Bloomin' Brands Narrows 2026 U.S. Comp Sales Outlook to 1%-2% Growth
BLMN sits 85% above its 52-week low of $5.19.
Summary
Bloomin' Brands initially tightened its 2026 U.S. comparable restaurant sales guidance to a 1%-2% increase, signaling confidence in its sales trajectory following a strong Q1 report in May that showed positive comparable sales and a significant earnings jump. The stock was trading near its 52-week high, suggesting the market may have already priced in improving trends, despite the narrowed range's modest midpoint. The company has since reported Q2 results, with both revenue and adjusted EPS beating estimates. Consequently, Bloomin' Brands has raised its overall outlook and specifically its earnings view, driven by higher Q2 profit and increased check sizes.
At the time of this announcement, BLMN was trading at $9.61 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 news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.