NASDAQ:BLMN
Bloomin' Brands, Inc. Stock Earnings Reports
$11.10
-0.110 (-0.98%)
At Close: Feb 14, 2025
Bloomin' Brands. Earnings Calls
Q4 2024
(Upcoming)
Release date | Feb 26, 2025 |
EPS estimate | $0.380 |
EPS actual | - |
Revenue estimate | 1.079B |
Revenue actual | - |
Expected change | +/- 8.95% |
Q3 2024
Beat
$0.210 (10.53%)
Release date | Nov 08, 2024 |
EPS estimate | $0.190 |
EPS actual | $0.210 |
EPS Surprise | 10.53% |
Revenue estimate | 1.084B |
Revenue actual | 1.039B |
Revenue Surprise | -4.16% |
Q2 2024
Missed
$0.510 (-10.53%)
Release date | Aug 06, 2024 |
EPS estimate | $0.570 |
EPS actual | $0.510 |
EPS Surprise | -10.53% |
Revenue estimate | 1.127B |
Revenue actual | 1.119B |
Revenue Surprise | -0.710% |
Q1 2024
Missed
$0.700 (-6.67%)
Release date | May 07, 2024 |
EPS estimate | $0.750 |
EPS actual | $0.700 |
EPS Surprise | -6.67% |
Revenue estimate | 1.13B |
Revenue actual | 1.195B |
Revenue Surprise | 5.83% |
Last 4 Quarters for Bloomin' Brands.
Below you can see how BLMN performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q1 2024
Missed
Release date | May 07, 2024 |
Fiscal end date | Mar 31, 2024 |
Price on release | $23.96 |
EPS estimate | $0.750 |
EPS actual | $0.700 |
EPS surprise | -6.67% |
Date | Price |
---|---|
May 01, 2024 | $25.04 |
May 02, 2024 | $25.09 |
May 03, 2024 | $25.61 |
May 06, 2024 | $24.96 |
May 07, 2024 | $23.96 |
May 08, 2024 | $23.89 |
May 09, 2024 | $22.99 |
May 10, 2024 | $23.05 |
May 13, 2024 | $23.62 |
4 days before | -4.31% |
4 days after | -1.42% |
On release day | -0.292% |
Change in period | -5.67% |
Q2 2024
Missed
Release date | Aug 06, 2024 |
Fiscal end date | Jun 30, 2024 |
Price on release | $16.98 |
EPS estimate | $0.570 |
EPS actual | $0.510 |
EPS surprise | -10.53% |
Date | Price |
---|---|
Jul 31, 2024 | $20.85 |
Aug 01, 2024 | $20.05 |
Aug 02, 2024 | $19.62 |
Aug 05, 2024 | $18.29 |
Aug 06, 2024 | $16.98 |
Aug 07, 2024 | $16.96 |
Aug 08, 2024 | $15.97 |
Aug 09, 2024 | $15.63 |
Aug 12, 2024 | $15.38 |
4 days before | -18.56% |
4 days after | -9.42% |
On release day | -0.147% |
Change in period | -26.24% |
Q3 2024
Beat
Release date | Nov 08, 2024 |
Fiscal end date | Sep 29, 2024 |
Price on release | $15.15 |
EPS estimate | $0.190 |
EPS actual | $0.210 |
EPS surprise | 10.53% |
Date | Price |
---|---|
Nov 04, 2024 | $15.46 |
Nov 05, 2024 | $15.73 |
Nov 06, 2024 | $16.99 |
Nov 07, 2024 | $16.78 |
Nov 08, 2024 | $15.15 |
Nov 11, 2024 | $13.76 |
Nov 12, 2024 | $13.35 |
Nov 13, 2024 | $13.55 |
Nov 14, 2024 | $13.43 |
4 days before | -2.01% |
4 days after | -11.35% |
On release day | -9.21% |
Change in period | -13.13% |
Q4 2024
(Upcoming)
Release date | Feb 26, 2025 |
Fiscal end date | Dec 29, 2024 |
Price on release | - |
EPS estimate | $0.380 |
EPS actual | - |
Date | Price |
---|---|
Feb 10, 2025 | $11.83 |
Feb 11, 2025 | $12.03 |
Feb 12, 2025 | $11.56 |
Feb 13, 2025 | $11.21 |
Feb 14, 2025 | $11.10 |
Bloomin' Brands. Earnings Call Transcript Summary of Q3 2024
- Leadership Transition:
- New CEO, Mike Spanos, emphasizes his commitment to Bloomin' Brands and outlines his personal connection to the company's restaurants, particularly Outback Steakhouse.
