Blooming Brands Gift Card Balance
Blooming Brands Gift Card Balance - Bloomingdale's makes checking your gift card balance easy and convenient. RayID: 7bf51d523bae3fab IP: 36.82.97.81 RayID: 7bf51d523baf3fab IP: 36.82.97.81 The MarketWatch news department was not involved in the creation of this content. If a Form 8-K is filed on April 28, 2023 on the reporting date (the date of the initial reported event) pursuant to Sections 13 or 15(d) of the Securities Exchange Act
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Blooming Brands Gift Card Balance
of 1934, check the appropriate box below and simultaneously submit any Act of the registrant Compliance with the obligation Following rules: ? 230,425 written communications pursuant to Rule 425 of the Securities Act (17 CFR) ? Request for material under Exchange Act Rule 14a-12 (17 CFR 240.14a-12)?
Pursuant to the transaction pursuant to Rule 14d-2(b) of the Pre-Commencement Communications Act (17 CFR 240.14d-2(b))? Indicate by check mark whether the registrant is an emerging entity under Rule 13e-4(c) of the Pre-Initiative Communications Act (17 CFR 240.13e-4(c)) according to the Exchange, as as defined in Rule 405 of the Securities Act.
of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). If the entity is a growing entity, indicate by a checkmark to the registrant that it has elected not to use any new or extended transition period for compliance under section 13(a) of the Transfer of
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revised financial accounting standards. ? On April 28, 2023, the Company reported its financial results for the thirteen weeks ended March 26, 2023. A copy of the release is attached as Exhibit 99.1. Schedule 99.1, including the information contained in Item 2.02 of this Current Report on Form 8-K, shall not be considered a “filing” for purposes of Section 18. The Securities Exchange Act of 1934, as
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amended (the “Exchange Act”) or otherwise, will not be subject to, or be deemed incorporated by, any other filing under the Securities Act or the Exchange Act, except as expressly in a specific document. reference in this presentation. 99.1 Bloomin' Brands, Inc. dated April 28, 2023. Press Release 104 Cover Interactive Data File (document embedded in XBRL Online) Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this statement to be signed
on behalf of the duly authorized undersigned. TAMPA, Florida, April 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"). "The first quarter was a good start to the year and I'm pleased with the progress of all our brands," said CEO David Deno.
Our first quarter results reflected the growth we are making to elevate the customer experience and drive a healthy top line. These efforts have resulted in improved sales and profitability, which positions us well to achieve our 2023 goals." The following table combines diluted earnings per share with adjusted diluted earnings per share for the periods indicated: __________________ (1) The adjustment for the periods presented reflects our consideration of the convertible note hedge, which offsets the dilutive impact of the
About Bloomin’ Brands, Inc
shares underlying the 2025 obligations. . There is no change in net income for the periods presented. See Non-GAAP Measures in this release. (Dollars in millions, unaudited) Q1 2023 Q1 2022 Change Total Revenue $1,244.7 $1,140.5 9.1% Operating Income Margin 9.7% 9.4% 0.3% Operating Margin
of all restaurant (1) 17.9% 17.9% 17.1% - Total revenue increase in: (i) Comparable restaurant sales, (ii) net impact of restaurant openings and closings, (iii ) Brazilian value added tax deductions and (iv) foreign currency conversion. -Operating income margin improved from the first quarter of 2022 due to: (i) an increase in comparable restaurant sales, primarily due to higher menu prices and reduced
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impact of COVID-19 in Brazil and Hong Kong, (ii) the impact of certain cost saving initiatives and (iii) the deductions of Brazilian value added tax benefits. These increases were partially offset by inventory, labor and operating cost inflation. Company-Owned Comparable Restaurant Sales (Stores Open 18 Months or More) for the Thirteen Weeks Ended March 26, 2023: Us.
Outback Steakhouse 4.9% Carrappa's Italian Grill 6.7% Bone Fish Grill 5.2% Fleming's Prime Steakhouse & Wine Bar 3.6% Combined USA 5.1% International Outback Steakhouse - Brazil (1) 14.3% __________________ ( 1) Excludes the effect of exchange rate fluctuations and the benefit of Brazil's VAT exemptions.
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The period report includes the impact of the calendar trading day. On April 18, 2023, our board of directors declared a quarterly cash dividend of $0.24 per share, payable to stockholders of record on May 24, 2023, for business on May 10, 2023. Through April 26, 2023, we repurchased 1.1 million shares for a total of $27 million.
On February 7, 2023, our board of directors approved a $125 million authorization (the “2023 Stock Repurchase Plan”) that expires on August 7, 2024. We have $113 million of authorization to repurchase remaining shares under the 2023 Share Repurchase Plan. We reaffirm all aspects of our financial guidance for the full year as previously communicated in the February 16 earnings release
of 2023. The following table presents our expectations for the second quarter of 2023 operations for the selected fiscal year results: _________________ (1) For GAAP purposes, assumes approximately 98 million weighted average diluted shares outstanding. (2) Assumes approximately 93 million weighted average adjusted diluted shares outstanding, which includes the benefit of a convertible note hedge entered into in May 2020. The Company will hold a conference call today, April 28, 2023 at
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8:15 a.m. EDT This conference call will be webcast live from the Company's website at http://www.bloominbrands.com under the Investors section. A replay of the call will be available on the Company's website following the webcast. In addition to the results presented in accordance with GAAP, this press release and related tables contain certain non-GAAP measures that are currently adjusted operating results.
These are subsidiary performance measures that are not required or provided in accordance with GAAP and include: (i) restaurant-level operating income and related margin and (ii) adjusted diluted earnings per share. Restaurant-level operating margin is a non-GAAP financial measure considered in the industry to be a useful metric for evaluating restaurant-level operating performance and the effectiveness of restaurant-level operations, and we use it for these purposes
both in general and specifically within our two segments. We believe that the use of non-GAAP financial measures allows investors to evaluate the operating performance of our business relative to our performance relative to GAAP results and other companies in the restaurant industry by isolating the effects of certain items that vary from
one period to another that are not related. to the industry's core operating performance over a period of time or that vary widely among similar companies. However, our inclusion of these adjusted measures should not be interpreted as an indication that our future results will be unusual or rare items or that they will not be affected by the items we have if the changes made are unusual or rare
or they will not be repeated. We believe that the disclosure of these non-GAAP measures will be useful to investors as they are developed and form part of the basis of how our management team and our board of directors evaluate our operating performance, resource allocation
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