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Bloomin' Brands - BLMN STOCK NEWS

Welcome to our dedicated page for Bloomin' Brands news (Ticker: BLMN), a resource for investors and traders seeking the latest updates and insights on Bloomin' Brands stock.

Bloomin' Brands (BLMN) operates iconic casual dining concepts including Outback Steakhouse and Carrabba's Italian Grill. This page aggregates official press releases and verified news about corporate developments, financial performance, and strategic initiatives.

Investors and industry observers will find timely updates on earnings reports, leadership changes, menu innovations, and expansion plans. Our curated collection covers both domestic operations and international franchising activities, providing a holistic view of the company’s market position.

Key updates include quarterly financial results, restaurant openings, partnership announcements, and operational enhancements. Bookmark this page to track how BLMN navigates evolving consumer preferences in the competitive casual dining sector while maintaining its portfolio of differentiated brands.

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Bloomin' Brands, Inc. (Nasdaq: BLMN) has announced its plans to release fiscal 2024 second quarter financial results on Tuesday, August 6, 2024, at approximately 7:00 AM EDT. The company will host a conference call to discuss these results at 8:15 AM EDT on the same day. Investors and interested parties can access the live webcast of the call through the Investors section of the company's website at http://www.bloominbrands.com. For those unable to attend the live call, a replay of the webcast will be made available on the company's website following the event.

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Bloomin’ Brands, Inc. (NASDAQ: BLMN) announced that CEO David Deno will be retiring after 12 years with the company, including the last five years as CEO. The Board of Directors is leading the search for his successor, emphasizing Deno's financial achievements during his tenure amidst the challenges of COVID-19, especially in Brazil. Deno will continue in his role until a successor is named.

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Bloomin' Brands, Inc. reported Q1 2024 financial results with a diluted EPS of $(0.96) and adjusted diluted EPS of $0.70. The company retired $83.6M of convertible notes. Total revenues decreased by 4.0% due to lower comparable restaurant sales and impacts of restaurant closures. The GAAP operating income margin declined to 6.4% from 9.7% in Q1 2023. The company made strategic moves with dividend declaration, share repurchases, and a 2025 notes retirement. They also closed underperforming restaurants under the 2023 Closure Initiative. The fiscal outlook shows commodity inflation reduced to 2-3% and a shift in effective tax rates. The Company is reviewing strategic alternatives for its Brazil operations to maximize shareholder value.

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Bloomin’ Brands, Inc. (BLMN) will host a conference call on May 7, 2024, to discuss its fiscal first quarter results. The call will be webcast live on the company's website.
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Bloomin’ Brands, Inc. (BLMN) reports Q4 Diluted EPS of $0.45 and Adjusted Diluted EPS of $0.75, announces $350 million share repurchase authorization, and provides full-year 2024 financial outlook. The company plans to close underperforming restaurants and expects adjusted diluted earnings per share to exclude certain benefits in 2024.
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Bloomin’ Brands, Inc. (BLMN) is set to release its fiscal fourth-quarter results on February 23, 2024. The company will hold a conference call to discuss its financial performance, which will be webcast live from its website. Investors can access the replay of the webcast on the company's website after the call.
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MOD Pizza (MOD) announced that co-founder Scott Svenson will become the Executive Chairperson, while Beth Scott has joined the company as the Chief Executive Officer. Scott Svenson will continue to support the leadership team and lead the Board. Beth Scott brings over two decades of experience in the restaurant and hospitality industry, having previously held leadership roles at Cooper's Hawk Winery & Restaurants, Bloomin' Brands, Hilton Hotels, and Disney Parks & Resorts.
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Bloomin’ Brands, Inc. (Nasdaq: BLMN) appoints Dave George and Jon Sagal to the Board of Directors in cooperation with Starboard Value LP, owning 9.7% of the company's stock. The company also forms an Operating Committee to identify opportunities for improvement.
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Bloomin’ Brands, Inc. (Nasdaq: BLMN) reported strong Q3 2023 financial results. Diluted EPS increased by 32% to $0.45 compared to Q3 2022, while Adjusted Diluted EPS increased by 26% to $0.44. Total revenues increased by 2.3% to $1,079.8 million. The company updated its 2023 guidance for U.S. comparable restaurant sales and EPS. The CEO expressed confidence in the investments made in food, service, and technology to drive sales and profit growth.
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Starboard Value CEO presents value creation opportunities at Bloomin' Brands and Algonquin Power & Utilities
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Bloomin' Brands

Nasdaq:BLMN

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BLMN Stock Data

675.20M
83.01M
2.47%
106.91%
12.41%
Restaurants
Retail-eating Places
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United States
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