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

Posted by Brenda Bartman on Aug 5th, 2026

Bloomin’ Brands (NASDAQ:BLMN – Get Free Report) posted its quarterly earnings results on Wednesday. The restaurant operator reported $0.39 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 28.00% and a net margin of 0.55%.Bloomin’ Brands’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share. 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 Price Performance

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

Analysts Set New Price Targets

BLMN has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Sanford C. Bernstein set a $9.00 target price on Bloomin’ Brands in a report on Thursday, May 7th. UBS Group boosted 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. The Goldman Sachs Group lifted their target price on Bloomin’ Brands from $6.00 to $8.50 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, 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 report on Friday, April 24th. Six equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $8.53.

Get Our Latest Analysis on BLMN

Hedge Funds Weigh In On Bloomin’ Brands

Large investors have recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Bloomin’ Brands during the fourth quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Bloomin’ Brands by 83,825.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,357 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 3,353 shares during the period. PNC Financial Services Group Inc. raised its holdings in 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 valued at $34,000 after buying an additional 1,662 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in Bloomin’ Brands in the 4th quarter valued at approximately $62,000. Finally, Hsbc Holdings PLC acquired a new stake in Bloomin’ Brands during the 4th quarter worth approximately $72,000.

Key Headlines Impacting Bloomin’ Brands

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

Bloomin’ Brands Company Profile

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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.