Bloomin' Brands

Bloomin' Brands, Inc. engages in the acquisition, operation, design and development of restaurant concepts. It operates through the following segments: U.S. and International. The U.S. segment operates in USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China. Its brands include Outback Steakhouse, Carrabba's Italian Grill. Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar. The company was founded by Chris Thomas Sullivan, Robert Danker Basham and John Timothy Gannon in March 1988 and is headquartered in Tampa, FL.

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Bloomin' Brands (BLMN) reports robust Q4 earnings and growth strategies

Bloomin' Brands delivered strong financial results in Q4 2022, showcasing resilience and growth potential despite operational challenges.
The company's strategic initiatives for 2023 aim to drive sales, enhance customer experience, and expand market presence across brands and regions.
While facing challenges such as declining traffic and rising expenses, Bloomin' Brands remains focused on leveraging strengths and seizing growth opportunities.
By balancing financial discipline with strategic investments, the company is poised to navigate challenges and capitalize on emerging trends in the industry.

Bloomin' Brands reports robust Q1 earnings, eyes international expansion

Bloomin' Brands delivered a strong Q1 performance with notable growth in sales and margins. While facing challenges in consumer behavior and pricing strategies, the company remains focused on innovation and sustainable growth opportunities. By leveraging technology and strategic initiatives, Bloomin' Brands aims to drive continued success in the competitive restaurant industry.

Bloomin' Brands excels in Q2 2023, eyes growth opportunities

Bloomin' Brands reported strong financial performance in Q2 2023, driven by growth in adjusted EPS, U.S. comparable sales, and international revenue, supported by strategic initiatives.
The company's focus on off-premises sales, digital transformation, and operational efficiencies positions it well for sustained growth and enhanced customer satisfaction.
While facing challenges such as operating expense inflation and pricing strategies, Bloomin' Brands is leveraging opportunities in off-premises trends, new restaurant development, and increased advertising to drive future success.
Overall, Bloomin' Brands remains committed to achieving its annual goals, enhancing the customer experience, and driving sustainable sales and profit growth through a balanced approach to challenges and opportunities.

Bloomin' Brands reports solid Q3 earnings amidst industry challenges

Bloomin' Brands showcased strong financial performance in Q3 2023, with a focus on operational efficiency and strategic growth initiatives.
While facing industry challenges and softer sales projections, the company is leveraging strengths in technology and operational enhancements to drive long-term growth.
Opportunities in digital transformation, guest experience enhancement, and seasonal trends present avenues for sustained performance and market competitiveness.

Bloomin' Brands reports strong Q4 earnings and growth opportunities ahead

Bloomin' Brands delivered strong financial performance in Q4 2023, driven by strategic priorities and improved internal measures, despite challenges from cost pressures and short-term disruptions.
The company's focus on enhancing customer experience, menu simplification, and digital transformation positions it well to capitalize on opportunities for revenue expansion and operational efficiency.
With a strong development pipeline, robust off-premises demand, and a strategic marketing approach, Bloomin' Brands is poised to navigate challenges, leverage strengths, and seize growth opportunities in 2024.
Investments in labor, technology, and menu enhancements, along with a disciplined capital allocation strategy and focus on customer satisfaction, underpin the company's resilience and potential for long-term success.

Bloomin' Brands Q1 2024: Mixed Performance Amid Growth Opportunities

Bloomin' Brands faced challenges in Q1 with declining comparable sales and lower operating margins, while showcasing strengths in brand performance and operational improvements.
The company's focus on remodeling, expansion, and strategic reviews in Brazil presents growth opportunities amidst industry challenges.
CEO retirement plans and debt management are key areas to watch, while initiatives like pricing adjustments and value-centered offerings aim to drive customer loyalty and revenue.
Navigating commodity inflation and consumer spending trends will be crucial, with a strategic outlook on cost management and revenue generation.

