trending Market Intelligence /marketintelligence/en/news-insights/trending/0MqPL1HjnGVUx24qUIzVhA2 content esgSubNav
In This List

Bloomin' Brands profit misses consensus by 15.7% in fiscal Q1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Bloomin' Brands profit misses consensus by 15.7% in fiscal Q1

Bloomin' Brands Inc. said its normalized net income for the fiscal first quarter ended March 29 came to 45 cents per share, compared with the S&P Capital IQ consensus estimate of 53 cents per share.

EPS climbed 17.6% year over year from 38 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $57.9 million, an increase of 18.4% from $48.9 million in the prior-year period.

The normalized profit margin climbed to 4.8% from 4.2% in the year-earlier period.

Total revenue climbed year over year to $1.20 billion from $1.16 billion, and total operating expenses climbed from the prior-year period to $1.09 billion from $1.06 billion.

Reported net income grew 12.7% on an annual basis to $60.5 million, or 47 cents per share, from $53.7 million, or 42 cents per share.