Bloomin' Brands Q2 Earnings Call Highlights

3 weeks ago 16

MarketBeat

Wed, August 5, 2026 astatine 8:04 AM CDT 6 min read

Key Points

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Bloomin' Brands (NASDAQ:BLMN) reported fiscal second-quarter 2026 gross of $1.02 billion, up 1% from $1 cardinal a twelvemonth earlier, arsenic affirmative comparable edifice income helped offset continued postulation unit astatine respective of its brands.

The institution said U.S. comparable edifice income accrued 2.3% during the quarter, portion postulation declined 1.9%. Average cheque roseate 4.2% from the prior-year period, reflecting pricing that was partially offset by antagonistic premix arsenic the institution continued to beforehand affordable offerings.

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Adjusted diluted net per stock roseate to $0.39 from $0.32 a twelvemonth earlier, portion GAAP diluted net per stock accrued to $0.37 from $0.29. Adjusted operating borderline improved to 4.0% from 3.5%, driven by stronger edifice margins. Chief Financial Officer Eric Christel said commodity ostentation was 5.7% successful the quarter, portion labour costs benefited from lapping higher wellness security costs successful the anterior twelvemonth and different edifice operating expenses benefited from productivity initiatives.

Brand Performance

Outback Steakhouse posted comparable income maturation of 1.4%, though postulation declined 2.8%. Chief Executive Officer Mike Spanos said the institution chose not to repetition definite traffic-driving offers from the anterior year, peculiarly successful third-party delivery, due to the fact that it viewed them arsenic nett dilutive.

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