Bloomin' Brands Third Quarter 2024 Earnings: EPS Misses Expectations

Bloomin' Brands (NASDAQ:BLMN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.04b (down 3.8% from 3Q 2023).
• Net income: US$6.91m (down 85% from 3Q 2023).
• Profit margin: 0.7% (down from 4.1% in 3Q 2023).
• EPS: US$0.081 (down from US$0.50 in 3Q 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 by 61%.

Looking ahead, revenue is expected to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Hospitality industry in the US are expected to grow by 9.8%.

Performance of the American Hospitality industry.

The company's shares are down 20% from a week ago.

Valuation

It's possible that Bloomin' Brands could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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