Bloomin' Brands Q4 EPS Down; Guides FY13 Along Street View

(RTTNews.com) - Bloomin' Brands, Inc. ( BLMN ) reported a decline in fourth quarter profit to $18.3 million or $0.15 per share, compared to net income of $30.5 million or $0.28 per share for the year-ago quarter. The latest quarter results were offset by higher expenses.

Excluding items, adjusted net income for the quarter increased to $20.7 million or $0.20 per share from $10.6 million or $0.10 per share in the prior year quarter.

Meanwhile, total revenues for the quarter increased to $998.38 million from $955.63 million a year ago.

Analysts polled by Thomson Reuters expected the company to report a profit of $0.19 per share on revenue of $999.86 million for the fourth quarter. Analysts' estimates typically exclude special items.

For the fiscal 2013, the company expects revenue of about $4.2 billion, while anticipating GAAP and adjusted earnings of at-least $1.06 per share. Analyst currently expect the company to earn $1.06 per share on revenue of $4.23 billion for 2013.

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