Outback Steakouse Parent Bloomin Brands Q1 Reserves: Hargen Conficy, Debt High, Outlook Q2 Outlook – Bloomin Brands (Nasdaq: Blum)

Bloomin ‘Brands, Inc. Blum The profits that were modified in the first quarter of 59 cents were reported on Wednesday, overcoming the estimation of the consensus of the 56 cents analysts.

The quarterly sales exceeded $ 1.05 billion (a decrease of 1.8 % on an annual basis) the view of the street of $ 1.03 billion.

The decrease in the total revenue was primarily due to the clear effect of the closure of restaurants and openings and the lower sales of restaurants.

Also read: American restaurants face obstacles to growth while attracting the total opposite winds.

The amended operating income margin in the quarter was contracted to 6.1 % of 7.8 % in the last period.

The operating margin at the restaurant level was contracted to 13.9 % of 15.5 % a year ago, due primarily to low revenues, high operating costs, employment, commodity costs, mainly due to inflation, and an inappropriate product cost mix.

On April 23, the company announced the distribution of quarterly cash profits of $ 0.15 per share, due on June 4, to the record shareholders at the end of the work on May 20.

The company came out of the quarter with money and bonuses worth 57.691 million dollars, and the total debt of 917.610 million dollars.

Expectations: Blooom ‘Brands expects that the modified quadruple profitability in the second quarter is of $ 0.22 and $ 0.27, which is much lower than $ 0.36. The company again confirmed the modified EPS directions for the entire year of 2025 from $ 1.20 to $ 1.40, compared to an estimate of $ 1.30.

“We are moving in a volatile Macro environment and tilting to our abundant daily offers. This is reflected in our current guidelines,” said Mike Spanos, CEO.

Price work: BLMN shares are trading 0.76 % to $ 7.990 in the last selection on Friday.

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