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Bloomin' Brands Announces 2024 Q4 Financial Results

1. Bloomin' Brands reports Q4 2024 results, noting a reduced operating week impact. 2. CEO expresses confidence amidst fiscal comparisons with a 53rd week in 2023.

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Why Neutral?

The lack of significant growth indicators or alarming results leads to a neutral rating. Historical data shows similar instances resulted in temporary price stagnation.

How important is it?

The report highlights operational changes impacting revenue expectations, meriting moderate importance.

Why Short Term?

Immediate market response may fluctuate based on quarterly comparisons, but longer-term impacts are less predictable.

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TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the fourth quarter 2024 (“Q4 2024”) and fiscal year ended December 29, 2024 (“Fiscal Year 2024”) compared to the fourth quarter 2023 (“Q4 2023”) and the fiscal year ended December 31, 2023 (“Fiscal Year 2023”). In 2023, the fourth quarter and fiscal year included an additional operating week (“53rd week”) compared to Fiscal Year 2024. CEO Comments “In my first six months, I have become even more confid.

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