Bloomin' Brands Q1 Profit Misses View - Quick Facts

(RTTNews) - Restaurants operator Bloomin' Brands, Inc. (BLMN) said net income attributable to the company for the 13 weeks ended March 30 declined to $53.73 million from $63.22 million in the three months ended March 31, 2013. Earnings per share fell to $0.42 from $0.50.

Adjusted earnings per share were $0.46 while it totaled $0.50 last year. On average, 12 analysts polled by Thomson Reuters expected earnings of $0.47 per share. Analysts' estimates typically exclude special items.

Total revenues improved to $1.158 billion from $1.092 billion in the prior year, and include the impact of one less operating day due to the change in the company's fiscal year end from a calendar year ending on December 31 to a 52-53 week fiscal year. Analysts expected revenues of $1.16 billion.

The company reaffirmed its full-year guidance for blended core domestic comparable restaurant sales growth of between 1.0 percent and 2 percent and adjusted earnings per share of at least $1.21. Analysts expect earnings of $1.22 per share for the year.