Bloomin’ Brands (NASDAQ:BLMN) Announces Earnings Results

Bloomin’ Brands (NASDAQ:BLMN) posted its quarterly earnings results on Wednesday. The restaurant operator reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.10, FiscalAI reports. Bloomin’ Brands had a return on equity of 28.00% and a net margin of 0.55%.The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the firm earned $0.32 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. 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

NASDAQ:BLMN traded up $2.93 during mid-day trading on Wednesday, hitting $11.85. 10,728,403 shares of the stock were exchanged, compared to its average volume of 2,579,155. The firm’s 50-day simple moving average is $8.26 and its 200 day simple moving average is $7.14. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 47.40, a price-to-earnings-growth ratio of 7.21 and a beta of 1.22. Bloomin’ Brands has a fifty-two week low of $5.19 and a fifty-two week high of $12.63. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.19 and a current ratio of 0.26.

Wall Street Analyst Weigh In

BLMN has been the subject of several analyst reports. JPMorgan Chase & Co. cut shares of Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 target price for the company. in a research note on Friday, April 24th. Wall Street Zen cut shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Sanford C. Bernstein set a $9.00 price objective on shares of Bloomin’ Brands in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of Bloomin’ Brands from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 15th. Finally, UBS Group lifted their price target on Bloomin’ Brands from $6.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Six equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $8.53.

Bloomin’ Brands News Roundup

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

• Positive Sentiment: Q2 earnings and revenue topped estimates. Adjusted EPS was $0.39, above the roughly $0.28–$0.29 analyst consensus and up from $0.32 a year earlier. Revenue reached $1.02 billion, slightly exceeding expectations of $1.00 billion and increasing 1.3% year over year. Bloomin’ Brands Announces 2026 Q2 Financial Results
• Positive Sentiment: Bloomin’ Brands raised its FY 2026 earnings guidance to $0.90–$1.00 per share from its prior outlook, above the $0.88 consensus estimate. Management cited continued progress in the Outback turnaround and improved execution. Bloomin’ Brands Q2 results and outlook
• Positive Sentiment: Higher average customer checks supported margins. Outback diners reportedly purchased more expensive steaks, helping lift average check sizes and quarterly profit. The company’s larger margins and stronger sales reinforced the turnaround narrative. Bloomin’ Brands raises earnings view
• Neutral Sentiment: The company’s net margin remained thin at 0.55%, while leverage and liquidity metrics remain areas for investor monitoring. The improved quarter was driven more by pricing and mix than by robust sales growth.
• Negative Sentiment: Q3 EPS guidance was weaker than analysts expected. Bloomin’ Brands forecast a loss of $0.22–$0.27 per share, compared with consensus for a $0.19 loss, indicating near-term seasonal or operating pressure. Bloomin’ Brands earnings report

Institutional Investors Weigh In On Bloomin’ Brands

A number of institutional investors have recently modified their holdings of BLMN. Quarry LP bought a new position in Bloomin’ Brands during the fourth quarter worth about $25,000. 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 worth $29,000 after purchasing an additional 3,353 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Bloomin’ Brands by 44.1% during the fourth 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 fourth quarter valued at approximately $62,000. Finally, Hsbc Holdings PLC bought a new position in shares of Bloomin’ Brands in the fourth quarter worth $72,000.

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.