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

Bloomin’ Brands (NASDAQ:BLMN) released its quarterly earnings results on Wednesday. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10, FiscalAI reports. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. Bloomin’ Brands had a return on equity of 30.43% and a net margin of 0.70%.The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS. 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

BLMN stock traded up $0.04 during midday trading on Friday, hitting $10.91. The company’s stock had a trading volume of 385,078 shares, compared to its average volume of 2,574,360. The stock has a market cap of $934.48 million, a price-to-earnings ratio of 35.12, a PEG ratio of 9.08 and a beta of 1.22. The company has a quick ratio of 0.19, a current ratio of 0.26 and a debt-to-equity ratio of 1.89. The stock’s 50-day moving average price is $8.38 and its 200 day moving average price is $7.19. Bloomin’ Brands has a 1 year low of $5.19 and a 1 year high of $12.63.

Analysts Set New Price Targets

Several brokerages have recently commented on BLMN. JPMorgan Chase & Co. downgraded Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price objective for the company. in a research note on Friday, April 24th. Weiss Ratings upgraded Bloomin’ Brands from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Citigroup lowered their price target on Bloomin’ Brands from $9.50 to $8.75 and set a “neutral” rating for the company in a research report on Friday, July 24th. Wall Street Zen lowered Bloomin’ Brands from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, UBS Group raised their price objective on Bloomin’ Brands from $6.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Nine analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Bloomin’ Brands has a consensus rating of “Reduce” and an average price target of $9.53.

Hedge Funds Weigh In On Bloomin’ Brands

Several institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its position in shares of Bloomin’ Brands by 83,825.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 3,353 shares during the period. Quarry LP bought a new stake in shares of Bloomin’ Brands in the 4th quarter worth approximately $25,000. PNC Financial Services Group Inc. raised its holdings in shares of Bloomin’ Brands by 44.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 1,662 shares during the period. Kemnay Advisory Services Inc. bought a new stake in shares of Bloomin’ Brands in the 4th quarter worth approximately $62,000. Finally, Lazard Asset Management LLC lifted its stake in Bloomin’ Brands by 178.1% in the second quarter. Lazard Asset Management LLC now owns 10,378 shares of the restaurant operator’s stock valued at $88,000 after purchasing an additional 6,646 shares during the last quarter.

About Bloomin’ Brands

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.