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Bloomin' Brands (BLMN) News

Price: $16.52
Market Cap: $1.40B
Avg Volume: 1.61M

Country: US
Industry: Restaurants
Sector: Consumer Cyclical

Beta: 2.05
52W Range: $15.2-30.13
Website: Bloomin' Brands

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New Strong Sell Stocks for October 3rd

BLMN, CJEWY and CARE have been added to the Zacks Rank #5 (Strong Sell) List on October 3, 2024.

zacks.com

Wall Street's Most Accurate Analysts Spotlight On 3 Consumer Stocks With Over 5% Dividend Yield

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

benzinga.com

New Strong Sell Stocks for August 29th

BLMN, ACLS and AIQUY have been added to the Zacks Rank #5 (Strong Sell) List on August 29, 2024.

zacks.com

Outback Steakhouse Parent Names Former Delta Exec Its New CEO

Outback Steakhouse parent Bloomin' Brands (BLMN) named ex-Delta Air Lines (DAL) Chief Operating Officer Michael Spanos its new chief executive officer (CEO).

investopedia.com

Are Lower Interest Rates the Right Bet on Bloomin' Brands Stock?

Bloomin' Brands Inc. BLMN is the parent company of a diverse group of restaurants, including Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar. I'll comment on the relevance of that later, but right now, growth is slowing to a crawl, and inflation is taking a bite out of the company's earnings.

benzinga.com

Here's What Key Metrics Tell Us About Bloomin' Brands (BLMN) Q2 Earnings

Although the revenue and EPS for Bloomin' Brands (BLMN) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

zacks.com

Bloomin' Brands (BLMN) Q2 Earnings and Revenues Miss Estimates

Bloomin' Brands (BLMN) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.74 per share a year ago.

zacks.com

Bloomin' Brands' stock slides 2.9% after earnings miss and lowered guidance

Bloomin' Brands Inc.'s stock BLMN, -6.78% fell 2.9% early Tuesday, after the operator of Outhouse Steakhouse, Carrabba's Italian Grill, Bonefish Grill and Fleming's Prime Steakhouse & Wine Bar posted weaker-than-expected second-quarter earnings and lowered its full-year guidance. The company had net income of $28.4 million, or 42 cents a share, for the quarter, down from $68.3 million, or 70 cents a share, in the year-earlier period.

marketwatch.com

Analysts Estimate Bloomin' Brands (BLMN) to Report a Decline in Earnings: What to Look Out for

Bloomin' Brands (BLMN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

zacks.com

3 High-Growth, Small-Cap Stocks Flying Under the Radar

On Wall Street, the allure of high-growth small-cap stocks is undeniable. The potential for explosive returns can be a powerful motivator for investors seeking to outperform the market.

investorplace.com

Bloomin' Brands: Recent Pressure On Stock Price Creates An Attractive Investment Opportunity

Massive conversions of convertible debt into equity most likely played a major role in the sharp decline in the stock price over the last 4 months. Should one look at the glass half full, though, a sizeable chunk of the debt maturing in 2025 was shed from the company's balance sheet in the process. The company is in discussions with interested parties regarding the sale of its Brazil business, which, if it materializes, would probably mean a hefty windfall of cash for the company.

seekingalpha.com

Top 3 Consumer Stocks That Could Blast Off In June

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

benzinga.com

Bloomin' Brands, Inc. (BLMN) Q1 2024 Earnings Call Transcript

Bloomin' Brands, Inc. (NASDAQ:BLMN ) Q1 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Company Participants Tara Kurian - Vice President of Corporate Finance and Investor Relations David Deno - Chief Executive Officer Michael Healy - Chief Financial Officer and Executive Vice President, Global Business Development Conference Call Participants Jeffrey Bernstein - Barclays Capital LLC Alexander Slagle - Jefferies Group LLC John Ivankoe - JPMorgan Chase & Co. Sharon Zackfia - William Blair & Company, LLC Brian Harbour - Morgan Stanley Sara Senatore - BofA Securities, Inc. Lauren Silberman - Deutsche Bank Brian Mullan - Piper Sandler Companies Dennis Geiger - UBS Group AG Andrew Strelzik - BMO Capital Markets Operator Greetings, and welcome to the Bloomin' Brands Fiscal First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

seekingalpha.com

Here's What Key Metrics Tell Us About Bloomin' Brands (BLMN) Q1 Earnings

Although the revenue and EPS for Bloomin' Brands (BLMN) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

zacks.com

Bloomin' Brands (BLMN) Q1 Earnings and Revenues Lag Estimates

Bloomin' Brands (BLMN) came out with quarterly earnings of $0.70 per share, missing the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.98 per share a year ago.

zacks.com

Bloomin' Brands CEO David Deno Retiring

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (NASDAQ: BLMN) announced that David Deno, Chief Executive Officer, will be retiring after 12 years with the company, including the last five years as CEO and a member of the Board of Directors. Deno will continue in his current role until a successor is named and a successful transition period is completed. The company's Board of Directors will conduct a search for Deno's successor. “David has strengthened the financial foundation at Bloomin'.

businesswire.com

Bloomin' Brands Announces 2024 Q1 Financial Results

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the first quarter 2024 (“Q1 2024”) compared to the first quarter 2023 (“Q1 2023”). CEO Comments “The first quarter was a solid start to the year, as sales and profit met our expectations,” said David Deno, CEO. “After a slower start, sales trends strengthened throughout the quarter. Our sales performance is well ahead of the casual dining industry as our marketing and operations initiatives are paying.

