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.
