Bloomin’ Brands rises on Q3 beat despite soft Q4 outlook

Bloomin' Brands (BLMN) updated its FY2026 EPS guidance to $0.97-$1.02 and expects 1%-1.5% U.S. comparable sales growth. CEO Michael Spanos announced a domestic franchisee's bankruptcy and the company's agreement to acquire 61 restaurants.

Bloomin' Brands (BLMN) reported Q3 earnings, noting pricing strategies offset by cost inflation. CEO Christel highlighted 4.6% cost-of-goods and 3.5% labor inflation. The company raised full-year earnings guidance to $0.97-$1.02 per share. Outback Steakhouse's turnaround includes service improvements and marketing investments. Bloomin' expects to complete 85 Outback refreshes in 2026, with a total cost of $350,000-$400,000 per location.

Bloomin' Brands (BLMN) shares rose 3.8% after reporting Q3 2026 earnings that beat estimates, with revenue of $927.0M and an adjusted loss of $0.17 per share. The company lowered Q4 and full-year guidance, citing customer traffic challenges and cautious consumer spending outlook. Bonefish Grill led comparable sales growth at 5.3%.

Bloomin' Brands reported Q3 2026 revenue of $944.3M, exceeding estimates by 2.1%. Adjusted EPS of -$0.17 beat expectations by 28.5%. The company raised full-year adjusted EPS guidance to $1.00. Operating margin improved to 2%, and same-store sales rose 1.9% year-on-year. The number of locations decreased to 1,452.

Bloomin’ Brands reported 3Q 2026 revenue of $944.35M, up 1.7% YoY, with a net loss of $2.18M, improved from $45.86M last year. EPS was ($0.03). Higher comparable sales, pricing, and a $13.2M gift-card breakage estimate change supported results, while inflation-related costs partially offset gains. Restaurant-level operating margin increased to 10.6% from 9.2%.

Bloomin Brands (BLMN) reported Q3 EPS of -$0.17, beating estimates by $0.06, with revenue of $926.98M, slightly above expectations. The company provided Q4 and FY 2026 EPS guidance, both below analyst consensus. Its stock is down 4.38% over 3 months but up 56.85% year-over-year.