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. (NASDAQ: BLMN) is one of the largest casual dining restaurant companies in the world, with a portfolio that includes Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The BLMN news feed on Stock Titan brings together the company’s official announcements, earnings updates and strategic disclosures in one place.
Investors and followers of Bloomin’ Brands can use this page to review the company’s quarterly and annual financial results, including discussions of restaurant sales, franchise and other revenues, restaurant-level operating margin and adjusted non-GAAP metrics. Earnings releases often highlight comparable restaurant sales for each brand, changes in operating margins, and commentary from management on operating priorities and the broader turnaround strategy, particularly for Outback Steakhouse.
News items also cover topics such as leadership and organizational changes, executive appointments, capital allocation decisions, restaurant openings and closures, and transactions involving international operations or franchise structures. For example, the company has issued releases on leadership appointments in finance, information technology, brand management and human resources, as well as on decisions to close selected U.S. restaurants and adjust its dividend policy as part of its turnaround efforts.
This page is useful for tracking how Bloomin’ Brands communicates its focus on simplifying the business, enhancing the guest experience, managing costs and investing in its restaurant base. By following the BLMN news stream, readers can see how the company’s strategy, portfolio actions and financial performance are described over time across its four major casual dining brands.
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.
Bloomin' Brands (NASDAQ: BLMN) has announced the promotion of Pat Hafner to Executive Vice President, President of Outback Steakhouse. Hafner, a 29-year company veteran who started as a server and cook at Outback, will lead operations and development for the company's largest brand.
Prior to this role, Hafner served as President of Carrabba's Italian Grill since 2022, and previously held positions including Manager, Managing Partner, Joint Venture Partner, and Regional Vice President. His achievements include being named Restaurateur of the Year by the New Mexico Restaurant Association in 2014 and receiving the 'Outbacker of the Year' award in 2015.
Bloomin' Brands operates more than 1,450 restaurants across 46 states, Guam, and 13 countries, with a portfolio including Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar.
Bloomin' Brands (BLMN) reported Q3 2024 results with total revenues of $1,038.8 million, down 3.8% from Q3 2023. The company posted Q3 diluted EPS of $0.08, compared to $0.45 in Q3 2023, and adjusted diluted EPS of $0.21, down from $0.41. Restaurant-level operating margin decreased to 12.5% from 13.8%. The company announced a strategic re-franchise of Brazil operations, selling 67% to Vinci Partners for approximately $243 million. U.S. comparable restaurant sales declined 1.5% overall, with Fleming's being the only brand showing positive growth at 1.2%. The company updated its 2024 guidance, now expecting U.S. comparable restaurant sales between -1.0% and -0.5%, and adjusted diluted EPS of $1.72 to $1.82.
Bloomin' Brands (Nasdaq: BLMN) has announced its plans to release fiscal 2024 third quarter financial results on Friday, November 8, 2024, at approximately 7:00 AM EST. Following the release, the company will host a conference call at 8:30 AM EST on the same day to review the financial results.
Investors and interested parties can access the live webcast of the earnings call through the company's official website at http://www.bloominbrands.com under the Investors section. For those unable to attend the live call, a replay of the webcast will be made available on the company's website after the event concludes.
Bloomin' Brands, Inc. (NASDAQ: BLMN) has announced the appointment of Michael L. 'Mike' Spanos as its new Chief Executive Officer, effective September 3, 2024. Spanos, who will also join the Board of Directors, comes from Delta Air Lines where he served as Executive Vice President and Chief Operating Officer. He succeeds David Deno, who announced his planned retirement on May 7, 2024.
Spanos brings extensive experience in leading complex, multi-unit businesses, having previously served as CEO of Six Flags Entertainment and held various leadership positions at PepsiCo. The Board of Directors believes his customer-first mindset and operational expertise will benefit Bloomin' Brands' portfolio of restaurant concepts, which includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar.
Bloomin' Brands (BLMN) reported Q2 2024 results with diluted EPS of $0.32 and adjusted diluted EPS of $0.51, down from $0.70 in Q2 2023. Total revenues decreased 2.9% to $1,118.9 million. The company faced challenges due to a softer casual dining industry, with U.S. comparable restaurant sales down 0.1%. GAAP operating income margin decreased to 4.1% from 7.8% in Q2 2023.
The company updated its full-year 2024 guidance, now expecting U.S. comparable restaurant sales to be down 1% to flat, and adjusted diluted EPS between $2.10 to $2.30. For Q3 2024, BLMN forecasts U.S. comparable restaurant sales to be down 2% to flat, with adjusted diluted EPS between $0.17 to $0.25.
Despite challenges, BLMN declared a quarterly cash dividend of $0.24 per share and has repurchased 9.9 million shares for $263.1 million year-to-date through August 2, 2024.
Bloomin' Brands, Inc. (Nasdaq: BLMN) has announced its plans to release fiscal 2024 second quarter financial results on Tuesday, August 6, 2024, at approximately 7:00 AM EDT. The company will host a conference call to discuss these results at 8:15 AM EDT on the same day. Investors and interested parties can access the live webcast of the call through the Investors section of the company's website at http://www.bloominbrands.com. For those unable to attend the live call, a replay of the webcast will be made available on the company's website following the event.
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.
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