Bloomin' Brands: Q4 Earnings Snapshot

TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — Bloomin' Brands Inc. (BLMN) on Friday reported fourth-quarter earnings of $43.3 million.

On a per-share basis, the Tampa, Florida-based company said it had net income of 45 cents. Earnings, adjusted for one-time gains and costs, were 75 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The owner of Outback Steakhouse and other casual dining spots posted revenue of $1.19 billion in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $1.2 billion.

For the year, the company reported profit of $247.4 million, or $2.56 per share. Revenue was reported as $4.67 billion.

For the current quarter ending in March, Bloomin' Brands expects its per-share earnings to range from 70 cents to 75 cents.

The company expects full-year earnings in the range of $2.51 to $2.66 per share.

Bloomin' Brands shares have declined 5.5% since the beginning of the year. The stock has decreased roughly 6% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLMN at https://www.zacks.com/ap/BLMN