Bloomin' Brands reports Q2 earnings, focuses on growth strategies

Bloomin' Brands navigated challenges in Q2 2024 with adjusted diluted earnings per share of $0.51, focusing on driving same-store sales growth and enhancing customer experiences.
Despite industry headwinds, the company remains resilient, with off-premises sales growth and strategic marketing efforts to communicate value to consumers.
While facing declines in certain metrics, Bloomin' Brands is proactively addressing challenges and leveraging opportunities to drive future growth and profitability.
The company's performance in Q3 2024 will be crucial, with a strategic focus on marketing and operational enhancements to overcome market pressures and drive sales.

Bloomin' Brands reports Q3 challenges, focuses on growth opportunities

Bloomin' Brands navigated challenges from industry softness and hurricanes impact, focusing on strategic growth opportunities and brand enhancements.
Executives highlighted the company's confidence in iconic brands, fine dining experience, and plans for expanding Fleming's locations.
Despite revenue decline and margin pressures, Bloomin' Brands remains committed to driving growth and enhancing guest satisfaction.

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Bloomin' Brands, Inc. engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China. Its brands include Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar. The company was founded by Chris Thomas Sullivan, Robert Danker Basham and John Timothy Gannon in March 1988 and is headquartered in Tampa, FL.

TAMPA, Fla,--( BUSINESS WIRE )--Bloomin' Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal fourth quarter and fiscal year 2022 ended December 25, 2022, on Thursday, February 16, 2023, at approximately 7:00 AM EST, which will be followed by a conference call to review its financial results at 8:15 AM EST the same day.

Bloomin' Brands, Inc. to Host Fourth Quarter and Fiscal Year 2022 Earnings Conference Call at 8:15 AM EST on February 16, 2023

Bloomin' Brands, Inc. (NASDAQ:BLMN ) Q3 2022 Earnings Conference Call October 28, 2022 8:15 AM ET Company Participants Mark Graff - SVP-IR David Deno - CEO Chris Meyer - EVP and CFO Conference Call Participants Jeffrey Bernstein - Barclays Alex Slagle - Jefferies Lauren Silberman - Credit Suisse John Ivankoe - JPMorgan Jared Garber - Goldman Sachs Jon Tower - Citigroup Brian Vaccaro - Raymond James Brian Mullan - Deutsche Bank Andrew Strelzik - BMO Capital Markets Dennis Geiger - USB Operator Greetings, and welcome to Bloomin' Brands Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Bloomin' Brands, Inc. (BLMN) Q3 2022 Earnings Call Transcript

Bloomin' Brands (BLMN) delivered earnings and revenue surprises of 6.06% and 0.61%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Bloomin' Brands (BLMN) Tops Q3 Earnings and Revenue Estimates

Bloomin' Brands Inc. stock BLMN, +2.92% rose 2.5% in premarket trade Friday, after the Outback Steakhouse parent posted better-than-expected earnings for the third quarter and raised its full-year revenue guidance. Tampa, Fla.

Outback Steakhouse parent Bloomin' Brands stock up 2.5% premarket after earnings beat

Bloomin' Brands Announces 2022 Q3 Financial Results

Bloomin' Brands, Inc. to Host Fiscal 2022 Third Quarter Earnings Conference Call at 8:15 AM EDT on October 28, 2022

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq:BLMN) today announced the appointment of Suzann Trevisan to Senior Vice President, Chief Human Resources Officer for Bloomin' Brands. Trevisan will lead the company's Human Resources function and join the Executive Leadership Team. “Suzann's depth is grounded in talent management, total rewards and diversity, the foundation of every great human resource practice,” said David Deno, Chief Executive Officer of Bloomin' Brands. “I look for

Suzann Trevisan Joins Bloomin' Brands as Chief Human Resources Officer

Diners can now order from Outback Steakhouse, Carrabba's Italian Grill, and Bonefish Grill, with Fleming's Prime Steakhouse & Wine Bar and Tender Shack coming soon CHICAGO , Sept. 15, 2022 /PRNewswire/ --  Grubhub and Bloomin' Brands, Inc.  (NASDAQ: BLMN) announced today they are expanding their partnership to bring all of Bloomin' Brands concepts to the Grubhub Marketplace.