businesswire.com

Insights Into Bloomin' Brands (BLMN) Q1: Wall Street Projections for Key Metrics

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Bloomin' Brands (BLMN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.

zacks.com

Bloomin' Brands, Inc. to Host Fiscal 2024 First Quarter Earnings Conference Call at 8:00 AM EDT on May 7, 2024

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal first quarter ended March 31, 2024, on Tuesday, May 7, 2024, at approximately 6:45 AM EDT, which will be followed by a conference call to review its financial results at 8:00 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 call.

businesswire.com

5 Mid-Caps to Buy Before the Next Broad Market Sell-Off

Concentration and a dimming outlook for earnings growth (outside of tech) in 2024 have the S&P 500 NYSEARCA: SPY set up for a correction. It may not happen soon, but signs continue to grow, with investors flooding into market leaders like NVIDIA NASDAQ: NVDA, Advanced Micro Devices NASDAQ: AMD, Amazon NASDAQ: AMZN, and Meta Platforms NASDAQ: META, and expectations for rate cuts are receding.

marketbeat.com

Bloomin' Brands' Stock Breakout: New Rally Budding?

Bloomin' Brands Inc. NASDAQ: BLMN is among the latest in a series of companies to be getting attention from activist investors who want to see change that would make their shares grow in value.

marketbeat.com

Bloomin' Brands (BLMN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for Bloomin' Brands (BLMN) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

zacks.com

Bloomin' Brands could blossom in 2024

Bloomin' Brands NASDAQ: BLMN served mixed results for Q4 and provided tepid guidance, but repositioning efforts have the restaurant stock set up to blossom in 2024. A massive closure effort intended to trim older, underperforming assets in favor of new and new assets is underway, and results have begun to show.

marketbeat.com

Bloomin' Brands (BLMN) Tops Q4 Earnings Estimates

Bloomin' Brands (BLMN) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.68 per share a year ago.

zacks.com

Bloomin' Brands adjusted Q4 profit beats estimates but it lowers its Q1 view

Bloomin' Brands Inc. BLMN, -0.56% on Friday reported a lower fourth-quarter profit, but its adjusted earnings for the period beat analyst estimates on a strong holiday season. The owner of Outback Steakhouse, Carrabba's Italian Grill and Bonefish Grill also said the first three weeks of the first quarter were negatively impacted by weather.

marketwatch.com

Bloomin' Brands Announces 2023 Q4 Financial Results

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the fourth quarter 2023 (“Q4 2023”) and fiscal year ended December 31, 2023 (“Fiscal Year 2023”) compared to the fourth quarter 2022 (“Q4 2022”) and the fiscal year ended December 25, 2022 (“Fiscal Year 2022”). In 2023, the fourth quarter and fiscal year included an additional operating week (“53rd week”) compared to Fiscal Year 2022. CEO Comments “The fourth quarter was a good finish to 2023, especial.

businesswire.com

Countdown to Bloomin' Brands (BLMN) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS

Besides Wall Street's top -and-bottom-line estimates for Bloomin' Brands (BLMN), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.

zacks.com

Bloomin' Brands, Inc. to Host Fiscal 2023 Fourth Quarter Earnings Conference Call at 8:00 AM EST on February 23, 2024

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal fourth quarter ended December 31, 2023, on Friday, February 23, 2024, at approximately 6:45 AM EST, which will be followed by a conference call to review its financial results at 8:00 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 Company's website after.

businesswire.com

Bloomin' Brands: Starboard's Involvement Signals Potential For Increased Shareholder Value

Bloomin' Brands looks undervalued compared to its, likely, two closest peers. Starboard Value's very large stake in the company shows it sees a real opportunity there. The recently announced Cooperation Agreement kickstarts Starboard's involvement in the company's management and has great potential to increase shareholder value.

seekingalpha.com

4 Stocks to Buy on a Dip

It's time for stock buyers to feast on beaten-down names whose earnings are fairly sensitive to changes in economic demand.

barrons.com

Outback Steakhouse Parent Bloomin' Brands Pares Back Gains After Adding New Board Members

Shares of Outback Steakhouse parent Bloomin' Brands (BLMN) jumped in early trading Wednesday before paring back gains after announcing two new board members.

investopedia.com

Bloomin' Brands stock higher on cooperation deal with activist investor

Bloomin' Brands Inc, owner of the Outback Steakhouse chain of restaurants, saw its share price rise 3% to $28.06 in early Wednesday trading after Dave George, former chief operating officer of Darden Restaurants (NYSE:DRI), and Starboard Value partner Jon Sagal were appointed to the company's board of directors. The appointments were made as part of a cooperation agreement between Bloomin' Brands and Starboard, which owns about 9.7% of the company's outstanding common shares.

proactiveinvestors.com

Dave George and Jon Sagal Appointed to Bloomin' Brands Board of Directors

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today announced the appointment of Dave George, former Chief Operating Officer of Darden Restaurants, and Jon Sagal, Partner at Starboard Value LP (together with certain of its affiliates, “Starboard”), to the Company's Board of Directors, effective immediately. These appointments have been made in connection with a cooperation agreement entered into between the Company and Starboard, which owns approximately 9.7% of the Company.

