AI Earnings Predictions for Bloomin' Brands Inc. (BLMN)

EX-99.1

2 ex991-earningsq326pressrel.htm

EX-99.1 - EARNINGS PRESS RELEASE Q3 2026

Document

NEWSExhibit 99.1

Tara Kurian

SVP, IR, FP&A, and International

(813) 830-5311

Bloomin’ Brands Announces 2026 Q3 Financial Results

Q3 Diluted EPS of $(0.02) and Q3 Adjusted Diluted EPS of $(0.17)

Raises Full Year EPS Guidance

TAMPA, Fla., November 6, 2026 - Bloomin’ Brands, Inc. (Nasdaq: BLMN) today reported results for the third quarter 2026 (“Q3 2026”) compared to the third quarter 2025 (“Q3 2025”).

CEO Comments

“We are encouraged by our third quarter results and the continued progress on the Outback Turnaround, including five consecutive quarters of year-over-year improvement in Outback guest scores,” said Mike Spanos, CEO. “We remain focused on consistent execution across food, service, experience, and affordability to strengthen the guest experience and drive sustainable long-term growth.”

Diluted EPS and Adjusted Diluted EPS

The following table reconciles Diluted loss per share from continuing operations to Adjusted diluted loss per share from continuing operations for the periods indicated (unaudited):

Q3

20262025CHANGE

Diluted loss per share:$(0.02)$(0.54)$0.52

Adjustments (1)(0.15)0.51 (0.66)

Adjusted diluted loss per share$(0.17)$(0.03)$(0.14)

(1)Adjustments for Q3 2026 primarily represent an adjustment to gift card breakage revenue resulting from a change in accounting estimate. Q3 2025 primarily includes (i) impairment and closing costs related to closures and underperforming restaurants, (ii) costs incurred as a result of transformational and restructuring initiatives and (iii) costs associated with the foreign currency forward contracts. See non-GAAP Measures later in this release. Also see Tables Four, Five and Six for further details regarding the nature of diluted loss per share adjustments for the periods presented.

Third Quarter Financial Results

(dollars in millions, unaudited)Q3 2026Q3 2025CHANGE

Total revenues (1)$944.3 $928.8 1.7 %

GAAP operating income (loss) margin2.0 %(3.9)%5.9 %

Adjusted operating income margin (2)0.3 %0.8 %(0.5)%

Restaurant-level operating margin (2)10.6 %9.2 %1.4 %

Adjusted restaurant-level operating margin (2)9.3 %9.5 %(0.2)%

(1)For Q3 2026, includes $13.2 million of gift card breakage revenue as a result of a change in accounting estimate.

(2)See non-GAAP Measures later in this release. Also see Tables Four and Five for details regarding the nature of adjustments.

•The increase in Total revenues was primarily due to: (i) higher comparable restaurant sales and (ii) the gift card breakage revenue change. These increases were partially offset by the net impact of restaurant closures and openings.

1

•GAAP operating income (loss) margin increased from Q3 2025 primarily due to: (i) lower impairment and closure costs, (ii) an increase in restaurant-level operating margin, as detailed below, and (iii) lapping general and administrative expenses related to transformational and restructuring initiatives and foreign currency forward contracts, partially offset by higher compensation expense.

•Restaurant-level operating margin increased from Q3 2025 primarily due to: (i) an increase in average check per person, primarily due to pricing, (ii) the gift card breakage revenue change and (iii) productivity initiatives. These impacts were partially offset by: (i) higher commodity, operating and labor costs, mainly due to inflation, and (ii) higher advertising expense.

•Adjusted operating income margin for Q3 2026 excludes the gift card breakage revenue change. For Q3 2025, adjusted operating income margin excludes: (i) certain impairment and closing costs, (ii) costs incurred as a result of transformational and restructuring initiatives and (iii) costs associated with foreign currency forward contracts.

Third Quarter Comparable Restaurant Sales

THIRTEEN WEEKS ENDED SEPTEMBER 27, 2026COMPANY-OWNED

Comparable restaurant sales (stores open 18 months or more):

U.S.

Outback Steakhouse 1.9 %

Carrabba’s Italian Grill0.6 %

Bonefish Grill5.3 %

Fleming’s Prime Steakhouse & Wine Bar— %

Combined U.S.1.9 %

Fiscal 2026 Financial Outlook

The table below presents our updated expectations for selected 2026 financial operating results. We are reaffirming all other aspects of our full-year financial guidance as previously communicated.

Financial Results:Prior OutlookCurrent Outlook

U.S. comparable restaurant sales1% to 2%1% to 1.5%

Diluted earnings per share (1)$0.85 to $0.95$1.06 to $1.11

Adjusted diluted earnings per share (1)$0.90 to $1.00$0.97 to $1.02

(1)Assumes diluted weighted average shares of approximately 86 million.

Q4 2026 Financial Outlook

The table below presents our expectations for selected fiscal Q4 2026 financial operating results.

