Bloomin’ Brands (NASDAQ:BLMN) Posts Earnings Results, Beats Estimates By $0.07 EPS

Bloomin’ Brands (NASDAQ:BLMN) posted its quarterly earnings results on Friday. The restaurant operator reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.07, FiscalAI reports. The firm had revenue of $944.35 million for the quarter, compared to analysts’ expectations of $925.23 million. Bloomin’ Brands had a net margin of 0.70% and a return on equity of 28.95%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) earnings per share. Bloomin’ Brands updated its FY 2026 guidance to 0.970-1.020 EPS and its Q4 2026 guidance to 0.070-0.120 EPS.

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

• Traffic remained weak despite positive comparable sales. U.S. comps rose 1.9% in Q3 as average check increased 3.7%, while traffic fell 1.8%; management said results were below the industry benchmark. Q4 comp guidance is 0%–1%, partly reflecting holiday calendar shifts, lapping a prior-year promotion, and delayed pricing actions.
• Adjusted diluted loss widened to $0.17 per share from $0.03 a year ago, and adjusted operating margin declined to 0.3% from 0.8%. Restaurant margin fell to 9.3%, pressured by food and labor inflation and turnaround investments.
• Bloomin’ raised and narrowed its full-year adjusted EPS guidance to $0.97–$1.02, from $0.90–$1.00. Net debt declined year over year to about $677 million, and the company refinanced its revolving credit facility with a new five-year agreement.
• Management reported improving Outback guest scores for a fifth consecutive quarter, including gains in service, value, and intent to return, and said the new peak-hour service model is receiving positive feedback. The company remains on track for about 85 Outback restaurant refreshes this year, with nearly all locations targeted for upgrades by the end of 2028.
• An Outback franchisee, Out West, filed for bankruptcy and is selling 61 restaurants; Bloomin’ Brands entered a stalking-horse purchase agreement for the locations. Management said the restaurants continue operating normally, expects no material Q4 impact, and plans to provide more detail after the process advances.

Bloomin’ Brands Stock Down 6.9%

Bloomin’ Brands stock traded down $0.72 during midday trading on Friday, hitting $9.75. 2,844,012 shares of the company’s stock were exchanged, compared to its average volume of 2,516,090. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.18 and a current ratio of 0.25. Bloomin’ Brands has a 12 month low of $5.19 and a 12 month high of $12.63. The firm has a 50-day moving average of $9.21 and a two-hundred day moving average of $7.96. The company has a market cap of $834.80 million, a PE ratio of 31.45, a P/E/G ratio of 2.87 and a beta of 1.30.

Bloomin’ Brands News Summary

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

• Positive Sentiment: Q3 revenue was $944.4 million, above the $925.2 million consensus and up 1.7% year over year. The adjusted loss of $0.17 per share was also narrower than the expected $0.24 loss. Bloomin’ Brands Q3 Loss Narrower Than Expected, Revenues Rise Y/Y
• Positive Sentiment: Management raised its 2026 EPS outlook to $0.97–$1.02, slightly above the $0.96 analyst consensus, citing continued progress in Outback Steakhouse’s turnaround. Outback Steakhouse Owner Raises Profit Outlook as Chain’s Turnaround Continues
• Negative Sentiment: The Q4 EPS forecast of $0.07–$0.12 fell short of the $0.14 consensus, raising concern about near-term earnings. Reports also pointed to weak traffic and cost pressures on margins, helping explain why the quarterly beat and higher annual outlook did not lift sentiment. Weak Holiday-Quarter Outlook Spoils the Party

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BLMN. Morgan Stanley boosted their price objective on shares of Bloomin’ Brands from $8.00 to $12.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of Bloomin’ Brands from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. JPMorgan Chase & Co. raised shares of Bloomin’ Brands from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $6.00 to $13.00 in a research note on Tuesday, September 29th. Veritas Investment Research set a $13.00 price target on shares of Bloomin’ Brands in a research note on Tuesday, September 29th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $12.00 price target on shares of Bloomin’ Brands in a report on Thursday, August 6th. Eleven research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Bloomin’ Brands presently has a consensus rating of “Hold” and an average price target of $11.10.

About Bloomin’ Brands

Bloomin’ Brands, Inc is a restaurant company that owns, operates and franchises a portfolio of casual dining and upscale restaurant concepts. Its principal brands include Outback Steakhouse, known for steaks and other Australian-inspired dishes; Carrabba’s Italian Grill, which serves Italian-American cuisine; Bonefish Grill, focused on seafood and contemporary dishes; and Fleming’s Prime Steakhouse & Wine Bar.

The company’s restaurants offer a range of dine-in, takeout, delivery and catering services, with menus generally centered on full-service meals, specialty beverages and hospitality-oriented dining experiences.