businesswire.com

Small-cap surge: Outpacing large caps on hopes for '24 rate cuts

Sure, the S&P 500 has come on strong since late October, but if you compare the three-month performance of the SPDR S&P 500 ETF Trust NYSEARCA: SPY versus the SPDR Portfolio S&P 600 Small Cap ETF NYSEARCA: SPSM:

marketbeat.com

Bloomin' Brands: Upside Remains Attractive Despite Conservative Assumptions

Bloomin' Brands' upside remains attractive despite a fall in share price since my last writeup. Total revenue for BLMN was $1.08 billion, with a positive growth outlook for 4Q23. The company's RLP margin may face headwinds due to elevated beef prices.

seekingalpha.com

Bloomin' Brands, Inc. (BLMN) Q3 2023 Earnings Call Transcript

Bloomin' Brands, Inc. (NASDAQ:BLMN ) Q3 2023 Earnings Conference Call November 3, 2023 8:00 AM ET Company Participants Tara Kurian - Vice President, Corporate Finance and Investor Relations David Deno - Chief Executive Officer Chris Meyer - Executive Vice President and Chief Financial Officer Conference Call Participants Jeffrey Bernstein - Barclays Alex Slagle - Jefferies Sharon Zackfia - William Blair John Ivankoe - JPMorgan Jeff Farmer - Gordon Haskett Katherine Griffin - Bank of America Brian Vaccaro - Raymond James Operator Good morning, and welcome to the Bloomin' Brands, Inc. Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

seekingalpha.com

Bloomin' Brands (BLMN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

The headline numbers for Bloomin' Brands (BLMN) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

zacks.com

Bloomin' Brands (BLMN) Tops Q3 Earnings Estimates

Bloomin' Brands (BLMN) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.35 per share a year ago.

zacks.com

Outback Steakhouse parent Bloomin's Brands stock slides after company lowers guidance in soft market

Outback Steakhouse parent Bloomin' Brands Inc.'s stock BLMN, +0.55% tumbled 6.7% premarket Friday, after the company cut its full-year guidance to reflect a soft casual dining environment. The company is now expecting full-year adjusted EPS of $2.80 to $2.90, down from prior guidance of $2.91 to $3.00.

marketwatch.com

Bloomin' Brands Announces Q3 2023 Financial Results

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the third quarter 2023 (“Q3 2023”) compared to the third quarter 2022 (“Q3 2022”). CEO Comments “We saw strong earnings per share growth in the quarter,” said David Deno, CEO. “We remain focused on driving traffic and maintaining margins as we navigate the near-term sales environment. We are confident that the investments we made in food, service and technology will elevate the guest experience and lea.

businesswire.com

2 tech stocks insisting the hospitality industry is still strong

The post-pandemic pent-up demand generated travel boom may be starting to normalize based on recent data from the airlines. Airlines have cut forecasts but insist demand is still there.

marketbeat.com

Bloomin' Brands (BLMN) Reports Next Week: Wall Street Expects Earnings Growth

Bloomin' Brands (BLMN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

zacks.com

Starboard Value Issues Presentation Delivered at the 2023 Capitalize for Kids Investors Conference

NEW YORK--(BUSINESS WIRE)--Starboard Value LP (together with its affiliates, “Starboard” or “we”) today announced that Jeffrey Smith, the firm's Chief Executive Officer and Chief Investment Officer, delivered a presentation at the 2023 Capitalize for Kids Investors Conference highlighting value creation opportunities at Bloomin' Brands, Inc. (NASDAQ: BLMN) and Algonquin Power & Utilities Corp. (NYSE: AQN) (TSE: AQN). The full presentation and the respective presentations for the aforementio.

businesswire.com

Bloomin' Brands, Inc. to Host Fiscal 2023 Third Quarter Earnings Conference Call at 8:00 AM EDT on November 3, 2023

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal third quarter ended September 24, 2023, on Friday, November 3, 2023, at approximately 6:45 AM EDT, which will be followed by a conference call to review its financial results at 8:00 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.

businesswire.com

These 3 Consumer Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Bloomin Brands (NASDAQ:BLMN), Dick's Sporting Goods (NYSE:DKS)

benzinga.com

3 Tasty Dividend Stocks With Value and Above-Average Yields

Restaurant stocks corrected over the summer due to tepid guidance, setting up a new opportunity for income investors. The guidance calls for growth but slowing growth to be offset by wider margins.

marketbeat.com

Bloomin' Brands: Valuation Remains Appealing, But There Are Still Near-Term Uncertainties

Bloomin' Brands is a casual dining restaurant chain that has made changes and improvements during the pandemic. BLMN's valuation is still attractive compared to peers in the industry. Short-term uncertainties, such as modest SSS growth and the Brazil VAT tax, may cause stock price volatility.

seekingalpha.com

How Outback's success in Brazil is keeping the Australian-style barbecue chain alive

In a country known for its rich barbecue culture, Outback Steakhouse in Brazil has experienced surprising success.

cnbc.com

Activist Starboard has a variety of strategies to build value at Bloomin' Brands

The firm could turn to its value-building playbook for restaurants in this latest engagement with Bloomin' Brands.

cnbc.com

Wall Street's Most Accurate Analysts Say Buy These 3 Consumer Stocks Delivering High-Dividend Yields - Bloomin Brands (NASDAQ:BLMN), Darden Restaurants (NYSE:DRI)

benzinga.com

Bloomin' Brands Announces Board Changes

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (NASDAQ: BLMN) today announced that Rohit Lal, who currently serves as Executive Vice President and Chief Information Officer for Saia Inc., has joined the company's Board of Directors. In addition, R. Michael Mohan, who has served as a Director since 2017, has been named Chairman of the Board. Mohan succeeds Jim Craigie, who has retired as Chairman and as a Director after 10 years of service to Bloomin' Brands. These appointments are part of.

