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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Earnings data Q4 2024

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.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Bloomin' Brands (BLMN) a Great Value Stock Right Now?

The mean of analysts' price targets for Bloomin' Brands (BLMN) points to a 31.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Bloomin' Brands (BLMN) Could Surge 31%: Read This Before Placing a Bet

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.

Bloomin' Brands, Inc. (BLMN) CEO David Deno on Q1 2022 Results - Earnings Call Transcript

Bloomin' Brands (BLMN) delivered earnings and revenue surprises of 8.11% and 1.12%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Bloomin' Brands (BLMN) Beats Q1 Earnings and Revenue Estimates

Bloomin' Brands Inc. BLMN, +3.00% stock soared 6.4% in Friday premarket trading after it reported a first-quarter earnings beat and raised its guidance. The restaurant company posted net income totaling $75.5 million, or 73 cents per share, up from $70.2 million, or 63 cents per share, last year.

Outback parent beats on earnings, raises guidance

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the first quarter 2022 (“Q1 2022”) compared to the first quarter 2021 (“Q1 2021”). CEO Comments “The first quarter was a strong start to the year and sets us up well to achieve our 2022 goals,” said David Deno, CEO. “Our Q1 results reflect both our customer's positive response to investments we have made in quality and service as well as the ongoing execution against our growth strategy. This strategy

Bloomin' Brands Announces 2022 Q1 Financial Results

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal first quarter ended March 27, 2022, on Friday, April 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 ca

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

Bloomin' Brands, Inc. (NASDAQ:BLMN) stock is down 3.2% at $23.69 today, set to close below the recently supportive 10-day moving average for the first time since January.

Is Bloomin' Brands Stock's Valuation as Appetizing as it Appears?

Bloomin' Brands' (BLMN) CEO David Deno on Q4 2021 Results - Earnings Call Transcript

The restaurant owner reported earnings, and investors seemed to like what the company had to say.

Why Bloomin' Brands Stock Jumped 13% in Early Trading Today

The parent of Outback Steakhouse posts fourth-quarter earnings that easily beat estimates, and issues optimistic guidance for the current quarter and 2022.

Bloomin' Brands Stock Spikes as Outback Steakhouse Parent Predicts a Solid 2022

Bloomin' Brands (BLMN) delivered earnings and revenue surprises of 15.38% and 1.33%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Bloomin' Brands (BLMN) Beats Q4 Earnings and Revenue Estimates

Bloomin' Brands Inc. BLMN, -3.85% stock jumped nearly 6% in Friday premarket trading after the Outback parent reported fourth-quarter profit and sales that beat expectations and reinstated its dividend. Net income totaled $60.7 million, or 59 cents per share, after a loss of $14.2 million, or 16 cents per share, last year.

Outback parent Bloomin' Brands beats earnings expectations, reinstates dividend and authorizes $125 million share buyback program

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the fourth quarter 2021 (“Q4 2021”) and fiscal year ended December 26, 2021 (“Fiscal Year 2021”) compared to the fourth quarter 2020 (“Q4 2020”) and fiscal year ended December 27, 2020 (“Fiscal Year 2020”). CEO Comments “Q4 was another quarter of strong results with significant sales, margin and earnings growth,” said David Deno, Chief Executive Officer. “Over the past year we executed against our stra

Bloomin' Brands Announces 2021 Q4 Financial Results with Strong Operating Margin Expansion

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal fourth quarter and full year 2021 ended December 26, 2021, on Friday, February 18, 2022, 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. 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 Comp

Bloomin' Brands, Inc. to Host Fourth Quarter and Fiscal Year 2021 Earnings Conference Call at 8:15 AM EST on February 18, 2022

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq:BLMN) today announced the promotion of Michael Healy to President of Bonefish Grill. The 12-year-veteran of the company will be responsible for long-term sustainable growth for more than 180 restaurants across the United States. Bonefish Grill received Newsweek Magazine's top award for “America's Best Customer Service” in 2020 and in 2021. “Michael's proven leadership to develop and implement strategic plans that facilitate growth will

Michael Healy Appointed President of Bonefish Grill

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Bloomin' Brands, Inc. sales and earnings better than 2019. Bloomin is free cash flow positive and growing earnings.

Bloomin' Brands, Inc. Is Oversold: Buy The Dip

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq:BLMN) today announced the appointment of Astrid Isaacs to Chief Technology Officer for Bloomin' Brands. She will lead the company's technology strategy and platforms, while overseeing the IT, Digital and Loyalty teams. Isaacs will also join the Executive Leadership Team. “Astrid's proven ability to develop and implement technology to enable growth and enhance customer service, while improving productivity, will create a great deal of v

Astrid Isaacs Joins Bloomin' Brands as Chief Technology Officer

Bloomin' Brands, Inc. (BLMN) CEO David Deno on Q3 2021 Results - Earnings Call Transcript

Bloomin' Brands Inc (NASDAQ: BLMN) reported third-quarter FY21 sales growth of 31% year-on-year, to $1.01 billion, missing the analyst consensus of $1.04 billion. Comparable Restaurant Sales in the U.S. grew 18.3% at Outback Steakhouse and 25.5% at Combined U.S.

Bloomin' Brands Shares Plunge On Q3 Revenue Miss, Grim Outlook

Wall Street is worried about growth slowing in the year's final quarter.

Why Bloomin' Brands Stock Was Down 11% Today

Shares of Bloomin' Brands tumbled 11% in morning trading after the restaurant company said it's expecting an additional $170 million in costs next year due to inflation.

News for Bloomin' Brands Stock (BLMN)