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.
Grubhub and Bloomin' Brands have expanded their partnership to offer the full range of Bloomin' Brands concepts on Grubhub's platform, including Outback Steakhouse and Carrabba's Italian Grill. This move adds over 1,700 listings nationwide, featuring more than 1,000 restaurant locations and 700 virtual kitchens. Promotions for new and existing diners include discounts of up to 40% for orders over $40. The partnership aims to enhance off-premises dining options and drive increased orders and earnings for delivery partners.
Bloomin' Brands, Inc. (NASDAQ: BLMN) has announced the appointment of Julie Kunkel and Melanie Marein-Efron to its Board of Directors, expanding the board from nine to eleven members. Both will serve as Class I directors and will be up for re-election at the 2023 annual stockholders meeting. Kunkel brings extensive experience from Ernst & Young, and Marein-Efron is currently the CFO of Urban Outfitters. Their financial expertise is expected to enhance the company's growth and Total Shareholder Return commitment.
Bloomin’ Brands, Inc. (Nasdaq:BLMN) has promoted Pat Hafner to President of Carrabba’s Italian Grill. With over 25 years at the company, Hafner previously served as Vice President of Operations and has played a key role in expanding off-premises services, including catering. His notable awards include Restauranteur of the Year by the New Mexico Restaurant Association in 2014 and Outbacker of the Year in 2015. Bloomin’ Brands operates over 1,450 restaurants in 47 states and 20 countries, featuring brands like Outback Steakhouse and Bonefish Grill.
Bloomin’ Brands, Inc. (NASDAQ: BLMN) reported Q2 2022 results, highlighting a total revenue increase of 4.4% year-over-year to $1.125 billion. However, the company recorded a loss per diluted share of $0.72, down from a profit of $0.75 in Q2 2021. Adjusted diluted EPS was $0.68, a decrease of $0.13. The company raised its full-year revenue guidance to $4.40 billion to $4.45 billion but faces challenges from inflation and rising costs. A quarterly cash dividend of $0.14 per share was declared, with a focus on enhancing guest experience and sustainable growth.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) will announce its fiscal second quarter results for the period ending June 26, 2022, on July 29, 2022, at 7:00 AM EDT. Following the announcement, a conference call will be held at 8:15 AM EDT to discuss the financial results, which will be accessible via webcast on the Company’s website. Bloomin’ Brands operates over 1,450 restaurants globally, featuring brands such as Outback Steakhouse and Carrabba’s Italian Grill.
Bloomin' Brands (BLMN) reported strong Q1 2022 results, with comparable restaurant sales growth of 14.0% and diluted EPS of $0.73, up from $0.63 in Q1 2021. Total revenues increased by 15.5% to $1.14 billion. The company raised its full-year outlook for revenues to $4.35B-$4.40B and diluted EPS to $2.23-$2.32. A quarterly cash dividend of $0.14 per share was declared. Despite a decrease in restaurant-level operating margin to 17.1%, the operating income margin improved to 9.4%.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) is set to release its fiscal Q1 results for the period ending March 27, 2022, on April 29, 2022, at 7:00 AM EDT. A conference call to discuss these results will follow at 8:15 AM EDT. Investors can access the live webcast on the company's website, with a replay available afterward. The company operates over 1,450 restaurants globally, including Outback Steakhouse and Carrabba’s Italian Grill.
Bloomin’ Brands, Inc. (BLMN) reported strong Q4 results with diluted EPS of $0.59 and adjusted diluted EPS of $0.60, significantly outperforming Q4 2020's $-0.16. Total revenues rose 28.9% to $1.047 billion, driven by a 20.7% increase in Outback Steakhouse comparable restaurant sales. The company reinstated its quarterly dividend of $0.14 per share and authorized a $125 million share repurchase program. For 2022, it expects revenues between $4.30 billion and $4.35 billion, with diluted EPS guidance of $2.13 to $2.22.
Bloomin' Brands, Inc. (Nasdaq: BLMN) will report its fiscal fourth quarter and full year 2021 results on February 18, 2022, at approximately 7:00 AM EST. A conference call to discuss these results is scheduled for 8:15 AM EST the same day, with a live webcast available on the Company’s website. Bloomin' Brands operates over 1,450 casual dining restaurants, including Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse, across 47 states and 17 countries.
Bloomin’ Brands, Inc. (Nasdaq:BLMN) has announced the promotion of Michael Healy to President of Bonefish Grill. With over 12 years at the company, Healy will focus on sustainable growth for the brand's more than 180 U.S. locations. Healy's tenure at Bloomin’ includes various leadership roles, enhancing his strategic planning capabilities. Under his leadership, Bonefish Grill received Newsweek Magazine’s award for “America’s Best Customer Service” in 2020 and 2021. Bloomin’ Brands operates over 1,450 restaurants globally.
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