Bloomin Brand Gift Card Balance
Bloomin Brand Gift Card Balance - Sorry, we just need to make sure you're not a robot. For best results, please make sure your browser accepts cookies. RayID: 7beffb72bbb54a7d IP: 36.82.97.81 Bloomingdale's makes checking your gift card balance easy and simple. Q1 diluted EPS of $0.93 and adjusted diluted EPS of $0.98 Q1 combined U.S.
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Bloomin Brand Gift Card Balance
Comparable restaurant sales growth of 5.1% reaffirms guidance for full fiscal year 2023 TAMPA, Fla.--( BUSINESS WIRE )--Apr. 28, 2023 - Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the first quarter of 2023 ("Q1 2023") compared to the first quarter of 2022 ("Q1 2022").
CEO's Statement "The first quarter was a strong start to the year and I am pleased with the progress of all of our brands," said David Deno, CEO. "Our first-quarter results reflected the work we're doing to improve the customer experience and drive top-line growth. These efforts have resulted in improved sales and profitability, which positions us well to achieve our
2023. Diluted EPS and Diluted EPS The chart below is for adjusted diluted earnings per share versus diluted earnings per share for the periods indicated: (1) Adjustments for the periods that have been issued to reflect the consideration of the hedge our conversion rate, which offsets the effect of the shares underlying the 2025 Notes. There were no changes in earnings during the periods presented. See Non-GAAP Measures later in this release. (1) Excludes the effect of exchange rates of
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foreign currency and the benefit of exemptions from additional Brazilian taxes.Includes trading day effects from calendar period reports.Share Declaration and Share Purchases On April 18, 2023, the Board of Directors declared a quarterly cash dividend of $0.24 per share, payable. on May 24, 2023 to shareholders at the close of business on May 10, 2023. Through April 26, 2023, we have repurchased 1.1 million shares for a total of $27 million.
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On February 7, 2023, our Board of Directors approved a $125 million authorization (the "2023 Stock Repurchase Program") that will expire on August 7, 2024. There is an authorization of $113 million to repurchase remaining shares under the Program of share repurchases 2023. Q2 2023 Financial Outlook We are reaffirming all aspects of our overall financial guidance as previously stated in our announcement on February 16, 2023. Q2 2023 Financial Outlook The chart below shows our expectations for financial results
selected of the second quarter 2023: (1) For GAAP purposes based on the measurement of the measure, the reduced weight is about 98 million euros. (2) Assuming the number of shares outstanding is approximately 93 million, which includes the benefit of the exchange rate freeze effected in the May 2020 Conference Call, the Company will host a conference call on April 28, 2023 at 8:15 a.m.
EDT. The conference call will be webcast from the Company's website at http://www.bloominbrands.com under the Investors section. A replay of this webcast will be available on the Company's website following the call. Non-GAAP Measures In addition to the results presented in accordance with GAAP, this press release and related tables include certain non-GAAP measures that provide operating results on an adjusted basis.
These additional performance measures are not required or provided in accordance with GAAP and include: (i) restaurant operating income and surplus corresponding to (ii) Additional diluted earnings per share. Restaurant operating cost is a non-GAAP financial measure that is widely regarded in the industry as a metric to evaluate the efficiency and profitability of restaurant operations, restaurant operations, and we use them for these purposes, generally and specifically in the restaurant
ours. two parts. We believe that our use of non-GAAP financial measures allows investors to evaluate the performance of our business relative to our performance based on GAAP and relative to other restaurant companies by combining the effects of certain things that may vary from period to period.
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period. during the period without correlation with the performance of the main activities or vary greatly between similar companies. However, our inclusion of these adjustments should not be construed as an indication that our future results will not be affected by unusual events or unusual events or events for which we have made adjustments that are unusual or infrequent or not
will happen again. We believe that the disclosure of these non-GAAP measures is useful to investors because it is part of the framework for how management and the Board of Directors evaluate our performance, allocate resources and administer incentive plans. These non-GAAP financial measures are not intended to be a substitute for GAAP financial measures and are not intended or comparable to similarly named measures used by other companies.
We maintain internal guidance regarding the types of adjustments we include in our non-GAAP measures. These strategies attempt to predict the types of revenues and expenses that reflect our core business during a period, and which may vary from period to period, that period without any relation to our core performance in that period.
However, application of these guidelines must involve the use of judgment and handling of anything not directly stated or varied in our guidelines will be evaluated by our show committee. You should refer to the reconciliation of non-GAAP measures in tables four, five and six included later in this release for details of adjustments made during the current and prior periods.
About Bloomin' Brands, Inc. Bloomin' Brands, Inc. is one of the world's largest independent restaurant companies with a portfolio of leading and innovative restaurant concepts. The company has four main brands: Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill and Fleming's Prime Steakhouse & Wine Bar.
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The company owns and operates more than 1,450 restaurants in 47 states, Guam and 13 countries, some of which are specialty restaurants. For more information, please visit www.bloominbrands.com. Forward-Looking Statements Certain statements contained herein, including the statements under the headings "CEO Comments," "Fiscal 2023 Financial Outlook" and "Q2 2023 Financial Outlook" are not based on historical facts and are "forward-looking statements" within the meaning of the laws of
applicable to securities. Often, these statements can be identified using words such as "lead," "believe," "goal," "expect," "hope," "on track," "feel," "propose," "seek ", " project, "think," "plan," "may," "have," "should," "could," "could" and similar expressions are intended to be forward-looking statements, although not all forward-looking statements
contain these forward-looking statements. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ from the Company's statements. These risks and uncertainties, including including, but not limited to: consumer response to public health and food safety issues; rising labor costs and changes in labor availability; increased labor costs; unemployment and taxes; competition; disruption or violation of our policies
or loss of customer or employee information; price and availability of goods and other effects of inflation; our dependence on a limited number of suppliers and distributors; the effects of a health crisis and uncertainty about its depth and duration, as well as the impact on economic conditions, federal versus domestic and foreign, state and local responses to disease and consumer behavior;
political, social and legal conditions in international markets and their impact on foreign operations and foreign exchange; our ability to address environmental, social and governance issues; domestic, regional, national and international economic conditions; changes in consumer traffic patterns, consumer tastes and eating habits; the impact of changes in tax laws;
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