Bloomin' Brands Q3 Loss Narrower Than Expected, Revenues Rise Y/Y

Impact · against what's priced in

Bloomin' Brands' results are a mix of accounting-driven revenue beats and concerning fundamental deterioration. While the EPS and revenue beats provide a short-term cushion, the accelerating decline in U.S. restaurant traffic suggests the current growth is purely price-driven and unsustainable.

BLMN−0.10

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In context

The beat on adjusted EPS and revenue is undercut by a $13.2 million gift card accounting adjustment and an accelerating decline in U.S. restaurant traffic (-1.8% YoY vs -0.1% last year), indicating poor volume growth.

Read from the article alone

• earnings▲2%
• BLMN
• consumer discretionary
• profit loss
• quarterly results
• restaurants
• revenue beat

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