businesswire.com

Why Bloomin' Brands Surged Today

Activist investor Starboard Value disclosed a large stake in Bloomin' Brands, the parent of Outback Steakhouse and others. Starboard has a successful track record with restaurant investments in its past.

fool.com

Outback Steakhouse Stock Surges After Activist Investor Builds Holdings As Restaurant, Grocery Consolidation Widens

Bloomin' Brands jumped early Friday after the WSJ reported Starboard Value is a top-five investor.

investors.com

Outback Steakhouse owner's stock rises after activist Starboard Value buys stake

Starboard Value now owns 9.9% of Bloomin' Brands' shares, according to a regulatory filing.

cnbc.com

Outback Steakhouse owner Bloomin' Brands surges on activist investor interest

Bloomin' Brands shares rose almost 10% in pre-market trade on Friday after it was revealed that activist investor Starboard Value has increased its stake in the company to 9.9%. Per a regulatory filing, the firm now holds 8,623,000 shares of the company, which owns and operates the restaurant chains Outback Steakhouse, Bonefish Grill, Carrabba's Italian Grill and Fleming's Prime Steakhouse & Wine Bar.

proactiveinvestors.com

Outback Steakhouse parent Bloomin' Brands' stock up 5% after Starboard Value confirms 9.9% stake

Bloomin's Brands Inc.'s stock BLMN, -3.47% was up 5% premarket Friday, after activist investor Starboard Value LP confirmed it has built a 9.9% stake in the parent of Outback Steakhouse. The news was reported earlier by the Wall Street Journal.

marketwatch.com

Bloomin' Brands stock rises on WSJ report that Starboard has taken stake

Bloomin' Brands BLMN, -3.47% shares rallied 8% in premarket trade on Friday after the Wall Street Journal reported that activist investor Starboard Value has built a stake in the owner of Outback Steakhouse. The report, citing people familiar with the matter, said Starboard has built a stake of more than 5% in Bloomin' Brands, but it didn't say what Starboard may request from the company.

marketwatch.com

Outback Steakhouse Owner Draws Activist Investor

Starboard Value owns more than 5% of Bloomin' Brands.

wsj.com

Bloomin' Brands (BLMN) Reports Q2 Earnings: What Key Metrics Have to Say

While the top- and bottom-line numbers for Bloomin' Brands (BLMN) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

zacks.com

Bloomin' Brands, Inc. (BLMN) Q2 2023 Earnings Call Transcript

Bloomin' Brands, Inc. (NASDAQ:BLMN ) Q2 2023 Earnings Call Transcript August 1, 2023 8:15 AM ET Company Participants Tara Kurian - VP, Corporate Finance David Deno - Chief Executive Officer Chris Meyer - Executive Vice President and Chief Financial Officer Conference Call Participants Jeffrey Bernstein - Barclays Alex Slagle - Jefferies John Ivankoe - JPMorgan Sharon Zackfia - William Blair Jeff Farmer - Gordon Haskett Sara Senatore - Bank of America Brian Harbour - Morgan Stanley Brian Vaccaro - Raymond James Dennis Geiger - UBS Andrew Strelzik - BMO Operator Greetings, and welcome to the Bloomin' Brands Fiscal Second Quarter 2023 Earnings Conference Call [Operator Instructions]. It is now my pleasure to introduce your host, Tara Kurian, Vice President, Corporate Finance and Investor Relations.

seekingalpha.com

Bloomin' Brands (BLMN) Tops Q2 Earnings and Revenue Estimates

Bloomin' Brands (BLMN) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.68 per share a year ago.

zacks.com

Bloomin' Brands Q2 profit beats Wall Street expectations

Bloomin' Brands Inc. BLMN, -1.83% on Tuesday delivered stronger-than-expected second-quarter profit of $68.28 million, or 70 cents a share, after it reported a year-ago loss of $63.64 million, or 72 cents a share. The operator of Outback Steakhouse, Carrabba's Italian Grill and the Bonefish Grill said its adjusted profit for the second quarter totaled 74 cents a share, ahead of the Wall Street analyst forecast of 64 cents a share, according to estimates compiled by FactSet.

marketwatch.com

Bloomin' Brands Announces Q2 2023 Financial Results

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the second quarter 2023 (“Q2 2023”) compared to the second quarter 2022 (“Q2 2022”). CEO Comments “We delivered another strong quarter of results that continues to highlight the benefits of our portfolio,” said David Deno, CEO. “Earnings for the quarter were above expectations and revenues were in line. Our results reflect the investments we are making to elevate the customer experience as well as the.

businesswire.com

Toast Sets New Standard in Restaurant Management Platforms

At first glance, it's easy to mistake Toast, Inc. NASDAQ: TOST as a delivery application like Door Dash Inc. NASDAQ: DASH or an Uber Technologies Inc. NASDAQ: UBER Uber Eats service when placing a restaurant online order. However, it's a complete restaurant ecosystem management platform.

marketbeat.com

Scoop Up These 4 GARP Stocks to Receive Handsome Returns

The strategy helps investors gain exposure to undervalued stocks with impressive prospects.

247wallst.com

Bloomin' Brands, Inc. (BLMN) Hits Fresh High: Is There Still Room to Run?

