Bloomin' Brands Full Year 2024 Earnings: EPS Misses Expectations

Bloomin' Brands (NASDAQ:BLMN) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.95b (down 15% from FY 2023).
• Net loss: US$52.0m (down by 121% from US$247.4m profit in FY 2023).
• US$0.61 loss per share (down from US$2.84 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bloomin' Brands EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are down 19% from a week ago.

Valuation

Our analysis of Bloomin' Brands based on 6 different valuation metrics shows it might be undervalued. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

Valuation is complex, but we're here to simplify it.

Discover if Bloomin' Brands might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.