was $58,982,000 against $18,398,000 for the same period of last year. Earnings per diluted share was $0.46 against $0.15 for the same period of last year. Adjusted income from operations was $64,602,000 against $51,062,000 for the same period of last year. Adjusted net income was $34,178,000 against $25,772,000 for the same period of last year. Adjusted diluted earnings per share was $0.27 against $0.20 for the same period of last year. Adjusted diluted earnings per pro forma share was $0.27 against $0.20 for the same period of last year. Adjusted EBITDA was $109,759,000 against $90,661,000 for the same period of last year. For the year, total revenues were $4,129,230,000 against $3,987,795,000 for the same period of last year. Income from operations was $225,357,000 against $181,137,000 for the same period of last year. Income before provision for income taxes was $172,360,000 against $73,410,000 for the same period of last year. Net income attributable to the company was $208,367,000 against $49,971,000 for the same period of last year. Earnings per diluted share was $1.63 against $0.44 for the same period of last year. Adjusted income from operations was $265,500,000 against $236,908,000 for the same period of last year. Adjusted net income was $142,374,000 against $114,038,000 for the same period of last year. Adjusted diluted earnings per share was $1.11 against $0.99 for the same period of last year. Adjusted diluted earnings per pro forma share was $1.11 against $0.92 for the same period of last year. Adjusted EBITDA was $440,488,000 against $396,306,000 for the same period of last year. On January 3, 2014, the company's Board of Directors approved a change in the company's fiscal year end from a calendar year ending on December 31 to a 52-53 week fiscal year ending on the last Sunday in December, effective beginning with fiscal year 2014. The fiscal year change will be made on a prospective basis and the company will not adjust operating results for prior periods. The change will impact the prior year comparability of each of the company's fiscal quarters and annual period in 2014. The company's change to a 52-53 week fiscal year end results in the loss of three high revenue days in the 2014 fiscal year compared to calendar year reporting. The fiscal year end change is expected to have the following impacts to the 2014 annual financial results as compared to calendar year reporting: Total revenues will be approximately $43.0 million lower; Adjusted net income and GAAP Net income will be approximately $8.2 million lower; and Adjusted diluted earnings per share and GAAP Diluted earnings per share will be approximately $0.06 lower. For the year, now, the company expects total revenues to be at least $4,400 million; Adjusted EBITDA to be at least $493 million; Adjusted net income to be at least $156 million; GAAP Net income attributable to the company to be at least $148 million; Adjusted diluted earnings per share to be at least $1.21 million; GAAP Diluted earnings per share to be at least $1.15; Effective income tax rate to be at least 27.0% - 29.0%; and capital expenditures to be at least $250 - $280 million. The company expects to substantially complete the restaurant closings by the end of the first quarter of 2014. In connection with this initiative, the company incurred pre-tax asset impairment charges of approximately $18.7 million in the fourth quarter of 2013.

Bloomin' Brands, Inc. Plans to Open New Restaurants in 2014

Bloomin' Brands, Inc. plans to expect 55 to 60 new systemwide restaurants globally in 2014.

Bloomin' Brands, Inc. Announces Board of Directors Changes

Bloomin' Brands, Inc. announced changes to its Board of Directors. David R. Fitzjohn was appointed a director of the company and will serve on the Compensation Committee. In addition, J. Michael Chu, a member of the Board of Directors since June 2007, has resigned his position. Both changes are effective February 10, 2014. Fitzjohn is a Managing Director of Sahana Enterprises Ltd. and Sahana Estates Ltd, Chairman of the Board for Pizza Hut (UK) Restaurants and a non-executive member of the Board of Directors and Compensation Committee for Rosinter Restaurants. Previously, Fitzjohn served as Managing Director of Yum! Brands Europe, and has held numerous executive management positions at Burger King, as well as at retailers Grand Metropolitan and Laura Ashley. J. Michael Chu, is a Co-Founder and Managing Partner of Catterton Partners, and served on the Board as Chairman of the Nominating and Governance Committee and a member of the Compensation Committee. With Chu's retirement, James R. Craigie, who has been a director since November 2013, will join the Nominating and Governance Committee and has been elected its Chairman.

 

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BLMN

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Valuation BLMN Industry Range
Price/Earnings 13.9x
Price/Sales 0.7x
Price/Book 5.9x
Price/Cash Flow 7.7x
TEV/Sales 0.3x
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