Bloomin Brands IncBLMN
▲ PositiveCapitalrelevance
Raises full-year EPS guidance and beats Q2 estimates.
Impact on assets 1
Consumer Discretionary
Bloomin Brands IncBloomin' Brands Raises Full-Year EPS Guidance After Q2 Beat
2▲1 ▼0Impact / 5
Bloomin' Brands reported fiscal second quarter 2026 results and raised its full-year adjusted earnings per share guidance to between $0.90 and $1.00, up from the prior range of $0.75 to $0.90. Total revenues rose 1% to $1.02 billion, with U.S. comparable restaurant sales up 230 basis points, while adjusted diluted EPS came in at $0.39 versus $0.32 a year earlier. The company attributed the improved outlook to year-to-date performance, better sales mix trends, and stronger cost controls, and it now expects full-year U.S. comparable sales growth of 1% to 2%. Outback Steakhouse's turnaround continues to show progress, with guest metric scores improving for a fourth consecutive quarter and the new service model fully rolled out, though traffic remains negative. For the third quarter, Bloomin' Brands expects U.S. comparable sales growth of 1% to 2% and an adjusted diluted loss per share between $0.27 and $0.22.
Bloomin Brands IncRaises full-year EPS guidance and beats Q2 estimates.