Bloomin' Brands, Inc. Aktie News

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Bloomin' Brands, Inc. (BLMN) Q4 2023 Earnings Call Transcript

Bloomin' Brands NASDAQ: BLMN served mixed results for Q4 and provided tepid guidance, but repositioning efforts have the restaurant stock set up to blossom in 2024. A massive closure effort intended to trim older, underperforming assets in favor of new and new assets is underway, and results have begun to show.

Bloomin' Brands Inc. BLMN, -0.56% on Friday reported a lower fourth-quarter profit, but its adjusted earnings for the period beat analyst estimates on a strong holiday season. The owner of Outback Steakhouse, Carrabba's Italian Grill and Bonefish Grill also said the first three weeks of the first quarter were negatively impacted by weather.

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the fourth quarter 2023 (“Q4 2023”) and fiscal year ended December 31, 2023 (“Fiscal Year 2023”) compared to the fourth quarter 2022 (“Q4 2022”) and the fiscal year ended December 25, 2022 (“Fiscal Year 2022”). In 2023, the fourth quarter and fiscal year included an additional operating week (“53rd wee...

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal fourth quarter ended December 31, 2023, on Friday, February 23, 2024, at approximately 6:45 AM EST, which will be followed by a conference call to review its financial results at 8:00 AM EST the same day. The call will be webcast live from the Company's website at http://www.bloominbrands.com ...

Bloomin' Brands looks undervalued compared to its, likely, two closest peers. Starboard Value's very large stake in the company shows it sees a real opportunity there. The recently announced Cooperation Agreement kickstarts Starboard's involvement in the company's management and has great potential to increase shareholder value.

It's time for stock buyers to feast on beaten-down names whose earnings are fairly sensitive to changes in economic demand.