Stock Analysis
- United States
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- Hospitality
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- NasdaqGS:BLMN
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
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About NasdaqGS:BLMN
Bloomin' Brands
Bloomin’ Brands, Inc., through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally.