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) will announce its fiscal second quarter results for the period ending June 26, 2022, on July 29, 2022, at 7:00 AM EDT. Following the announcement, a conference call will be held at 8:15 AM EDT to discuss the financial results, which will be accessible via webcast on the Company’s website. Bloomin’ Brands operates over 1,450 restaurants globally, featuring brands such as Outback Steakhouse and Carrabba’s Italian Grill.
Bloomin' Brands (BLMN) reported strong Q1 2022 results, with comparable restaurant sales growth of 14.0% and diluted EPS of $0.73, up from $0.63 in Q1 2021. Total revenues increased by 15.5% to $1.14 billion. The company raised its full-year outlook for revenues to $4.35B-$4.40B and diluted EPS to $2.23-$2.32. A quarterly cash dividend of $0.14 per share was declared. Despite a decrease in restaurant-level operating margin to 17.1%, the operating income margin improved to 9.4%.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) is set to release its fiscal Q1 results for the period ending March 27, 2022, on April 29, 2022, at 7:00 AM EDT. A conference call to discuss these results will follow at 8:15 AM EDT. Investors can access the live webcast on the company's website, with a replay available afterward. The company operates over 1,450 restaurants globally, including Outback Steakhouse and Carrabba’s Italian Grill.
Bloomin’ Brands, Inc. (BLMN) reported strong Q4 results with diluted EPS of $0.59 and adjusted diluted EPS of $0.60, significantly outperforming Q4 2020's $-0.16. Total revenues rose 28.9% to $1.047 billion, driven by a 20.7% increase in Outback Steakhouse comparable restaurant sales. The company reinstated its quarterly dividend of $0.14 per share and authorized a $125 million share repurchase program. For 2022, it expects revenues between $4.30 billion and $4.35 billion, with diluted EPS guidance of $2.13 to $2.22.
Bloomin' Brands, Inc. (Nasdaq: BLMN) will report its fiscal fourth quarter and full year 2021 results on February 18, 2022, at approximately 7:00 AM EST. A conference call to discuss these results is scheduled for 8:15 AM EST the same day, with a live webcast available on the Company’s website. Bloomin' Brands operates over 1,450 casual dining restaurants, including Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse, across 47 states and 17 countries.
Bloomin’ Brands, Inc. (Nasdaq:BLMN) has announced the promotion of Michael Healy to President of Bonefish Grill. With over 12 years at the company, Healy will focus on sustainable growth for the brand's more than 180 U.S. locations. Healy's tenure at Bloomin’ includes various leadership roles, enhancing his strategic planning capabilities. Under his leadership, Bonefish Grill received Newsweek Magazine’s award for “America’s Best Customer Service” in 2020 and 2021. Bloomin’ Brands operates over 1,450 restaurants globally.
Bloomin’ Brands (Nasdaq:BLMN) has appointed Astrid Isaacs as Chief Technology Officer. Isaacs will oversee the company’s technology strategy, including IT, Digital, and Loyalty teams, and will join the Executive Leadership Team. CEO David Deno highlighted her extensive experience in driving technology for growth and enhancing customer service. Previously, Isaacs held pivotal roles at Bloomin’ Brands and other major restaurant brands, amassing a wealth of relevant expertise. The company operates over 1,450 restaurants globally, representing a broad casual dining portfolio.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) reported Q3 2021 results, showcasing a 31% increase in total revenues to $1,010.5 million, with a diluted EPS of $0.03, up from a loss of $0.20 in Q3 2020. Adjusted diluted EPS rose to $0.57, influenced by strong comparable restaurant sales growth of 18.3% at Outback Steakhouse. Despite inflationary pressures impacting margins, the company remains confident in its growth strategy. Q4 2021 guidance estimates revenues of at least $1.02B and adjusted EPS of at least $0.50.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) will announce its fiscal Q3 results for the period ending September 26, 2021, on November 2, 2021, at 7:00 AM EDT. A conference call will follow at 8:15 AM EDT to discuss these results, which will be available via live webcast on the Company’s website. Bloomin’ Brands operates over 1,450 restaurants globally under brands like Outback Steakhouse and Carrabba’s Italian Grill, presenting a significant presence in the casual dining sector.
Bloomin' Brands (BLMN) reported strong Q2 2021 results, with total revenues reaching $1,077.4 million, an 86.2% increase from Q2 2020. Adjusted diluted EPS rose to $0.81, compared to $(0.74) last year. The company experienced robust U.S. comparable restaurant sales growth of 15.2% in the first four weeks of Q3 relative to 2019.
However, challenges remain, particularly in Brazil, where rising COVID-19 cases have temporarily affected in-restaurant dining capacity.
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