Bloomin’ Brands (NASDAQ:BLMN) Issues Earnings Results

Bloomin’ Brands (NASDAQ:BLMN) released its quarterly earnings data on Friday. The restaurant operator reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.07, FiscalAI reports. The company had revenue of $944.35 million for the quarter, compared to the consensus estimate of $925.23 million. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned ($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 Price Performance

NASDAQ:BLMN opened at $9.75 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.25 and a debt-to-equity ratio of 1.62. The firm has a market cap of $834.79 million, a PE ratio of 11.89, a price-to-earnings-growth ratio of 2.55 and a beta of 1.30. Bloomin’ Brands has a 12 month low of $5.19 and a 12 month high of $12.63. The company’s 50-day moving average price is $9.20 and its two-hundred day moving average price is $7.97.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BLMN. Morgan Stanley increased their target price on Bloomin’ Brands from $8.00 to $12.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Piper Sandler boosted their price target on Bloomin’ Brands from $9.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Wall Street Zen upgraded Bloomin’ Brands from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. Veritas Investment Research set a $13.00 price target on Bloomin’ Brands in a research report on Tuesday, September 29th. Finally, Citigroup dropped their price objective on Bloomin’ Brands from $12.75 to $12.25 and set a “neutral” rating for the company in a research note on Friday, October 23rd. Eleven equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Bloomin’ Brands currently has an average rating of “Hold” and an average target price of $11.10.

Key Stories Impacting Bloomin’ Brands

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

Bloomin’ Brands Company Profile

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.