Bloomin' Brands Lifts Full-Year EPS View on Q2 Beat, Narrows Sales Outlook
BLMN sits 92% above its 52-week low of $5.19.
Summary
Bloomin' Brands posted Q2 2026 adjusted EPS of $0.39, lifted its full-year adjusted EPS guidance to $0.90–$1.00, and narrowed its U.S. comparable sales growth forecast to 1%–2%.
Key Events · Earnings and Guidance · BLMN
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Q2 Earnings Beat
Adjusted diluted EPS came in at $0.39, surpassing expectations and improving from $0.32 a year ago, fueled by combined U.S. comparable sales growth of 2.3% and wider margins.
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Full-Year Guidance Raised
Full-year adjusted diluted EPS guidance was lifted to $0.90–$1.00 from $0.75–$0.90, reflecting stronger profitability and growing confidence in the turnaround.
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Comparable Sales Outlook Tightened
The full-year U.S. comparable restaurant sales outlook was narrowed to 1.0%–2.0% from 0.5%–2.5%, signaling sustained momentum but a more cautious upper bound.
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Q3 Seasonal Loss Expected
For Q3 2026, the company projects an adjusted diluted loss of $0.27–$0.22, in line with historical seasonality, on comparable sales growth of 1%–2%.
Analysis · BLMN · Trade & Services
A second-quarter adjusted EPS of $0.39 topped consensus, prompting Bloomin' Brands to raise its full-year adjusted EPS target to $0.90–$1.00. The company also tightened its U.S. comparable sales forecast to 1%–2%, underscoring conviction in the Outback turnaround. Still, the third-quarter outlook points to a seasonal loss, and with the stock near its 52-week high, the upside surprise may be limited.
At the time of this filing, BLMN was trading at $9.94 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $763.7M. The 52-week trading range was $5.19 to $9.28. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.