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ST. LOUIS -On Wednesday, Bloomin’ Brands (NASDAQ:BLMN) reported fourth quarter earnings that met analyst expectations, while revenue fell short of estimates.
The restaurant company’s shares rose 1.68% following the announcement.
The parent company of Outback Steakhouse and other casual dining chains posted adjusted earnings per share of $0.38 for the fourth quarter, in line with the analyst consensus. Revenue came in at $972 million, below the $1.09 billion analysts had projected.
Compared to the same quarter last year, Bloomin’ Brands’ revenue declined, though the exact percentage was not provided in the available information.
Looking ahead, the company provided guidance for the first quarter of 2025, projecting earnings per share between $0.55 and $0.60. This outlook falls below the current analyst consensus of $0.68 per share.
While Bloomin’ Brands met profit expectations for the quarter, the revenue miss and lower-than-expected outlook for Q1 likely tempered enthusiasm.
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