Bloomin' Brands

Bloomin' Brands, Inc. engages in the acquisition, operation, design and development of restaurant concepts. It operates through the following segments: U.S. and International. The U.S. segment operates in USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China. Its brands include Outback Steakhouse, Carrabba's Italian Grill. Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar. The company was founded by Chris Thomas Sullivan, Robert Danker Basham and John Timothy Gannon in March 1988 and is headquartered in Tampa, FL.

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Bloomin' Brands (BLMN) reports robust Q4 earnings and growth strategies

Bloomin' Brands delivered strong financial results in Q4 2022, showcasing resilience and growth potential despite operational challenges.
The company's strategic initiatives for 2023 aim to drive sales, enhance customer experience, and expand market presence across brands and regions.
While facing challenges such as declining traffic and rising expenses, Bloomin' Brands remains focused on leveraging strengths and seizing growth opportunities.
By balancing financial discipline with strategic investments, the company is poised to navigate challenges and capitalize on emerging trends in the industry.

Bloomin' Brands reports robust Q1 earnings, eyes international expansion

Bloomin' Brands delivered a strong Q1 performance with notable growth in sales and margins. While facing challenges in consumer behavior and pricing strategies, the company remains focused on innovation and sustainable growth opportunities. By leveraging technology and strategic initiatives, Bloomin' Brands aims to drive continued success in the competitive restaurant industry.

Bloomin' Brands excels in Q2 2023, eyes growth opportunities

Bloomin' Brands reported strong financial performance in Q2 2023, driven by growth in adjusted EPS, U.S. comparable sales, and international revenue, supported by strategic initiatives.
The company's focus on off-premises sales, digital transformation, and operational efficiencies positions it well for sustained growth and enhanced customer satisfaction.
While facing challenges such as operating expense inflation and pricing strategies, Bloomin' Brands is leveraging opportunities in off-premises trends, new restaurant development, and increased advertising to drive future success.
Overall, Bloomin' Brands remains committed to achieving its annual goals, enhancing the customer experience, and driving sustainable sales and profit growth through a balanced approach to challenges and opportunities.

Bloomin' Brands reports solid Q3 earnings amidst industry challenges

Bloomin' Brands showcased strong financial performance in Q3 2023, with a focus on operational efficiency and strategic growth initiatives.
While facing industry challenges and softer sales projections, the company is leveraging strengths in technology and operational enhancements to drive long-term growth.
Opportunities in digital transformation, guest experience enhancement, and seasonal trends present avenues for sustained performance and market competitiveness.

Bloomin' Brands reports strong Q4 earnings and growth opportunities ahead

Bloomin' Brands delivered strong financial performance in Q4 2023, driven by strategic priorities and improved internal measures, despite challenges from cost pressures and short-term disruptions.
The company's focus on enhancing customer experience, menu simplification, and digital transformation positions it well to capitalize on opportunities for revenue expansion and operational efficiency.
With a strong development pipeline, robust off-premises demand, and a strategic marketing approach, Bloomin' Brands is poised to navigate challenges, leverage strengths, and seize growth opportunities in 2024.
Investments in labor, technology, and menu enhancements, along with a disciplined capital allocation strategy and focus on customer satisfaction, underpin the company's resilience and potential for long-term success.

Bloomin' Brands Q1 2024: Mixed Performance Amid Growth Opportunities

Bloomin' Brands faced challenges in Q1 with declining comparable sales and lower operating margins, while showcasing strengths in brand performance and operational improvements.
The company's focus on remodeling, expansion, and strategic reviews in Brazil presents growth opportunities amidst industry challenges.
CEO retirement plans and debt management are key areas to watch, while initiatives like pricing adjustments and value-centered offerings aim to drive customer loyalty and revenue.
Navigating commodity inflation and consumer spending trends will be crucial, with a strategic outlook on cost management and revenue generation.

Bloomin' Brands reports Q2 earnings, focuses on growth strategies

Bloomin' Brands navigated challenges in Q2 2024 with adjusted diluted earnings per share of $0.51, focusing on driving same-store sales growth and enhancing customer experiences.
Despite industry headwinds, the company remains resilient, with off-premises sales growth and strategic marketing efforts to communicate value to consumers.
While facing declines in certain metrics, Bloomin' Brands is proactively addressing challenges and leveraging opportunities to drive future growth and profitability.
The company's performance in Q3 2024 will be crucial, with a strategic focus on marketing and operational enhancements to overcome market pressures and drive sales.