- Focus will be on improving guest experiences and operational excellence.
- Hurricane Impact:
- The company faced challenges during Q3 due to Hurricane Helene and Hurricane Milton, affecting operations and team bandwidth.
- $500,000 donated to American Red Cross and support for first responders.
- Financial Performance:
- Q3 revenues: $1 billion, down 4% YoY.
- Comparable U.S. restaurant sales decreased by 150 basis points; traffic down 440 basis points.
- Severe industry challenges were acknowledged, along with an emphasis on the company wanting to improve performance.
- Q3 GAAP diluted EPS: $0.08; adjusted diluted EPS: $0.21 (down from $0.45 and $0.41, respectively, YoY).
- Cost Management:
- Adjusted operating margins dropped to 3% from 5.3% YoY, driven by labor costs and inflationary pressures.
- Labor wage inflation was recorded at 3.8%.
- The company is focused on managing costs within its control, amid rising operating expenses.
- Guidance Updates:
- Revised full-year guidance indicates U.S. comps expected to decline by 100 to 50 basis points.
- Updated adjusted diluted EPS guidance for the year is between $1.72 and $1.82.
- Expectation of continued commodity inflation around 1%.
- Strategic Partnerships:
- Announcement of a strategic partnership with Vinci Partners for Brazilian operations, retaining 33% ownership.
- This partnership is aimed at simplifying operations and focusing on domestics.
- Brand Focus:
- Outback Steakhouse will be a primary focus for improvements, aiming to sustainably grow traffic and comparable sales.
- Carrabba’s brand is also highlighted as a growth opportunity, having shown steady traffic and sales increase.
- Operational Improvements:
- Emphasis on simplifying menus and operations to enhance guest experiences.
- Discussion of improving food quality, marketing strategies, and the overall dining experience, especially for Outback.
- Significant potential seen in Off-Premise and Delivery business.
- Capital Allocation:
- Commitment to maintaining a dividend, while considering other uses of cash for growth and capital investment.
- A focus on optimizing CapEx towards high-return areas while monitoring the performance of new unit openings.
- Market Trends:
- The environment remains challenging, but leadership is optimistic about the long-term value and potential growth for Bloomin' Brands.
Investor Takeaways:
- The leadership transition, particularly with Mike Spanos at the helm, signals a renewed focus on improving operational performance and guest experience across the brand portfolio.
- The strategic partnership in Brazil and revamped operational strategies are seen as positive moves towards optimizing resources and focusing on domestic priorities.
- Continuous management of costs and pricing strategies will be essential in navigating the current industry landscape and achieving long-term growth.
Bloomin' Brands. Earnings History
Earnings Calendar
FAQ
When is the earnings report for BLMN?
Bloomin' Brands, Inc. (BLMN) has scheduled its earnings report for Feb 26, 2025 before the markets open.
What is the BLMN price-to-earnings (P/E) ratio?
BLMN P/E ratio as of Feb 14, 2025 (TTM) is -185.99.
What is the BLMN EPS forecast?
The forecasted EPS (Earnings Per Share) for Bloomin' Brands, Inc. (BLMN) for the first fiscal quarter 2024 is $0.380.
What are Bloomin' Brands, Inc.'s retained earnings?
On its balance sheet, Bloomin' Brands, Inc. reported retained earnings of $1.04 billion for the latest quarter ending Sep 29, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.