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. (NASDAQ: BLMN) is one of the largest casual dining restaurant companies in the world, with a portfolio that includes Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The BLMN news feed on Stock Titan brings together the company’s official announcements, earnings updates and strategic disclosures in one place.
Investors and followers of Bloomin’ Brands can use this page to review the company’s quarterly and annual financial results, including discussions of restaurant sales, franchise and other revenues, restaurant-level operating margin and adjusted non-GAAP metrics. Earnings releases often highlight comparable restaurant sales for each brand, changes in operating margins, and commentary from management on operating priorities and the broader turnaround strategy, particularly for Outback Steakhouse.
News items also cover topics such as leadership and organizational changes, executive appointments, capital allocation decisions, restaurant openings and closures, and transactions involving international operations or franchise structures. For example, the company has issued releases on leadership appointments in finance, information technology, brand management and human resources, as well as on decisions to close selected U.S. restaurants and adjust its dividend policy as part of its turnaround efforts.
This page is useful for tracking how Bloomin’ Brands communicates its focus on simplifying the business, enhancing the guest experience, managing costs and investing in its restaurant base. By following the BLMN news stream, readers can see how the company’s strategy, portfolio actions and financial performance are described over time across its four major casual dining brands.
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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