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Bloomin' Brands Beats Revenue, Profit Estimates
5 Aug
Summary
- Bloomin' Brands reported $1.02 billion in Q2 CY2026 revenue, surpassing estimates.
- Non-GAAP earnings per share of $0.39 significantly exceeded analyst expectations.
- Full-year adjusted EPS guidance also beat analyst predictions by 9.5%.
Restaurant operator Bloomin' Brands, known for Outback Steakhouse, exceeded financial expectations in the second quarter of CY2026. The company announced revenue of $1.02 billion, a 1.3% increase year-on-year, surpassing analyst consensus estimates of $1.00 billion.
Beyond revenue, Bloomin' Brands delivered a strong profit performance. Its non-GAAP earnings per share came in at $0.39, significantly outperforming analyst estimates of $0.29 by 35.1%. The company also raised its full-year adjusted EPS guidance, setting the midpoint at $0.95, which is 9.5% higher than previously projected by analysts.
Despite a slight reduction in its total number of locations to 1,448 from 1,479 year-on-year, the company achieved a 2.3% rise in same-store sales. The operating margin remained stable at 3.8% compared to the same quarter last year. Bloomin' Brands currently holds a market capitalization of $763.7 million.