Bloomin' Brands (BLMN) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

zacks.com

Despite Fast-paced Momentum, Bloomin' Brands (BLMN) Is Still a Bargain Stock

Bloomin' Brands (BLMN) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

zacks.com

Are Investors Undervaluing Bloomin' Brands (BLMN) Right Now?

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.

zacks.com

Bloomin' Brands, Inc. to Host Fiscal 2023 Second Quarter Earnings Conference Call at 8:15 AM EDT on August 1, 2023

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal second quarter ended June 25, 2023, on Tuesday, August 1, 2023, 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 c.

businesswire.com

Wall Street Analysts Think Bloomin' Brands (BLMN) Is a Good Investment: Is It?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

zacks.com

Bloomin' Brands (BLMN) Is Considered a Good Investment by Brokers: Is That True?

zacks.com

Bloomin' Brands, Inc. (BLMN) Is a Trending Stock: Facts to Know Before Betting on It

Zacks.com users have recently been watching Bloomin' Brands (BLMN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

zacks.com

Wall Street Analysts See Bloomin' Brands (BLMN) as a Buy: Should You Invest?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

zacks.com

Investors Heavily Search Bloomin' Brands, Inc. (BLMN): Here is What You Need to Know

Bloomin' Brands (BLMN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

zacks.com

Bloomin' Brands, Inc. (BLMN) is Attracting Investor Attention: Here is What You Should Know

Recently, Zacks.com users have been paying close attention to Bloomin' Brands (BLMN). This makes it worthwhile to examine what the stock has in store.

zacks.com

Bloomin' Brands: Valuation Is Attractive At 8x Forward Earnings

BLMN reported better-than-expected adjusted EPS of $0.98 and witnessed a significant increase in US comparable sales, driven by growth at Outback and Carrabba's. BLMN is investing in operational enhancements, which aim to improve productivity, streamline operations, and enhance the quality of the final product.

seekingalpha.com

Bloomin' Brands, Inc. (BLMN) Q1 2023 Earnings Call Transcript

Bloomin' Brands, Inc. (BLMN) Q1 2023 Earnings Call Transcript.

seekingalpha.com

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

Bloomin' Brands (BLMN) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.80 per share a year ago.

