NASDAQ$BLMN

Bloomin Brands Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Bloomin' Brands' Q3 2022 financial results were announced, showing consistent brand performance and U.S. comparable sales improvement.

Bloomin' Brands reported strong Q3 2022 results with a 1.4% increase in combined U.S. comparable restaurant sales growth. Diluted EPS was $0.34, and adjusted diluted EPS was $0.35. The company reiterated its full-year adjusted EPS expectations and declared a quarterly cash dividend of $0.14 per share.

  • Q3 combined U.S. comparable restaurant sales grew by 1.4%.
  • Diluted EPS was reported at $0.34, with adjusted diluted EPS at $0.35.
  • The company reiterated its full-year adjusted EPS expectations.
  • A quarterly cash dividend of $0.14 per share was declared.

Headline financials

Total Revenue

$1.06B

Previous: $1.01B+4.5%
EPS (adj)

$0.35

Previous: $0.57-38.6%
U.S. Comparable Sales Growth

1.4%

Previous: 25.5%-94.5%
Capital Expenditures

-$137M

Previous: -$85.3M-60.8%
Free Cash Flow

-$105M

Previous: -$81.9M-28.6%
Net Income

$32M

Previous: $3.45M+827.4%
Operating Income

$51.3M

Previous: $14.8M+245.8%
Gross Profit

$723M

Previous: $706M+2.4%
Cash & Equivalents

$90.7M

Previous: $76.3M+18.8%
Total Assets

$3.22B

Previous: $3.22B+0.0%
Stock-Based Comp

$2.01M

Previous: $5.59M-64.0%

Revenue & EPS history

Bloomin' Brands · Revenue · Quarterly

$1.06B

Q3 2022+4.5%vs Q3 2021
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Revenue by segment

Bloomin' Brands · $1.06B total across 2 segments · Q3 2022

  • Restaurant sales
    $1.04B+4.4%
  • Franchise and other
    $15.4M+12.0%

Forward guidance

Bloomin' Brands provided its Q4 2022 financial outlook, including the impact of Hurricane Ian, which is expected to negatively affect U.S. comparable sales by 0.3% and diluted earnings per share by approximately $0.03.

Tailwinds

  • Total revenues are expected to be between $1.115B and $1.145B.
  • GAAP diluted earnings per share are projected to be $0.61 to $0.71.
  • Adjusted diluted earnings per share are anticipated to be $0.63 to $0.73.

Headwinds

  • Hurricane Ian is expected to negatively impact U.S. comparable sales by 0.3%.
  • Hurricane Ian is expected to decrease diluted earnings per share by approximately $0.03, inclusive of storm-related costs.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+1.2%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-1.2%

Avg return

30 days after

58%

35 / 60 earnings

Positive

+17.3%

Q3 2014

Best reaction

-19.3%

Q2 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.1%+2.3%-10.5%
Q4 2025-2.9%+7.7%-10.4%
Q3 2025+5.1%-7.1%-2.0%
Q1 2025-8.4%+11.1%-4.4%
Q4 2024-16.8%-29.1%-37.7%
Q3 2024-18.0%-19.2%-23.2%
Q2 2024-7.3%-14.5%-7.4%
Q1 2024-4.3%-7.7%-19.4%
Q4 2023+4.8%+4.1%+2.7%
Q3 2023-1.9%-3.4%+2.1%
Q2 2023-5.4%-6.9%+4.4%
Q1 2023+4.7%+4.4%+5.4%
Q4 2022+10.5%+12.9%+2.4%
Q3 2022+6.5%+2.9%+1.2%
Q2 2022+3.6%+7.5%+8.1%
Q1 2022+4.9%+4.3%-2.0%
Q4 2021+8.6%+6.6%-3.0%
Q3 2021-5.1%-2.3%-17.1%
Q2 2021+1.1%+1.5%+9.8%
Q1 2021+9.7%+7.2%+2.6%
Q4 2020+10.5%+13.7%+26.3%
Q3 2020-14.1%-20.8%-3.7%
Q2 2020+7.5%+10.8%+13.8%
Q1 2020+15.5%-7.2%+38.9%
Q4 2019+7.0%+8.9%-72.6%
Q3 2019+10.6%+9.9%+7.4%
Q2 2019-3.8%-5.1%+1.2%
Q1 2019+4.6%+0.3%-6.4%
Q4 2018+12.2%+10.1%+5.9%
Q3 2018+8.0%+11.1%+10.5%
Q2 2018-1.1%-7.3%-1.1%
Q1 2018+2.7%+4.4%-8.9%
Q4 2017+9.5%+6.5%+8.2%
Q3 2017-2.1%-2.1%+23.9%
Q2 2017-11.7%-16.1%-16.3%
Q1 2017+6.3%+10.6%+3.1%
Q4 2016+5.1%-0.2%+3.9%
Q3 2016+2.2%+1.1%+16.2%
Q2 2016-5.2%-5.3%+1.4%
Q1 2016+9.9%
Q4 2015-9.5%
Q3 2015-2.4%
Q2 2015+0.8%
Q1 2015-7.0%
Q4 2014-0.2%
Q1 2012+2.3%
Q3 2014+17.3%
Q2 2014-19.3%
Q1 2014+0.8%
Q4 2013-1.8%
Q3 2013-4.1%
Q2 2013+6.3%
Q1 2013-3.6%
Q4 2010+2.1%
Q1 2011+2.1%
Q4 2012-5.9%
Q3 2012+10.0%
Q2 2011+7.1%
Q4 2011+7.1%
Q2 2012+6.8%
Q3 2011

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