Financial Results: Q4 2026 Outlook

U.S. comparable restaurant sales0% to 1%

Diluted earnings per share (1)$0.07 to $0.12

Adjusted diluted earnings

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EX-99.1

2 ex991-earningsq126pressrel.htm

EX-99.1 - EARNINGS PRESS RELEASE Q1 2026

Document

NEWS

Exhibit 99.1

Tara Kurian

SVP, IR, FP&A, and International

(813) 830-5311

Bloomin’ Brands Announces 2026 Q1 Financial Results

Q1 Diluted EPS of $0.64 and Q1 Adjusted Diluted EPS of $0.67

TAMPA, Fla., May 6, 2026 - Bloomin’ Brands, Inc. (Nasdaq: BLMN) today reported results for the first quarter 2026 (“Q1 2026”) compared to the first quarter 2025 (“Q1 2025”).

CEO Comments

“We are pleased with our results in the first quarter as they reflect our focus on consistency of execution and delivering a great guest experience,” said Mike Spanos, CEO. “Outback brand scores continue to improve, highlighting our craveable steaks and food quality. We are making progress on our turnaround and remain committed to driving long-term, sustainable, and profitable growth for Bloomin’ Brands.”

Diluted EPS and Adjusted Diluted EPS

The following table reconciles Diluted earnings per share from continuing operations to Adjusted diluted earnings per share from continuing operations for the periods indicated (unaudited):

Q1

20262025CHANGE

Diluted earnings per share:$0.64 $0.50 $0.14

Adjustments (1)0.03 0.09 (0.06)

Adjusted diluted earnings per share (1)$0.67 $0.59 $0.08

(1)Adjustments for Q1 2026 and Q1 2025 primarily relate to costs in connection with transformational and restructuring initiatives. See non-GAAP Measures later in this release. Also see Tables Five and Six for further details regarding the nature of diluted earnings per share adjustments for the periods presented.

First Quarter Financial Results

(dollars in millions, unaudited)Q1 2026Q1 2025CHANGE

Total revenues$1,059.7 $1,049.6 1.0 %

GAAP operating income margin5.6 %5.5 %0.1 %

Adjusted operating income margin (1)5.9 %6.1 %(0.2)%

Restaurant-level operating margin (1)14.0 %13.9 %0.1 %

(1)See non-GAAP Measures later in this release. Also see Tables Four and Five for details regarding the nature of restaurant-level operating margin and operating income margin adjustments, respectively.

•The increase in Total revenues was primarily due to higher comparable restaurant sales.

•GAAP operating income margin increased from Q1 2025 primarily due to lower costs in connection with transformational and restructuring initiatives and an increase in restaurant-level operating margin, as detailed below, partially offset by higher impairment and closing costs.

1

•Restaurant-level operating margin increased from Q1 2025 primarily due to (i) higher average check per person, primarily due to pricing, (ii) cost-saving and productivity initiatives and (iii) lower advertising expense. These increases were partially offset by higher commodity, operating and labor costs, mainly due to inflation.

•Adjusted operating income margin primarily excludes severance and other costs incurred as a result of transformational and restructuring initiatives in Q1 2025 and accelerated depreciation in Q1 2026 associated with equipment upgrades in connection with the turnaround strategy.

First Quarter Comparable Restaurant Sales

THIRTEEN WEEKS ENDED MARCH 29, 2026COMPANY-OWNED

Comparable restaurant sales (stores open 18 months or more):

U.S.

Outback Steakhouse (0.3)%

Carrabba’s Italian Grill1.3 %

Bonefish Grill6.1 %

Fleming’s Prime Steakhouse & Wine Bar0.8 %

Combined U.S.0.9 %

Fiscal 2026 Financial Outlook

We are reaffirming our full-year financial guidance as previously communicated in our February 25, 2026 earnings release.

Q2 2026 Financial Outlook

The table below presents our expectations for selected fiscal Q2 2026 financial operating results.

Financial Results: Q2 2026 Outlook

U.S. comparable restaurant sales 1% to 2%

Diluted earnings per share (1) $0.24 to $0.29

Adjusted diluted earnings per share (1) $0.27 to $0.32

(1)Assumes diluted weighted average shares of approximately 86 million.

Conference Call

The Company will host a conference call today, May 6, 2026 at 8:00 AM EDT. The conference call will be webcast live from the Company’s website at http://www.bloominbrands.com under the Investors section. A replay of this webcast will be available on the Company’s website after the call.

About Bloomin’ Brands, Inc.

Bloomin’ Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. The Company’s restaurant portfolio includes Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The Company owns, operates and franchises more than 1,450 restaurants in 46 states, Guam and 12 countries. For more information, please visit www.bloominbrands.com.

Non-GAAP Measures

In addition to the results provided in accordance with GAAP, this press release and related tables include certain non-GAAP measures, which present operating results on an adjusted basis. These are supplement