zacks.com

Bloomin’ Brands Announces 2023 Q1 Financial Results

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin’ Brands, Inc. (Nasdaq: BLMN) today reported results for the first quarter 2023 (“Q1 2023”) compared to the first quarter 2022 (“Q1 2022”). CEO Comments “The first quarter was a strong start to the year, and I am pleased with the progress of all our brands,” said David Deno, CEO. “Our Q1 results reflected the work we are doing to elevate the customer experience and drive healthy top-line growth. These efforts have resulted in enhanced sales and profits, which set us up well to achieve our 2023 goals.” Diluted EPS and Adjusted Diluted EPS The following table reconciles Diluted earnings per share to Adjusted diluted earnings per share for the periods indicated: Q1 2023 2022 CHANGE Diluted earnings per share $ 0.93 $ 0.73 $ 0.20 Adjustments (1) 0.05 0.07 (0.02 ) Adjusted diluted earnings per share (1) $ 0.98 $ 0.80 $ 0.18 ___________________ (1) Adjustments for the periods presented reflect consideration of our convertible note hedge, which offsets the dilutive impact of the shares underlying the 2025 Notes. There were no adjustments to Net income during the periods presented. See Non-GAAP Measures later in this release. First Quarter Financial Results (dollars in millions, unaudited) Q1 2023 Q1 2022 CHANGE Total revenues $ 1,244.7 $ 1,140.5 9.1 % Operating income margin 9.7 % 9.4 % 0.3 % Restaurant-level operating margin (1) 17.9 % 17.1 % 0.8 % ___________________ (1) See Non-GAAP Measures later in this release. The increase in Total revenues was primarily due to: (i) higher comparable restaurant sales, (ii) the net impact of restaurant openings and closures, (iii) the benefit of Brazil value added tax exemptions and (iv) the effect of foreign currency translation. Operating income margin improved from Q1 2022 due to: (i) increases in comparable restaurant sales, primarily driven by an increase in menu pricing and lapping the impact of COVID-19 in Brazil and Hong Kong, (ii) the impact of certain cost saving initiatives and (iii) the benefit of Brazil value added tax exemptions. These increases were partially offset by commodity, labor and operating expense inflation. First Quarter Comparable Restaurant Sales THIRTEEN WEEKS ENDED MARCH 26, 2023 COMPANY-OWNED Comparable restaurant sales (stores open 18 months or more): U.S. Outback Steakhouse 4.9 % Carrabba’s Italian Grill 6.7 % Bonefish Grill 5.2 % Fleming’s Prime Steakhouse & Wine Bar 3.6 % Combined U.S. 5.1 % International Outback Steakhouse - Brazil (1) 14.3 % _________________ (1) Excludes the effect of fluctuations in foreign currency rates and the benefit of Brazil value added tax exemptions. Includes trading day impact from calendar period reporting. Dividend Declaration and Share Repurchases On April 18, 2023, our Board of Directors declared a quarterly cash dividend of $0.24 per share, payable on May 24, 2023 to stockholders of record at the close of business on May 10, 2023. Through April 26, 2023, we repurchased 1.1 million shares for a total of $27 million. On February 7, 2023, our Board of Directors approved a $125 million authorization (the “2023 Share Repurchase Program”) that will expire on August 7, 2024. We have $113 million of share repurchase authorization remaining under the 2023 Share Repurchase Program. Fiscal 2023 Financial Outlook We are reaffirming all aspects of our full-year financial guidance as previously communicated in our February 16, 2023 earnings release. Q2 2023 Financial Outlook The table below presents our expectations for selected fiscal Q2 2023 operating results: Financial Results: Q2 2023 Outlook U.S. comparable restaurant sales 0.5% to 1.5% GAAP diluted earnings per share (1) $0.59 to $0.64 Adjusted diluted earnings per share (2) $0.62 to $0.67 _________________ (1) For GAAP purposes assumes weighted average diluted shares of approximately 98 million. (2) Assumes weighted average adjusted diluted shares of approximately 93 million, which includes the benefit of the convertible note hedge entered into in May 2020. Conference Call The Company will host a conference call today, April 28, 2023 at 8:15 AM EDT. The conference 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 call. Non-GAAP Measures In addition to the results provided in accordance with GAAP, this press release and related tables include certain non-GAAP measures, which present operating results on an adjusted basis. These are supplemental measures of performance that are not required by or presented in accordance with GAAP and include: (i) Restaurant-level operating income and the corresponding margin and (ii) Adjusted diluted earnings per share. Restaurant-level operating margin is a non-GAAP financial measure widely regarded in the industry as a useful metric to evaluate restaurant-level operating efficiency and performance of ongoing restaurant-level operations, and we use it for these purposes, overall and particularly within our two segments. We believe that our use of non-GAAP financial measures permits investors to assess the operating performance of our business relative to our performance based on GAAP results and relative to other companies within the restaurant industry by isolating the effects of certain items that may vary from period to period without correlation to core operating performance or that vary widely among similar companies. However, our inclusion of these adjusted measures should not be construed as an indication that our future results will be unaffected by unusual or infrequent items or that the items for which we have made adjustments are unusual or infrequent or will not recur. We believe that the disclosure of these non-GAAP measures is useful to investors as they form part of the basis for how our management team and Board of Directors evaluate our operating performance, allocate resources and administer employee incentive plans. These non-GAAP financial measures are not intended to replace GAAP financial measures, and they are not necessarily standardized or comparable to similarly titled measures used by other companies. We maintain internal guidelines with respect to the types of adjustments we include in our non-GAAP measures. These guidelines endeavor to differentiate between types of gains and expenses that are reflective of our core operations in a period, and those that may vary from period to period without correlation to our core performance in that period. However, implementation of these guidelines necessarily involves the application of judgment, and the treatment of any items not directly addressed by, or changes to, our guidelines will be considered by our disclosure committee. You should refer