Grubhub and Bloomin' Brands Expand Partnership with More Restaurants

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (NASDAQ: BLMN) today announced that Julie Kunkel and Melanie Marein-Efron will join the company's Board of Directors. With their appointment, the Board increases its size from nine to 11 members. They will both serve as Class I directors and will stand for re-election at the 2023 annual stockholders meeting; they will also serve on the Board's Audit Committee. Kunkel served as a Partner, Financial Accounting Advisory Services at Ernst & Yo

Bloomin' Brands Announces Additions to Board of Directors

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq:BLMN) announced the promotion of Pat Hafner to President of Carrabba's Italian Grill. He will be responsible for leading the operations and development for approximately 220 Carrabba's restaurants across the United States. Hafner started his career with the company in 1996 and spent 21 years with Outback Steakhouse before moving to Carrabba's Italian Grill to serve as Vice President of Operations. “Pat's commitment to growth and develo

Pat Hafner Promoted to President of Carrabba's Italian Grill

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Bloomin' Brands, Inc. (NASDAQ:BLMN ) Q2 2022 Earnings Conference Call July 29, 2022 8:15 AM ET Company Participants Mark Graff – Senior Vice President-Investor Relations David Deno – Chief Executive Officer Chris Meyer – Executive Vice President and Chief Financial Officer Conference Call Participants Jeffrey Bernstein – Barclays Sharon Zackfia – William Blair Alex Slagle – Jefferies Lauren Silberman – Credit Suisse John Glass – Morgan Stanley John Ivankoe – JPMorgan Jeff Farmer – Gordon Haskett Jon Tower – Citi Brian Vaccaro – Raymond James Jared Garber – Goldman Sachs Brian Mullan – Deutsche Bank Operator Greetings. And welcome to the Bloomin' Brands Fiscal Second Quarter 2022 Earnings Conference Call.

Bloomin' Brands, Inc.'s (BLMN) CEO David Deno on Q2 2022 Results - Earnings Call Transcript

Bloomin' Brands (BLMN) delivered earnings and revenue surprises of 7.94% and 1.81%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Bloomin' Brands (BLMN) Q2 Earnings and Revenues Beat Estimates

Bloomin' Brands Inc. BLMN, +6.57% reported a second-quarter net loss of $63.6 million, or 72 cents per share, after net income of $82.5 million, or 75 cents per share, last year. Adjusted EPS of 68 cents beat the FactSet consensus of 62 cents.

Outback parent Bloomin' Brands beats on earnings and raises revenue outlook but revises profit guidance below expectations

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the second quarter 2022 (“Q2 2022”) compared to the second quarter 2021 (“Q2 2021”). CEO Comments “We delivered another solid quarter of results that highlights the strength of our portfolio,” said David Deno, CEO. “Importantly, we achieved this performance despite increased inflationary headwinds and a softening macro environment in June. The ability to leverage our leading off-premises business, capi

Bloomin' Brands Announces 2022 Q2 Financial Results

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TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal second quarter ended June 26, 2022, on Friday, July 29, 2022, at approximately 7:00 AM EDT, which will be followed by a conference call to review its financial results at 8:15 AM EDT the same day. The call will be webcast live from the Company's website at http://www.bloominbrands.com under the Investors section. A replay of this webcast will be available on the Company's website after the cal

Bloomin' Brands, Inc. to Host Fiscal 2022 Second Quarter Earnings Conference Call at 8:15 AM EDT on July 29, 2022

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Restaurant sales are on the rise after a long time, which is likely to help stocks like BBQ Holdings, Inc. (BBQ), Arcos Dorados Holdings Inc. (ARCO), The ONE Group Hospitality, Inc. (STKS) and Bloomin' Brands, Inc. (BLMN).

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The company posted excellent results and is well on track to achieve its growth targets. The company registered a 15.4% YoY increase in revenue and a ~16% YoY increase in EPS on the back of strong demand, lower leverage, and unit growth.

News for Bloomin' Brands Stock (BLMN)