Bloomin' Brands Q2 revenue and adjusted EPS beat estimates, raises outlook
Bloomin' Brands Q2 revenue and adjusted EPS beat estimates, raises outlook
Overview
U.S. full-service restaurant operator's Q2 revenue rose 1.3%, beating analyst expectations
Adjusted diluted EPS for Q2 beat consensus at $0.39
Company raised full-year EPS and adjusted EPS guidance
Outlook
Bloomin' Brands raises 2026 diluted EPS outlook to $0.85-$0.95 from $0.70-$0.85
Company lifts 2026 adjusted diluted EPS guidance to $0.90-$1.00 from $0.75-$0.90
Result Drivers
COMPARABLE SALES - Revenue growth was primarily due to higher comparable restaurant sales, partially offset by net impact of restaurant closures and openings
PRICING AND PRODUCTIVITY - Restaurant-level operating margin increased mainly due to higher average check per person, primarily from pricing, and productivity initiatives
COST PRESSURES - Margin gains were partially offset by higher commodity, labor and operating costs, mainly due to inflation, and higher advertising expense
Company press release: ID:nBw11DBXwa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $1.02 bln | $1 bln (9 Analysts) |
Q2 Adjusted EPS | Beat | $0.39 | $0.29 (10 Analysts) |
Q2 EPS |
| $0.37 |
|
Q2 Adjusted Operating Income Margin |
| 4.00% |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the restaurants & bars peer group is "buy."
Wall Street's median 12-month price target for Bloomin' Brands Inc is $8.38, about 6.1% below its August 4 closing price of $8.92
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 7 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)