to the reconciliations of non-GAAP measures in tables four, five and six included later in this release for descriptions of the actual adjustments made in the current period and the corresponding prior period. About Bloomin’ Brands, Inc. Bloomin’ Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. The Company has four founder-inspired brands: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The Company owns and operates more than 1,450 restaurants in 47 states, Guam and 13 countries, some of which are franchise locations. For more information, please visit www.bloominbrands.com. Forward-Looking Statements Certain statements contained herein, including statements under the headings “CEO Comments”, “Fiscal 2023 Financial Outlook” and “Q2 2023 Financial Outlook” are not based on historical fact and are “forward-looking statements” within the meaning of applicable securities laws. Generally, these statements can be identified by the use of words such as “guidance,” “believes,” “estimates,” “anticipates,” “expects,” “on track,” “feels,” “forecasts,” “seeks,” “projects,” “intends,” “plans,” “may,” “will,” “should,” “could,” “would” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the Company’s forward-looking statements. These risks and uncertainties include, but are not limited to: consumer reaction to public health and food safety issues; increases in labor costs and fluctuations in the availability of employees; increases in unemployment rates and taxes; competition; interruption or breach of our systems or loss of consumer or employee information; price and availability of commodities and other impacts of inflation; our dependence on a limited number of suppliers and distributors; the effects of a health pandemic and uncertainties about its depth and duration, as well as the impacts to economic conditions, the responses of domestic and foreign federal, state and local governments to a pandemic and consumer behavior; political, social and legal conditions in international markets and their effects on foreign operations and foreign currency exchange rates; our ability to address environmental, social and governance matters; local, regional, national and international economic conditions; changes in patterns of consumer traffic, consumer tastes and dietary habits; the effects of changes in tax laws; costs, diversion of management attention and reputational damage from any claims or litigation; government actions and policies; challenges associated with our remodeling, relocation and expansion plans; our ability to preserve the value of and grow our brands; consumer confidence and spending patterns; weather, acts of God and other disasters and the ability or success in executing related business continuity plans; the Company’s ability to make debt payments and planned investments and the Company’s compliance with debt covenants; the cost and availability of credit; interest rate changes; and any impairments in the carrying value of goodwill and other assets. Further information on potential factors that could affect the financial results of the Company and its forward-looking statements is included in its most recent Form 10-K and subsequent filings with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statement, except as may be required by law. These forward-looking statements speak only as of the date of this release. All forward-looking statements are qualified in their entirety by this cautionary statement. Note: Numerical figures included in this release have been subject to rounding adjustments. TABLE ONE BLOOMIN’ BRANDS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) THIRTEEN WEEKS ENDED (in thousands, except per share data) MARCH 26, 2023 MARCH 27, 2022 Revenues Restaurant sales $ 1,228,234 $ 1,123,575 Franchise and other revenues 16,512 16,960 Total revenues 1,244,746 1,140,535 Costs and expenses Food and beverage 384,214 359,370 Labor and other related 341,542 312,511 Other restaurant operating 282,927 259,110 Depreciation and amortization 46,302 41,775 General and administrative 65,804 58,674 Provision for impaired assets and restaurant closings 3,324 1,839 Total costs and expenses 1,124,113 1,033,279 Income from operations 120,633 107,256 Interest expense, net (12,444 ) (13,633 ) Income before provision for income taxes 108,189 93,623 Provision for income taxes 14,761 15,929 Net income 93,428 77,694 Less: net income attributable to noncontrolling interests 2,117 2,183 Net income attributable to Bloomin’ Brands $ 91,311 $ 75,511 Earnings per share: Basic $ 1.02 $ 0.85 Diluted $ 0.93 $ 0.73 Weighted average common shares outstanding: Basic 89,116 89,355 Diluted 98,011 103,454 TABLE TWO BLOOMIN’ BRANDS, INC. SEGMENT RESULTS (UNAUDITED) (dollars in thousands) THIRTEEN WEEKS ENDED U.S. Segment MARCH 26, 2023 MARCH 27, 2022 Revenues Restaurant sales $ 1,080,569 $ 1,023,635 Franchise and other revenues 12,427 12,772 Total revenues $ 1,092,996 $ 1,036,407 International Segment Revenues Restaurant sales (1) $ 147,665 $ 99,940 Franchise and other revenues 4,085 4,188 Total revenues $ 151,750 $ 104,128 Reconciliation of Segment Income from Operations to Consolidated Income from Operations Segment income from operations U.S. $ 133,243 $ 132,226 International 24,508 8,884 Total segment income from operations 157,751 141,110 Unallocated corporate operating expense (37,118 ) (33,854 ) Total income from operations $ 120,633 $ 107,256 ________________ (1) Restaurant sales in Brazil increased $9.6 million during the thirteen weeks ended March 26, 2023 in connection with value added tax exemptions resulting from recent tax legislation. TABLE THREE BLOOMIN’ BRANDS, INC. SUPPLEMENTAL BALANCE SHEET INFORMATION MARCH 26, 2023 DECEMBER 25, 2022 (dollars in thousands) (UNAUDITED) Cash and cash equivalents $ 94,441 $ 84,735 Net working capital (deficit) (1) $ (672,587 ) $ (632,290 ) Total assets $ 3,231,793 $ 3,320,425 Total debt, net $ 767,969 $ 833,292 Total stockholders’ equity $ 322,841 $ 273,909 _________________ (1) We have, and in the future may continue to have, negative working capital balances (as is common for many restaurant companies). We operate successfully with negative working capital because cash collected on restaurant sales is typically received before payment is due on our current liabilities, and our inventory turnover rates require relatively low investment in inventories. Additionally, ongoing cash flows from restaurant operations and gift card sales are typically used to service debt obligations and to make capital expenditures. TABLE FOUR BLOOMIN’ BRANDS, INC. RESTAURANT-LEVEL OPERATING INCOME AND MARGIN NON-GAAP RECONCILIATIONS (UNAUDITED) Consolidated THIRTEEN WEEKS ENDED (dollars in