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00:02Blumen Brands raised its full-year adjusted earnings outlook
00:06after reporting a narrower third-quarter loss and revenue that topped expectations,
00:11according to The Wall Street Journal.
00:13The Outback Steakhouse parent reported an adjusted loss of $0.17 per share,
00:18beating estimates for a $0.24 loss.
00:20Revenue rose 1.7% to $944.3 million,
00:25above expectations of $925.2 million.
00:30U.S. same-store sales increased 1.9%, led by Bonefish Grill.
00:36Blumen Brands now expects full-year adjusted earnings of $0.97 to $1.02 per share,
00:43up from its previous forecast of $0.90 to $1.
00:46CEO Mike Spanos cited continued progress in Outback Steakhouse's turnaround,
00:51including five consecutive quarters of year-over-year improvement in guest scores.
00:56For all things money, visit Benzinga.com.
