Bloomin’ Brands, Inc. reports news centered on its casual dining restaurant portfolio, including Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. Company updates commonly cover quarterly and annual financial results, earnings calls, comparable sales commentary, restaurant-level execution, guest experience initiatives and strategic investments in the brand portfolio.
Recurring announcements also address turnaround and restructuring activities, asset impairments and restaurant closing costs, dividends, board composition and executive or compensation-related governance matters. The company’s releases frame performance across owned, operated and franchised restaurants in U.S. and international markets.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) plans to offer $300.0 million in senior unsecured notes due 2029 to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. The funds will be used to repay outstanding borrowings from existing senior secured credit facilities and cover offering fees. The offering's success depends on closing new senior secured credit facilities, which are yet to be finalized. The notes will not be registered under the Securities Act, prohibiting their sale in the U.S. without exemption.
Bloomin’ Brands (Nasdaq:BLMN) has appointed Lori Malcolm as Senior Vice President of Human Resources. She will oversee talent management and HR operations for its Casual Dining Portfolio, which includes Outback Steakhouse and Carrabba’s. CEO David Deno emphasized her expertise in fostering high-performance cultures, crucial for adapting to a rapidly changing environment. Malcolm previously held a key role at United Way Worldwide, enhancing operations across 1,800 locations globally. Her extensive HR experience spans nearly 25 years, including leadership positions at notable restaurant chains.
Bloomin’ Brands, Inc. (BLMN) reported a challenging Q4 2020 with total revenues declining by 20.5% to $812.5 million compared to Q4 2019, primarily due to the impact of COVID-19. The company experienced a diluted loss per share of $(0.16) versus $0.32 in 2019. Comparable U.S. restaurant sales fell by (17.7)%, with a notably worse performance from Bonefish Grill and Fleming’s, down (27.1)% and (29.7)% respectively. Despite this, liquidity improved to $675 million, with nearly 99% of locations open as of February 2021, and ongoing initiatives aim for $40 million in cost savings over two years.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) is set to release its fiscal fourth quarter results for the period ending December 27, 2020, on February 18, 2021. The earnings report will be available at approximately 7:00 AM EST, followed by a conference call discussing the results at 8:30 AM EST on the same day. Investors can access the live webcast on the company’s website, with a replay available afterward. As one of the largest casual dining companies, Bloomin’ Brands operates over 1,450 restaurants globally under brands including Outback Steakhouse and Carrabba’s Italian Grill.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) reported Q3 2020 results, revealing total revenues of $771.3 million, a decrease of 20.3% compared to $967.1 million in Q3 2019. The company's diluted loss per share was $0.20, down from a profit of $0.11 the previous year. Despite challenges from COVID-19, the company noted consistent weekly sales momentum, with U.S. comparable restaurant sales down only 12.8%. The restaurant-level operating margin decreased to 10.7%. Positive cash flow and a focus on safety were emphasized as critical to their recovery strategy.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) is set to release its fiscal third-quarter results for the period ending September 27, 2020, on October 23, 2020, at approximately 7:00 AM EDT. A conference call to discuss the financial results will follow at 8:30 AM EDT and will be available for live streaming on the company's website. Bloomin' Brands operates over 1,450 restaurants across multiple brands, including Outback Steakhouse and Carrabba’s Italian Grill, in various locations including 47 states and 20 countries.