thousands) MARCH 26, 2023 MARCH 27, 2022 Income from operations $ 120,633 $ 107,256 Operating income margin 9.7 % 9.4 % Less: Franchise and other revenues 16,512 16,960 Plus: Depreciation and amortization 46,302 41,775 General and administrative 65,804 58,674 Provision for impaired assets and restaurant closings 3,324 1,839 Restaurant-level operating income (1) $ 219,551 $ 192,584 Restaurant-level operating margin 17.9 % 17.1 % _________________ (1) The following categories of revenue and operating expenses are not included in restaurant-level operating margin because we do not consider them reflective of operating performance at the restaurant-level within a period: (a) Franchise and other revenues, which are earned primarily from franchise royalties and other non-food and beverage revenue streams, such as rental and sublease income. (b) Depreciation and amortization which, although substantially all of which is related to restaurant-level assets, represent historical sunk costs rather than cash outlays for the restaurants. (c) General and administrative expense, which includes primarily non-restaurant-level costs associated with support of the restaurants and other activities at our corporate offices. (d) Asset impairment charges and restaurant closing costs, which are not reflective of ongoing restaurant performance in a period. U.S. THIRTEEN WEEKS ENDED (dollars in thousands) MARCH 26, 2023 MARCH 27, 2022 Income from operations $ 133,243 $ 132,226 Operating income margin 12.2 % 12.8 % Less: Franchise and other revenues 12,427 12,772 Plus: Depreciation and amortization 38,163 34,758 General and administrative 25,505 23,445 Provision for impaired assets and restaurant closings 3,324 58 Restaurant-level operating income $ 187,808 $ 177,715 Restaurant-level operating margin 17.4 % 17.4 % International THIRTEEN WEEKS ENDED (dollars in thousands) MARCH 26, 2023 MARCH 27, 2022 Income from operations $ 24,508 $ 8,884 Operating income margin 16.2 % 8.5 % Less: Franchise and other revenues 4,085 4,188 Plus: Depreciation and amortization 5,919 5,536 General and administrative 7,673 4,928 Provision for impaired assets and restaurant closings — 1,775 Restaurant-level operating income $ 34,015 $ 16,935 Restaurant-level operating margin 23.0 % 16.9 % TABLE FIVE BLOOMIN’ BRANDS, INC. CONSOLIDATED RESTAURANT-LEVEL OPERATING MARGIN NON-GAAP RECONCILIATIONS (UNAUDITED) THIRTEEN WEEKS ENDED FAVORABLE CHANGE YEAR TO DATE MARCH 26, 2023 MARCH 27, 2022 Restaurant sales 100.0 % 100.0 % Food and beverage 31.3 % 32.0 % 0.7 % Labor and other related 27.8 % 27.8 % — % Other restaurant operating 23.0 % 23.1 % 0.1 % Restaurant-level operating margin 17.9 % 17.1 % 0.8 % TABLE SIX BLOOMIN’ BRANDS, INC. ADJUSTED DILUTED EARNINGS PER SHARE NON-GAAP RECONCILIATIONS (UNAUDITED) THIRTEEN WEEKS ENDED (in thousands, except per share data) MARCH 26, 2023 MARCH 27, 2022 Net income attributable to Bloomin’ Brands $ 91,311 $ 75,511 Diluted earnings per share $ 0.93 $ 0.73 Adjusted diluted earnings per share (1) $ 0.98 $ 0.80 Diluted weighted average common shares outstanding 98,011 103,454 Adjusted diluted weighted average common shares outstanding (1) 93,180 94,722 _________________ (1) Adjusted diluted weighted average common shares outstanding was calculated excluding the dilutive effect of 4,831 and 8,732 shares for the thirteen weeks ended March 26, 2023 and March 27, 2022, respectively, to be issued upon conversion of the 2025 Notes to satisfy the amount in excess of the principal since our convertible note hedge offsets the dilutive impact of the shares underlying the 2025 Notes. TABLE SEVEN BLOOMIN’ BRANDS, INC. COMPARATIVE RESTAURANT AND OFF-PREMISES ONLY KITCHEN INFORMATION (UNAUDITED) Number of restaurants: DECEMBER 25, 2022 OPENINGS CLOSURES MARCH 26, 2023 U.S. Outback Steakhouse Company-owned 566 1 (3 ) 564 Franchised 127 — — 127 Total 693 1 (3 ) 691 Carrabba’s Italian Grill Company-owned 199 — — 199 Franchised 19 — — 19 Total 218 — — 218 Bonefish Grill Company-owned 173 — (1 ) 172 Franchised 7 — (2 ) 5 Total 180 — (3 ) 177 Fleming’s Prime Steakhouse & Wine Bar Company-owned 65 — — 65 Aussie Grill Company-owned 7 — — 7 U.S. total 1,163 1 (6 ) 1,158 International Company-owned Outback Steakhouse - Brazil (1) 139 1 — 140 Other (1)(2) 36 — — 36 Franchised Outback Steakhouse - South Korea 86 5 (1 ) 90 Other (2) 47 1 (1 ) 47 International total 308 7 (2 ) 313 System-wide total 1,471 8 (8 ) 1,471 System-wide total - Company-owned 1,185 2 (4 ) 1,183 System-wide total - Franchised 286 6 (4 ) 288 ____________________ (1) The restaurant counts for Brazil, including Abbraccio and Aussie Grill restaurants within International Company-owned Other, are reported as of November 30, 2022 and February 28, 2023, respectively, to correspond with the balance sheet dates of this subsidiary. (2) International Company-owned Other and International Franchised Other each included four Aussie Grill locations as of March 26, 2023. Number of kitchens (1): DECEMBER 25, 2022 OPENINGS CLOSURES MARCH 26, 2023 U.S. Company-owned 1 — — 1 International Franchised - South Korea 35 — (10 ) 25 System-wide total 36 — (10 ) 26 ____________________ (1) Excludes virtual concepts that operate out of existing restaurants and sports venue locations. TABLE EIGHT BLOOMIN’ BRANDS, INC. COMPARABLE RESTAURANT SALES INFORMATION (UNAUDITED) THIRTEEN WEEKS ENDED MARCH 26, 2023 MARCH 27, 2022 Year over year percentage change: Comparable restaurant sales (restaurants open 18 months or more): U.S. (1) Outback Steakhouse 4.9 % 9.2 % Carrabba’s Italian Grill 6.7 % 11.5 % Bonefish Grill 5.2 % 21.3 % Fleming’s Prime Steakhouse & Wine Bar 3.6 % 45.7 % Combined U.S. 5.1 % 14.0 % International Outback Steakhouse - Brazil (2) 14.3 % 35.9 % Traffic: U.S. Outback Steakhouse (1.5 )% (1.0 )% Carrabba’s Italian Grill 1.7 % 3.0 % Bonefish Grill (0.5 )% 7.8 % Fleming’s Prime Steakhouse & Wine Bar 0.2 % 28.8 % Combined U.S. (0.7 )% 1.5 % International Outback Steakhouse - Brazil 2.2 % 28.7 % Average check per person (3): U.S. Outback Steakhouse 6.4 % 10.2 % Carrabba’s Italian Grill 5.0 % 8.5 % Bonefish Grill 5.7 % 13.5 % Fleming’s Prime Steakhouse & Wine Bar 3.4 % 16.9 % Combined U.S. 5.8 % 12.5 % International Outback Steakhouse - Brazil 11.6 % 7.6 % ____________________ (1) Relocated restaurants closed more than 60 days are excluded from comparable restaurant sales until at least 18 months after reopening. (2) Includes trading day impact from calendar period reporting. Excludes the effect of fluctuations in foreign currency rates and the benefit of the Brazil tax legislation. (3) Includes the impact of menu pricing changes, product mix and discounts.

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