Bloomin' Brands Stock Price, News & Analysis

Bloomin' Brands (Nasdaq: BLMN) announced significant leadership changes aimed at supporting the company's turnaround efforts, particularly focusing on the Outback Steakhouse brand. Eric Christel will join as CFO-Elect, transitioning to CFO by September 8, 2025, while current CFO Michael Healy will become EVP of Strategy & Transformation.

The company announced several other key appointments, including Jessica Mitory as Chief HR Officer, Ali Charri as SVP of Guest Insights and Analytics, and John Bettin as President of Bonefish Grill. These changes are designed to enhance operational focus, agility, and accountability as the company works to reinvigorate sales and profit growth.

Bloomin' Brands (Nasdaq: BLMN), the parent company of restaurant chains like Outback Steakhouse, has scheduled its fiscal 2025 second quarter earnings release for August 6, 2025. The company will release its financial results at 6:30 AM EDT, followed by a conference call at 8:00 AM EDT to discuss the quarterly performance.

Investors can access the live webcast through the Investors section of the company's website at bloominbrands.com, with a replay available after the call.

Bloomin' Brands (Nasdaq: BLMN) has appointed Rafael Sanchez as Senior Vice President & Chief Information Officer, effective June 30, 2025. Sanchez joins from Davidson Hospitality Group, where he served as Senior Vice President of Information Technology.

The new CIO brings extensive experience in hospitality and restaurant technology, having previously held leadership positions at Six Flags, Feld Entertainment, LikeWize, Carnival Corporation, and Burger King. Throughout his career, Sanchez has focused on enterprise modernization, M&A integration, cybersecurity improvements, and enhancing guest experience through technology.

Bloomin' Brands (NASDAQ: BLMN) reported Q1 2025 financial results with diluted EPS of $0.50 and adjusted diluted EPS of $0.59, compared to a loss of $(1.00) per share in Q1 2024. Total revenues decreased by 1.8% to $1.05 billion, primarily due to restaurant closures and decreased comparable sales. Restaurant-level operating margin declined to 13.9% from 15.4% due to higher operating costs and inflation. Combined U.S. comparable restaurant sales showed a 0.5% decrease, with mixed performance across brands: Fleming's (+5.1%), Carrabba's (+1.4%), Outback (-1.3%), and Bonefish Grill (-4.0%). The company maintained its quarterly dividend of $0.15 per share and has $96.8 million remaining in share repurchase authorization. For Q2 2025, BLMN expects U.S. comparable restaurant sales between -2.5% to -1.5% and diluted EPS of $0.20 to $0.25.

Bloomin' Brands (Nasdaq: BLMN) has scheduled its fiscal 2025 first quarter earnings release for Wednesday, May 7, 2025. The company will publish its financial results for the quarter ended March 30, 2025, at approximately 7:00 AM EST. Following the release, management will host a conference call at 8:30 AM EST to discuss the quarterly performance. Investors and interested parties can access the live webcast through the Investors section of the company's website at bloominbrands.com, where a replay will also be available after the call.

Bloomin' Brands (NASDAQ: BLMN) reported its Q4 2024 financial results, with Q4 Diluted EPS of $(0.93) and Adjusted Diluted EPS of $0.38. The company completed the sale of 67% of its Brazil operations to Vinci Partners, retaining a 33% interest.

The decrease in Total revenues was primarily attributed to the absence of the 53rd week included in 2023 and the net impact of restaurant closures and openings. Restaurant-level operating margin declined due to lower revenues, higher labor costs, increased operating and commodity costs, higher insurance expenses, and increased advertising costs.

The company declared a quarterly cash dividend of $0.15 per share, payable on March 26, 2025. During 2024, BLMN repurchased 10.1 million shares for $265.7 million, with $96.8 million remaining in the share repurchase authorization.

Bloomin' Brands (NASDAQ: BLMN) has announced the promotion of Kelia Bazile to President of Carrabba's Italian Grill, where she will lead operations and development for over 190 locations. Bazile brings extensive experience, having joined Bloomin' Brands in 2012 as a Joint Venture Partner and progressing through various leadership roles.

Prior to this appointment, Bazile served as Vice President of Operations at Bonefish Grill in 2024, and previously helped drive sales and profits at Carrabba's through enhanced guest experience and focus on off-premises and catering. Her background includes 28 years at Taco Bell, where she advanced from an hourly team member to Market Leader overseeing 170 restaurants.

Carrabba's Italian Grill is one of four brands in the Bloomin' Brands portfolio, which includes Outback Steakhouse, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar. The company operates or franchises more than 1,450 restaurants across 46 states, Guam, and 13 countries.

Bloomin' Brands (NASDAQ: BLMN) has appointed James (Jim) Dinkins to its Board of Directors, effective February 12, 2025, expanding the board from 10 to 11 members. Dinkins, currently CEO of The Honey Baked Ham Company, will serve on the Board's Audit Committee and stand for re-election at the 2025 annual stockholders meeting.

Dinkins brings extensive experience from his previous roles, including Group President of Coca-Cola North America and Senior Vice-President of The Coca-Cola Company. His 40-year career began at Procter & Gamble and includes significant expertise in brand strategy, product innovation, and consumer engagement. Board Chairman Mike Mohan highlighted Dinkins' knowledge of foodservice supply, franchising, and strategic marketing as valuable additions to the board's decision-making capabilities.

Bloomin' Brands (BLMN) has announced it will release its fiscal 2024 fourth quarter financial results on Wednesday, February 26, 2025, at approximately 7:00 AM EST. The company will host a conference call to discuss these results at 8:30 AM EST on the same day. Investors can access the live webcast through the company's website at bloominbrands.com in the Investors section, where a replay will also be available after the call.