BLMN opened three new Carrabba’s restaurants and three new Bonefish Grill restaurants in 3Q14. It didn’t open any new Fleming’s restaurants. It plans to sell its Roy’s restaurant business.
According to management, same-store sales in the third quarter mainly grew because of a 0.6% increase in customer traffic. Customer traffic increased 2.8% YoY.
Bonefish Grill is BLMN’s third largest brand in terms of revenues. It mainly serves fresh seafood, chicken, pork, and beef entrees. Alcoholic beverages represent a quarter of its revenues.
Overall, Bloomin’ Brands’ same-store sales increased 3.3% from -0.3% YoY. Same-store sales is driven by traffic and ticket. Outback Steakhouse is the largest brand under BLMN.
Bloomin’ Brands’ (BLMN) third quarter earnings were released on November 4. The company reported diluted earnings per share (or EPS) of $-0.09. The adjusted EPS was $0.10.
NVIDIA’s evolving and improving product pipeline, combined with the strength in its core markets, are positive for the company. For 4Q14, NVIDIA estimates its revenue to be ~$1.2 billion.
Currently, there are more than six million cars using NVIDIA’s Tegra processors. The company expects that another 25 million Tegra processors will be integrated into vehicles in the next five years.
In Asia, cost-conscious consumers prefer to use PCs to play high-end games. They use PCs instead of buying expensive gaming consoles from vendors.
A loss of technology leadership means that NVIDIA will lose its competitive advantage. This will lead to lower margins through lower revenues and increased R&D spending.
With $11 billion in market capitalization, NVIDIA (NVDA) has strong financials. It generates revenue by selling its products. It also generates revenue by licensing its technologies.
In fiscal year 2014, GPUs contributed 84% to NVIDIA’s overall revenues. In its 1Q15 earnings release, NVIDIA stated that it commands a 64% share of PC’s discrete graphics market.
Unlike other semiconductor companies, NVIDIA (NVDA) pays dividends to its shareholders. It returned ~$2.17 billion to shareholders, since it restarted its capital return program in 4Q13.
For NVDA investors, growth in the PC Gaming segment was a positive sign. The company recorded a 10% and 13% YoY and quarter-over-quarter increase in its GPU sales.
Through GRID gaming services, NVIDIA plans to employ the same technology that it did with SHIELD. It will be built on Google’s (GOOGL) Android operating system through cloud.
In early 2013, NVIDIA (NVDA) announced Project SHIELD. SHIELD is the world’s first gaming portable for the open platform that’s designed for modern gamers.
In 1Q15, NVIDIA launched the Jetson TK1. It’s a development platform that’s aimed at automotive, robotics, defense, and embedded applications.
On November 20, 2014, NVIDIA (NVDA) was the latest company to announce its 3Q15 earnings review. NVIDIA’s revenue was $1.23 billion. NVIDIA’s revenue beat analysts’ expectations.
About 60% of Pilgrim’s sales in 2013 were from fresh chicken products, 30% from prepared chicken products, and 10% from exports and value-added chicken products.
Pilgrim’s Pride has a market cap of $7.2 billion and is a subsidiary of JBS USA Holdings, which owns 75.5% of the company.
The resulting best EV/best EBITDA declined only slightly, indicating that analyst estimates about future company earnings remain strong. Despite this performance, the company’s share price began to drop on November 7, 2014.