Bloomin' Brands beats Q2 revenue estimates, EPS up

Overview

• Bloomin' Brands Q2 2025 revenue rises 0.3% yr/yr, beating analyst expectations

• Adjusted EPS for Q2 2025 beats consensus, despite higher costs

• Company maintains dividend of $0.15, no share repurchases in 2025

Outlook

• Bloomin' Brands expects 2025 EPS of $0.80 to $0.90

• Company forecasts 2025 adjusted EPS of $1.00 to $1.10

• Q3 2025 adjusted loss per share expected between ($0.15) and ($0.10)

• Company anticipates 2025 commodity inflation of 3% to 3.5%

Result Drivers

• RESTAURANT OPENINGS - Revenue increase driven by net impact of restaurant openings and closures, partially offset by lower franchise revenues

• HIGHER COSTS - Restaurant-level operating margin decreased due to higher labor, commodity, and operating costs, mainly due to inflation

• PRICING STRATEGY - Higher average check per person due to pricing helped offset some cost increases

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 10 "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 $9.00, about 0.6% above its August 5 closing price of $8.95

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nBw4nPWNqa