Bloomin' Brands Inc is a leading global restaurant company that operates a diverse portfolio of well-known dining brands
The company is primarily engaged in providing a wide range of culinary experiences through its casual dining restaurants, which emphasize quality food, exceptional service, and a welcoming atmosphere. With a focus on customer satisfaction and innovative menu offerings, Bloomin' Brands caters to various tastes and preferences, while also prioritizing sustainability and community engagement in its operations.
Shares of restaurant company Bloomin’ Brands (NASDAQBLMN)
fell 19% in the morning session after the company posted weak fourth-quarter 2024 results, with sales dropping sharply from the prior year and falling short of Wall Street's expectations. Lower same restaurant sales and the lack of an extra operating week hurt revenue.
Profit margins shrank due to rising labor and food costs, higher ad spending, and weaker customer traffic at key brands like Outback Steakhouse and Bonefish Grill. These pressures led to an earnings shortfall.
Restaurant company Bloomin’ Brands (NASDAQBLMN) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 18.6% year on year to $972 million. Its non-GAAP profit of $0.22 per share was 39.7% below analysts’ consensus estimates.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) today reported results for the fourth quarter 2024 (“Q4 2024”) and fiscal year ended December 29, 2024 (“Fiscal Year 2024”) compared to the fourth quarter 2023 (“Q4 2023”) and the fiscal year ended December 31, 2023 (“Fiscal Year 2023”). In 2023, the fourth quarter and fiscal year included an additional operating week (“53rd week”) compared to Fiscal Year 2024.
Kelia Bazile has been promoted to President of Carrabba’s Italian Grill where she will be responsible for leading the operations and development for more than 190 Carrabba’s locations. Carrabba’s offers authentic Italian cuisine passed down from the restaurant’s founders’ family recipes. It’s one of four brands in the Bloomin’ Brands (Nasdaq: BLMN) portfolio.
Bloomin’ Brands, Inc. (NASDAQBLMN) today announced that James (Jim) Dinkins joined the company’s Board of Directors effective February 12, 2025. With his appointment, the Board increases its size from ten to 11 members. Dinkins will stand for re-election at the 2025 annual stockholders meeting; he will also serve on the Board’s Audit Committee.
From fast food to fine dining, restaurants play a vital societal role. It also feels like demand is strong as consumers always seem to be chasing the next hot place or viral fast food creation on social media (the Bloomin' Onion? That's FIVE BIG BOOMS!). No surprise the industry has returned 24.6% over the past six months, beating the S&P 500 by 7.7 percentage points.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal fourth quarter ended December 29, 2024, on Wednesday, February 26, 2025, at approximately 7:00 AM EST, which will be followed by a conference call to review its financial results at 8:30 AM EST the same day.
BofA Securities downgraded Bloomin' Brands from Neutral to Underperform, cutting the price target to $13. The company has faced a consistent decline in transaction growth, particularly within its largest brand, Outback.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) announced the promotion of Pat Hafner to Executive Vice President, President of Outback Steakhouse. He will be responsible for leading operations and development for the company’s largest brand. He most recently served as President of Carrabba’s Italian Grill.
Barclays analyst Jeffrey A. Bernstein highlights key trends for U.S. restaurants in 2025, including mixed earnings results, easing inflation, and consumer outlook uncertainty.
Looking back on sit-down dining stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including The Cheesecake Factory (NASDAQCAKE) and its peers.
Bloomin' Brands has gotten torched over the last six months - since June 2024, its stock price has dropped 33% to $13 per share. This was partly due to its softer quarterly results and might have investors contemplating their next move.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how sit-down dining stocks fared in Q3, starting with BJ's (NASDAQBJRI).
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how sit-down dining stocks fared in Q3, starting with Bloomin' Brands (NASDAQBLMN).
Looking back on sit-down dining stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Kura Sushi (NASDAQKRUS) and its peers.
