Bloomin' Brands (BLMN) reports Q3: everything you need to know ahead of earnings

What happened

Bloomin’ Brands is due to announce earnings this Friday before the market opens. Analysts expect revenue to be flat year on year, versus a 10.6% decline in the same quarter last year. The company beat revenue and earnings-per-share estimates last quarter and raised its full-year earnings-per-share guidance above analyst expectations.

Confirmed

Global impact / market context

The results will show whether Bloomin’ Brands can stabilize sales after last year’s decline. Revenue growth or weakness can affect cash coming into the business, while earnings and updated guidance may shape expectations for spending, operating costs, and the company’s ability to sustain its restaurant business.

Analyst inference

Analyst estimates were generally unchanged over the past 30 days, pointing to expectations that the business will remain on its recent path. The Cheesecake Factory and Brinker International both reported revenue growth above analyst estimates, but their results do not establish how Bloomin’ Brands performed.

Confirmed

What to watch

1. Check reported revenue against the flat year-on-year expectation; a decline would suggest sales remain under pressure, while growth would indicate improvement from last year’s comparable quarter. Analyst inference
2. Read any revised full-year earnings-per-share guidance, meaning the company’s expected profit for each share, for signs that management has changed its outlook after the quarter. Analyst inference
3. Compare earnings and revenue with analysts’ expectations, noting that Bloomin’ Brands missed revenue estimates multiple times over the past two years and beat them last quarter. Confirmed

Evidence

• stockstory.org