Bloomin’ Brands reports Q3 adjusted EPS 21c, consensus 20c

Reports Q3 revenue $1.04B, consensus $1.04B. Reports Q3 comparable restaurant sales down 1.5%. “In my first 60 days, I have been impressed with the resiliency and capabilities of our team during two hurricanes, as well as the potential that I see in our iconic brands,” said Mike Spanos, CEO. “As I continue listening and learning during this evaluative period, it is clear to me that our path to sustainable sales and profit growth will be enabled by our team members executing a consistent and elevated guest experience, focusing first on Outback Steakhouse. Our full year guidance has been updated to reflect our results and near term trends. We are committed to improving our performance.”