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Bloomin’ Brands Inc. raised its profit forecast for the year, but expects weak sales during the holiday season.

ResultsRead the original at Benzinga
Neutral

Bloomin’ Brands beat third-quarter estimates and raised its yearly forecast. But customer traffic and adjusted margins fell, and its holiday-quarter forecast missed expectations, leaving conflicting signals.

BLMN · Bloomin’ Brands Inc.

AI read · Neutral

The AI's read

The higher yearly estimate does not erase the weaker holiday-quarter estimate or the pressure inside its restaurants. Fewer customers came in, and adjusted restaurant margins and the company’s adjusted profit measure fell as food, labor and advertising costs rose. Together, these facts leave the outlook mixed.

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