Bloomin’ Brands (NASDAQ:BLMN) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Bloomin’ Brands (NASDAQ:BLMN) issued its quarterly earnings results on Wednesday. The restaurant operator reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10, FiscalAI reports. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm posted $0.32 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. Bloomin’ Brands updated its FY 2026 guidance to 0.900-1.000 EPS and its Q3 2026 guidance to -0.270–0.220 EPS.

Here are the key takeaways from Bloomin’ Brands’ conference call:

• Second-quarter results exceeded the prior year: U.S. comparable restaurant sales rose 2.3%, adjusted EPS increased to $0.39 from $0.32, and adjusted operating margin expanded to 4.0% from 3.5%.
• Management raised full-year 2026 adjusted EPS guidance to $0.90–$1.00 from $0.75–$0.90, citing year-to-date performance, improved sales mix, and stronger cost controls; full-year comparable sales guidance remains 1%–2%.
• The Outback turnaround is showing progress, with guest scores improving for a fourth consecutive quarter and benefits from the upgraded steak lineup, a four-table-per-server peak-hour model, affordable three-course offers, and increased premium-item trading.
• Traffic remained negative at Outback, Carrabba’s, and Fleming’s despite positive comparable sales, partly because the company did not repeat prior-year profit-dilutive delivery promotions; management emphasized that sustainable traffic recovery may take time.
• Commodity inflation was 5.7% in the quarter and is expected to remain approximately 4.5%–5.5% for the year, while third-quarter adjusted EPS is projected at -$0.27 to -$0.22, including about $5 million of tax expense and a roughly $2 million Brazil investment loss.

Bloomin’ Brands Stock Performance

NASDAQ BLMN traded down $0.58 during trading on Thursday, hitting $11.27. 428,040 shares of the company’s stock traded hands, compared to its average volume of 2,562,325. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.19 and a current ratio of 0.26. Bloomin’ Brands has a 12-month low of $5.19 and a 12-month high of $12.63. The stock has a market capitalization of $964.57 million, a price-to-earnings ratio of 45.01, a PEG ratio of 7.11 and a beta of 1.22. The business has a 50 day moving average of $8.33 and a 200-day moving average of $7.17.

More Bloomin’ Brands News

Here are the key news stories impacting Bloomin’ Brands this week:

• Positive Sentiment: Q2 results beat expectations: Adjusted earnings were $0.39 per share versus the $0.29 consensus estimate, while revenue reached $1.02 billion, topping expectations of approximately $1.00 billion and increasing 1.3% year over year. Bloomin’ Brands Announces 2026 Q2 Financial Results
• Positive Sentiment: Higher customer spending supported profitability: Management said Outback diners are purchasing pricier steaks and generating larger average checks. The higher check size helped expand margins and offset a challenging restaurant environment. Bloomin’ Brands Raises Earnings View on Higher Profit, Check Size
• Positive Sentiment: Full-year outlook was raised: Bloomin’ Brands now expects fiscal 2026 EPS of $0.90 to $1.00, above the prior outlook and the $0.88 analyst consensus. Management cited continued execution of the Outback turnaround and stronger margins. Bloomin’ Brands Raises FY26 Profit Outlook
• Neutral Sentiment: The company continues emphasizing consistency in food, service, customer experience and affordability across Outback, Bonefish Grill and other brands. Investors will likely focus on whether the turnaround can produce sustained traffic growth, rather than relying primarily on larger checks.
• Negative Sentiment: Near-term guidance remains below expectations: Bloomin’ Brands forecast a third-quarter adjusted loss of $0.27 to $0.22 per share, worse than the consensus estimate for a $0.19 loss. This suggests seasonal and operating pressures remain despite the improved annual outlook.

Analysts Set New Price Targets

Several research firms recently issued reports on BLMN. UBS Group lifted their price target on shares of Bloomin’ Brands from $6.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $11.00 price target on shares of Bloomin’ Brands in a research note on Thursday. Wall Street Zen downgraded Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Barclays raised their target price on Bloomin’ Brands from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Morgan Stanley set a $12.00 price objective on shares of Bloomin’ Brands in a report on Thursday. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $9.53.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its stake in Bloomin’ Brands by 44.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock worth $34,000 after buying an additional 1,662 shares during the last quarter. Alliancebernstein L.P. increased its stake in Bloomin’ Brands by 2.2% in the third quarter. Alliancebernstein L.P. now owns 97,268 shares of the restaurant operator’s stock valued at $697,000 after purchasing an additional 2,103 shares during the last quarter. Deutsche Bank AG boosted its stake in Bloomin’ Brands by 4.2% during the 4th quarter. Deutsche Bank AG now owns 61,986 shares of the restaurant operator’s stock worth $382,000 after purchasing an additional 2,513 shares during the period. Fox Run Management L.L.C. lifted its holdings in shares of Bloomin’ Brands by 8.6% during the fourth quarter. Fox Run Management L.L.C. now owns 32,265 shares of the restaurant operator’s stock worth $199,000 after purchasing an additional 2,568 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Bloomin’ Brands by 6.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator’s stock worth $333,000 after acquiring an additional 2,622 shares during the last quarter.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the ownership, operation and franchising of casual dining restaurants worldwide. The company’s portfolio includes five full-service restaurant chains: Outback Steakhouse, known for its Australian-inspired steakhouse concept; Carrabba’s Italian Grill, offering Italian-American cuisine; Bonefish Grill, specializing in handcrafted seafood dishes; Fleming’s Prime Steakhouse & Wine Bar, focusing on premium steak and wine experiences; and Aussie Grill by Outback, featuring a streamlined menu of signature items.