Why Bloomin’ Brands Shares Are Rising Today



Bloomin’ Brands, Inc. (NASDAQ:BLMN) shares are trading higher on Friday.

The company reported fourth-quarter adjusted earnings per share of 75 cents, beating the street view of 69 cents. Quarterly revenues of $1.194 billion marginally missed the analyst consensus of $1.198 billion.

Adjusted operating margin decreased to 7.5% in the quarter under review from 8.2% in the year-ago period.

Restaurant level operating margin, however, expanded marginally to 16.4% from 16.3%. Restaurant-level operating margin improved slightly due to an increase in average check per person, the impact of certain cost saving …

Full story available on Benzinga.com


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