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, Inc., trading under the symbol BLMN, is a renowned player in the casual dining restaurant sector. Established in 1988 in Tampa, Florida, the company has grown from its humble beginnings to become a global powerhouse, recognized for its distinctive dining experiences and commitment to customer satisfaction.
The company's portfolio boasts a variety of well-known restaurant brands including Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar. These brands are celebrated for their unique themes and high-quality food and service. Outback Steakhouse, for example, is famed for its Australian-themed ambiance and its slogan 'No rules, just right', which underscores the company's dedication to customer enjoyment.
Bloomin' Brands operates a mix of company-owned and franchised restaurants. In the United States, where it derives the majority of its revenue, the company owns and operates most of its restaurants. Internationally, Bloomin' Brands has a significant presence in countries like Brazil and South Korea with company-owned Outback and Carrabba's locations. Additionally, the company has franchised operations across various countries, particularly in Asia.
Financially, Bloomin' Brands manages its operations through two reportable segments: U.S. and International. This segmentation helps streamline operations and focus resources effectively across different markets. The international segment includes all restaurants outside the U.S., ensuring a tailored approach to each region's market dynamics and consumer preferences.
Recent achievements for Bloomin' Brands include expanding its footprint globally and innovating its menu offerings to meet evolving customer tastes. The company continues to prioritize quality and service excellence, reinforcing its commitment to providing memorable dining experiences.
For investors and potential stakeholders, Bloomin' Brands represents a solid investment opportunity given its robust brand portfolio, strategic international presence, and consistent focus on operational excellence.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) is set to release its financial results for the fiscal first quarter ending March 26, 2023, on April 28, 2023, at 7:00 AM EDT. Following this, a conference call will be held at 8:15 AM EDT to discuss the results in detail.
The company operates over 1,450 restaurants across 47 states, Guam, and 13 countries under brands like Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse and Wine Bar. For updates, interested parties can access the webcast on the company's website.
Bloomin’ Brands (BLMN) reported Q4 2022 diluted EPS of $0.61, up from $0.59 in Q4 2021, while adjusted diluted EPS increased to $0.68 from $0.60. For fiscal 2022, diluted EPS fell to $1.03 compared to $2.00 in 2021, with adjusted diluted EPS at $2.52, down from $2.70. Total revenues rose 4.6% to $1.095 billion in Q4 2022. The company declared a 71% increase in its quarterly cash dividend to $0.24 per share and authorized a new $125 million share repurchase program. The 2023 outlook includes projected diluted EPS of $2.80 to $2.89, supported by benefits from Brazilian tax legislation expected to contribute $23 million to earnings.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) will announce its fiscal fourth quarter and year 2022 results on February 16, 2023, at approximately 7:00 AM EST. A conference call to discuss the financial outcomes will follow at 8:15 AM EST. The event will be accessible via a live webcast on the Company’s website, and a replay will be available post-call. Operating over 1,450 restaurants across 47 states and internationally, Bloomin’ Brands is a prominent player in the casual dining sector with brands such as Outback Steakhouse and Carrabba’s Italian Grill.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) reported Q3 2022 results with 1.4% U.S. comparable restaurant sales growth and diluted EPS of $0.34, up from $0.03 in Q3 2021. Adjusted diluted EPS decreased to $0.35 due to inflationary pressures. Total revenues reached $1,055.8 million, a 4.5% increase year-over-year. The company declared a quarterly cash dividend of $0.14 per share, with increased full-year revenue outlook to $4.436B - $4.466B. Despite these results, margins are under pressure from rising costs.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) will announce its fiscal third quarter results for the period ending September 25, 2022, on October 28, 2022, at approximately 7:00 AM EDT. A conference call to discuss these results is scheduled for the same day at 8:15 AM EDT. The call will be available via webcast on the Company’s website. Bloomin’ Brands operates over 1,450 restaurants across the U.S., Guam, and 15 other countries, featuring brands like Outback Steakhouse and Carrabba’s Italian Grill.
Bloomin' Brands (Nasdaq:BLMN) has appointed Suzann Trevisan as Senior Vice President and Chief Human Resources Officer. Trevisan, who previously served at Owens Corning, will oversee the HR function and join the Executive Leadership Team. CEO David Deno emphasized her expertise in talent management and diversity as vital for the company's culture and long-term growth. Trevisan holds a Bachelor’s degree in Marketing and Human Resources from the University of Michigan.
Grubhub and Bloomin' Brands have expanded their partnership to offer the full range of Bloomin' Brands concepts on Grubhub's platform, including Outback Steakhouse and Carrabba's Italian Grill. This move adds over 1,700 listings nationwide, featuring more than 1,000 restaurant locations and 700 virtual kitchens. Promotions for new and existing diners include discounts of up to 40% for orders over $40. The partnership aims to enhance off-premises dining options and drive increased orders and earnings for delivery partners.
Bloomin' Brands, Inc. (NASDAQ: BLMN) has announced the appointment of Julie Kunkel and Melanie Marein-Efron to its Board of Directors, expanding the board from nine to eleven members. Both will serve as Class I directors and will be up for re-election at the 2023 annual stockholders meeting. Kunkel brings extensive experience from Ernst & Young, and Marein-Efron is currently the CFO of Urban Outfitters. Their financial expertise is expected to enhance the company's growth and Total Shareholder Return commitment.
Bloomin’ Brands, Inc. (Nasdaq:BLMN) has promoted Pat Hafner to President of Carrabba’s Italian Grill. With over 25 years at the company, Hafner previously served as Vice President of Operations and has played a key role in expanding off-premises services, including catering. His notable awards include Restauranteur of the Year by the New Mexico Restaurant Association in 2014 and Outbacker of the Year in 2015. Bloomin’ Brands operates over 1,450 restaurants in 47 states and 20 countries, featuring brands like Outback Steakhouse and Bonefish Grill.
Bloomin’ Brands, Inc. (NASDAQ: BLMN) reported Q2 2022 results, highlighting a total revenue increase of 4.4% year-over-year to $1.125 billion. However, the company recorded a loss per diluted share of $0.72, down from a profit of $0.75 in Q2 2021. Adjusted diluted EPS was $0.68, a decrease of $0.13. The company raised its full-year revenue guidance to $4.40 billion to $4.45 billion but faces challenges from inflation and rising costs. A quarterly cash dividend of $0.14 per share was declared, with a focus on enhancing guest experience and sustainable growth.
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