Bloomin' Brands reports Q3 challenges, focuses on growth opportunities

Bloomin' Brands navigated challenges from industry softness and hurricanes impact, focusing on strategic growth opportunities and brand enhancements.
Executives highlighted the company's confidence in iconic brands, fine dining experience, and plans for expanding Fleming's locations.
Despite revenue decline and margin pressures, Bloomin' Brands remains committed to driving growth and enhancing guest satisfaction.

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Bloomin' Brands, Inc. engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China. Its brands include Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar. The company was founded by Chris Thomas Sullivan, Robert Danker Basham and John Timothy Gannon in March 1988 and is headquartered in Tampa, FL.

Bloomin' Brands' upside remains attractive despite a fall in share price since my last writeup. Total revenue for BLMN was $1.08 billion, with a positive growth outlook for 4Q23. The company's RLP margin may face headwinds due to elevated beef prices.

Bloomin' Brands: Upside Remains Attractive Despite Conservative Assumptions

Bloomin' Brands, Inc. (NASDAQ:BLMN ) Q3 2023 Earnings Conference Call November 3, 2023 8:00 AM ET Company Participants Tara Kurian - Vice President, Corporate Finance and Investor Relations David Deno - Chief Executive Officer Chris Meyer - Executive Vice President and Chief Financial Officer Conference Call Participants Jeffrey Bernstein - Barclays Alex Slagle - Jefferies Sharon Zackfia - William Blair John Ivankoe - JPMorgan Jeff Farmer - Gordon Haskett Katherine Griffin - Bank of America Brian Vaccaro - Raymond James Operator Good morning, and welcome to the Bloomin' Brands, Inc. Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

Bloomin' Brands, Inc. (BLMN) Q3 2023 Earnings Call Transcript

The headline numbers for Bloomin' Brands (BLMN) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Bloomin' Brands (BLMN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Bloomin' Brands (BLMN) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.35 per share a year ago.

Bloomin' Brands (BLMN) Tops Q3 Earnings Estimates

Outback Steakhouse parent Bloomin' Brands Inc.'s stock BLMN, +0.55% tumbled 6.7% premarket Friday, after the company cut its full-year guidance to reflect a soft casual dining environment. The company is now expecting full-year adjusted EPS of $2.80 to $2.90, down from prior guidance of $2.91 to $3.00.

Outback Steakhouse parent Bloomin's Brands stock slides after company lowers guidance in soft market

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the third quarter 2023 (“Q3 2023”) compared to the third quarter 2022 (“Q3 2022”). CEO Comments “We saw strong earnings per share growth in the quarter,” said David Deno, CEO. “We remain focused on driving traffic and maintaining margins as we navigate the near-term sales environment. We are confident that the investments we made in food, service and technology will elevate the guest experience and lea.

Bloomin' Brands Announces Q3 2023 Financial Results

Bloomin' Brands (BLMN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Bloomin' Brands (BLMN) Reports Next Week: Wall Street Expects Earnings Growth

Algonquin Power & Utilities

NEW YORK--(BUSINESS WIRE)--Starboard Value LP (together with its affiliates, “Starboard” or “we”) today announced that Jeffrey Smith, the firm's Chief Executive Officer and Chief Investment Officer, delivered a presentation at the 2023 Capitalize for Kids Investors Conference highlighting value creation opportunities at Bloomin' Brands, Inc. (NASDAQ: BLMN) and Algonquin Power & Utilities Corp. (NYSE: AQN) (TSE: AQN). The full presentation and the respective presentations for the aforementio.

Starboard Value Issues Presentation Delivered at the 2023 Capitalize for Kids Investors Conference

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal third quarter ended September 24, 2023, on Friday, November 3, 2023, at approximately 6:45 AM EDT, which will be followed by a conference call to review its financial results at 8:00 AM EDT the same day. The 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.

Bloomin' Brands, Inc. to Host Fiscal 2023 Third Quarter Earnings Conference Call at 8:00 AM EDT on November 3, 2023

Dick's Sporting Goods

Newell Brands

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

These 3 Consumer Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Bloomin Brands (NASDAQ:BLMN), Dick's Sporting Goods (NYSE:DKS)

Darden Restaurants

Restaurant Brands

Restaurant stocks corrected over the summer due to tepid guidance, setting up a new opportunity for income investors. The guidance calls for growth but slowing growth to be offset by wider margins.

