STOCK TITAN

Bloomin' Brands, Inc. - $BLMN STOCK NEWS

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.

Rhea-AI Summary

Bloomin’ Brands, Inc. (NASDAQ: BLMN) announced that CEO David Deno will be retiring after 12 years with the company, including the last five years as CEO. The Board of Directors is leading the search for his successor, emphasizing Deno's financial achievements during his tenure amidst the challenges of COVID-19, especially in Brazil. Deno will continue in his role until a successor is named.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.01%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.01%
Tags
-
Rhea-AI Summary
Bloomin’ Brands, Inc. (BLMN) will host a conference call on May 7, 2024, to discuss its fiscal first quarter results. The call will be webcast live on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
Tags
conferences earnings
Rhea-AI Summary
Bloomin’ Brands, Inc. (BLMN) reports Q4 Diluted EPS of $0.45 and Adjusted Diluted EPS of $0.75, announces $350 million share repurchase authorization, and provides full-year 2024 financial outlook. The company plans to close underperforming restaurants and expects adjusted diluted earnings per share to exclude certain benefits in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.89%
Tags
-
Rhea-AI Summary
Bloomin’ Brands, Inc. (BLMN) is set to release its fiscal fourth-quarter results on February 23, 2024. The company will hold a conference call to discuss its financial performance, which will be webcast live from its website. Investors can access the replay of the webcast on the company's website after the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.36%
Tags
conferences earnings
-
Rhea-AI Summary
MOD Pizza (MOD) announced that co-founder Scott Svenson will become the Executive Chairperson, while Beth Scott has joined the company as the Chief Executive Officer. Scott Svenson will continue to support the leadership team and lead the Board. Beth Scott brings over two decades of experience in the restaurant and hospitality industry, having previously held leadership roles at Cooper's Hawk Winery & Restaurants, Bloomin' Brands, Hilton Hotels, and Disney Parks & Resorts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
management
Rhea-AI Summary
Bloomin’ Brands, Inc. (Nasdaq: BLMN) appoints Dave George and Jon Sagal to the Board of Directors in cooperation with Starboard Value LP, owning 9.7% of the company's stock. The company also forms an Operating Committee to identify opportunities for improvement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.86%
Tags
management
-
Rhea-AI Summary
Bloomin’ Brands, Inc. (Nasdaq: BLMN) reported strong Q3 2023 financial results. Diluted EPS increased by 32% to $0.45 compared to Q3 2022, while Adjusted Diluted EPS increased by 26% to $0.44. Total revenues increased by 2.3% to $1,079.8 million. The company updated its 2023 guidance for U.S. comparable restaurant sales and EPS. The CEO expressed confidence in the investments made in food, service, and technology to drive sales and profit growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
Tags
-
Rhea-AI Summary
Starboard Value CEO presents value creation opportunities at Bloomin' Brands and Algonquin Power & Utilities
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
Tags
none
Rhea-AI Summary
Bloomin’ Brands, Inc. to release Q3 2023 results on November 3, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.22%
Tags
conferences earnings

FAQ

What brands are part of Bloomin' Brands, Inc.?

Bloomin' Brands, Inc. includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar.

Where was Bloomin' Brands, Inc. founded?

Bloomin' Brands, Inc. was founded in Tampa, Florida in 1988.

What is the business model of Bloomin' Brands, Inc.?

The company operates a mix of company-owned and franchised restaurants, deriving most of its revenue from the U.S. while also having international presence.

What is the slogan of Outback Steakhouse?

The slogan of Outback Steakhouse is 'No rules, just right.'

What are the main segments of Bloomin' Brands, Inc.?

Bloomin' Brands operates through two main segments: U.S. and International.

Where does Bloomin' Brands have an international presence?

Bloomin' Brands has a significant presence in Brazil and South Korea, and also operates through franchises in several countries, mostly in Asia.

How does Bloomin' Brands ensure quality in its restaurants?

Bloomin' Brands emphasizes high-quality food and excellent service across all its restaurant brands to provide memorable dining experiences.

What makes Outback Steakhouse unique?

Outback Steakhouse is known for its Australian-themed ambiance and a focus on casual, enjoyable dining experiences.

How has Bloomin' Brands expanded over the years?

Since its inception, Bloomin' Brands has grown significantly, expanding its brand portfolio and international footprint.

What can investors expect from Bloomin' Brands?

Investors can expect a company with a strong brand portfolio, strategic market presence, and a consistent focus on operational excellence.

Bloomin' Brands, Inc.

Nasdaq:BLMN

BLMN Rankings

BLMN Stock Data

1.63B
76.98M
2.28%
111.88%
5.7%
Food Service Contractors
Accommodation and Food Services
Link
United States of America
TAMPA