Bloomin' Brands, Inc. (NASDAQ:BLMN) Q1 2022 Earnings Conference Call April 29, 2022 8:15 AM ET
Company Participants
Mark Graff - Senior Vice President of Investor Relations
David Deno - Chief Executive Officer
Chris Meyer - Executive Vice President & Chief Financial Officer
Conference Call Participants
Jeffrey Bernstein - Barclays
Sharon Zackfia - William Blair
Alex Slagle - Jefferies
John Ivankoe - JPMorgan
John Glass - Morgan Stanley
Lauren Silberman - Credit Suisse
Jeff Farmer - Gordon Haskett
Brian Vaccaro - Raymond James
Brett Levy - MKM Partners
Brian Mullan - Deutsche Bank
Jon Tower - Citi
Operator
Greetings, and welcome to the Bloomin’ Brands Fiscal First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow management’s prepared remarks.
It is now my pleasure to introduce your host, Mark Graff, Senior Vice President of Investor Relations. Thank you, Mr. Graff. You may begin your presentation.
Mark Graff
Thank you, and good morning everyone. With me on today's call are David Deno, our Chief Executive Officer; and Chris Meyer, Executive Vice President and Chief Financial Officer.
By now, you should have access to our fiscal first quarter 2022 earnings release. It can also be found on our website at bloominbrands.com in the Investors section.
Throughout this conference call, we will be presenting results on an adjusted basis. An explanation of our use of non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures appear in our earnings release on our website as previously described.
Before we begin formal remarks, I'd like to remind everyone that part of our discussion today will include forward-looking statements including a discussion of recent trends. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from our forward-looking statements. Some of these risks are mentioned in our earnings release, others are discussed in our SEC filings, which are available at sec.gov.
During today's call, we'll provide a brief recap of our financial performance for the fiscal first quarter 2022, an overview of company highlights, and an update to 2022 guidance. Once we've completed these remarks we'll open up the call for questions.
And with that, I'd now like to turn the call over to David Deno.
David Deno
Well, thank you Mark and welcome to everyone listening today. As noted in this morning's earnings release, adjusted Q1 2022 diluted earnings per share was $0.80 versus $0.72 in Q1 2021, up 11%.