Restaurant company Bloomin’ Brands (NASDAQ: BLMN) will be reporting earnings this Thursday morning. Here’s what investors should know.
Bloomin' Brands beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $1.00 billion, down 10.4% year on year. It was a softer quarter for the company, with full-year EPS guidance missing analysts’ expectations significantly and EPS guidance for next quarter missing analysts’ expectations significantly.
Is Bloomin' Brands a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Bloomin' Brands’s revenue to decline 12.9% year on year to $904.8 million, a further deceleration from the 3.8% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.13 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Bloomin' Brands has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Bloomin' Brands’s peers in the sit-down dining segment, some have already reported their Q3 results, giving us a hint as to what we can expect. First Watch delivered year-on-year revenue growth of 25.6%, beating analysts’ expectations by 1.9%, and Brinker International reported revenues up 18.5%, topping estimates by 1.3%. Brinker International traded down 12.9% following the results.
Read our full analysis of First Watch’s results here and Brinker International’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the sit-down dining stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.7% on average over the last month. Bloomin' Brands is down 6.8% during the same time and is heading into earnings with an average analyst price target of $7.77 (compared to the current share price of $6.89).
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