Bloomin' Brands Q4 revenue slightly misses, EPS beats estimates

Overview

• Casual dining firm's Q4 revenue slightly missed analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

• Company launched turnaround strategy in November with investments in steak quality at Outback

Outlook

• Bloomin' Brands expects 2026 U.S. comparable restaurant sales to grow 0.5% to 2.5%

• Company forecasts 2026 diluted EPS between $0.70 and $0.85

• Bloomin' Brands anticipates 2026 capital expenditures of $185 mln to $195 mln

Result Drivers

• REVENUE DRIVERS - Total revenues increased due to net impact of restaurant openings and closures, despite lower franchise revenues

• MARGIN PRESSURES - GAAP operating income margin decreased due to Bonefish Grill goodwill impairment and foreign currency contract costs

• COST INFLATION - Higher commodity and labor costs due to inflation impacted restaurant-level operating margin

Company press release: ID:nBw4718HVa

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 11 "hold" and 1 "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 $7.00, about 19.3% above its February 24 closing price of $5.87

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

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