3 Tasty Dividend Stocks With Value and Above-Average Yields

Bloomin' Brands is a casual dining restaurant chain that has made changes and improvements during the pandemic. BLMN's valuation is still attractive compared to peers in the industry. Short-term uncertainties, such as modest SSS growth and the Brazil VAT tax, may cause stock price volatility.

Bloomin' Brands: Valuation Remains Appealing, But There Are Still Near-Term Uncertainties

In a country known for its rich barbecue culture, Outback Steakhouse in Brazil has experienced surprising success.

How Outback's success in Brazil is keeping the Australian-style barbecue chain alive

The firm could turn to its value-building playbook for restaurants in this latest engagement with Bloomin' Brands.

Activist Starboard has a variety of strategies to build value at Bloomin' Brands

Levi Strauss

Wall Street's Most Accurate Analysts Say Buy These 3 Consumer Stocks Delivering High-Dividend Yields - Bloomin Brands (NASDAQ:BLMN), Darden Restaurants (NYSE:DRI)

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (NASDAQ: BLMN) today announced that Rohit Lal, who currently serves as Executive Vice President and Chief Information Officer for Saia Inc., has joined the company's Board of Directors. In addition, R. Michael Mohan, who has served as a Director since 2017, has been named Chairman of the Board. Mohan succeeds Jim Craigie, who has retired as Chairman and as a Director after 10 years of service to Bloomin' Brands. These appointments are part of.

Bloomin' Brands Announces Board Changes

Activist investor Starboard Value disclosed a large stake in Bloomin' Brands, the parent of Outback Steakhouse and others. Starboard has a successful track record with restaurant investments in its past.

Why Bloomin' Brands Surged Today

Bloomin' Brands jumped early Friday after the WSJ reported Starboard Value is a top-five investor.

Outback Steakhouse Stock Surges After Activist Investor Builds Holdings As Restaurant, Grocery Consolidation Widens

Starboard Value now owns 9.9% of Bloomin' Brands' shares, according to a regulatory filing.

Outback Steakhouse owner's stock rises after activist Starboard Value buys stake

Bloomin' Brands shares rose almost 10% in pre-market trade on Friday after it was revealed that activist investor Starboard Value has increased its stake in the company to 9.9%. Per a regulatory filing, the firm now holds 8,623,000 shares of the company, which owns and operates the restaurant chains Outback Steakhouse, Bonefish Grill, Carrabba's Italian Grill and Fleming's Prime Steakhouse & Wine Bar.

Outback Steakhouse owner Bloomin' Brands surges on activist investor interest

Bloomin's Brands Inc.'s stock BLMN, -3.47% was up 5% premarket Friday, after activist investor Starboard Value LP confirmed it has built a 9.9% stake in the parent of Outback Steakhouse. The news was reported earlier by the Wall Street Journal.

Outback Steakhouse parent Bloomin' Brands' stock up 5% after Starboard Value confirms 9.9% stake

Bloomin' Brands BLMN, -3.47% shares rallied 8% in premarket trade on Friday after the Wall Street Journal reported that activist investor Starboard Value has built a stake in the owner of Outback Steakhouse. The report, citing people familiar with the matter, said Starboard has built a stake of more than 5% in Bloomin' Brands, but it didn't say what Starboard may request from the company.

Bloomin' Brands stock rises on WSJ report that Starboard has taken stake

Starboard Value owns more than 5% of Bloomin' Brands.

Outback Steakhouse Owner Draws Activist Investor

While the top- and bottom-line numbers for Bloomin' Brands (BLMN) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Bloomin' Brands (BLMN) Reports Q2 Earnings: What Key Metrics Have to Say

Bloomin' Brands, Inc. (NASDAQ:BLMN ) Q2 2023 Earnings Call Transcript August 1, 2023 8:15 AM ET Company Participants Tara Kurian - VP, Corporate Finance David Deno - Chief Executive Officer Chris Meyer - Executive Vice President and Chief Financial Officer Conference Call Participants Jeffrey Bernstein - Barclays Alex Slagle - Jefferies John Ivankoe - JPMorgan Sharon Zackfia - William Blair Jeff Farmer - Gordon Haskett Sara Senatore - Bank of America Brian Harbour - Morgan Stanley Brian Vaccaro - Raymond James Dennis Geiger - UBS Andrew Strelzik - BMO Operator Greetings, and welcome to the Bloomin' Brands Fiscal Second Quarter 2023 Earnings Conference Call [Operator Instructions]. It is now my pleasure to introduce your host, Tara Kurian, Vice President, Corporate Finance and Investor Relations.

News for Bloomin' Brands Stock (BLMN)