Bloomin' Brands, Inc.
No enriched coverage for $BLMN in the last 7 days.
No SEC Form 4 filings for $BLMN in the last 30 days.
Red Robin, a national burger chain, has appointed Mark Graff, a key executive from Bloomin' Brands, as its new CFO. This appointment comes as Red Robin attempts an operational turnaround following a series of financial losses. Graff's role will be crucial in steering the company's financial strategy during this pivotal period.
Bloomin' Brands director Melanie Marein-Efron's equity stake increased due to RSU activity, involving both the exercise of 19,746 restricted stock units into common shares and a new grant of 23,485 RSUs. This activity is noted as stock-based compensation rather than open-market trades. The report details the vesting schedule of these RSUs and their impact on her common stock holdings.
Bloomin’ Brands Inc. (NASDAQ:BLMN) exceeded fourth-quarter profit expectations with an adjusted EPS of $0.26, surpassing the consensus of $0.24, leading to a 2.21% rise in after-hours trading. However, the casual dining company's revenue of $975.2 million fell short of expectations and included a GAAP loss per share of -$0.14 due to impairment charges. Despite flat combined U.S. comparable restaurant sales, CEO Mike Spanos highlighted Outback Steakhouse's first quarter of positive traffic since Q4 2021.
