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The restaurant company lifted its adjusted full-year EPS guidance to 90 cents–$1, up from a prior range of 75 cents–90 cents
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Bloomin' Brands raised its full-year earnings guidance Wednesday after higher menu prices pushed second-quarter profit above analyst expectations. The owner of Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar reported net income of $31.3 million, or 36 cents a share, for the quarter ended June 28, up from $25.4 million, or 30 cents a share, a year earlier.
Adjusted earnings per share came in at 39 cents. Analysts had expected 29 cents, according to The Wall Street Journal.
