The raised guidance and strong Bonefish Grill comps signal improving operational momentum, but negative traffic across Outback, Carrabba's, and Fleming's suggests pricing-driven growth. Monitor Q3 results for traffic inflection and the seasonal loss magnitude. The debt reduction is a credit positive.
Price Chart
Executive Summary
Bloomin' Brands reported Q2 2026 adjusted EPS of $0.39, beating consensus of $0.29 by 34.5%, and total revenue of $1.016B vs $1.00B consensus (+1.6%). The company raised full-year diluted EPS guidance to $0.85-$0.95 from $0.70-$0.85, citing continued progress on the Outback Turnaround and strong Bonefish Grill comparable sales (+8.1%). Combined U.S. comparable restaurant sales rose 2.3% YoY, though traffic remained negative across most brands.
Key Financial Metrics
Key Facts
- Q2 2026 GAAP diluted EPS $0.37 vs $0.29 YoY; adjusted diluted EPS $0.39 vs $0.32 YoY
- Total revenue $1,015.8M, up 1.3% YoY from $1,002.4M
- Combined U.S. comparable restaurant sales +2.3% (Outback +1.4%, Carrabba's +1.7%, Bonefish +8.1%, Fleming's +1.6%)
- GAAP operating income margin improved to 3.8% from 3.0% YoY; restaurant-level operating margin 12.4% vs 12.0%
- Raised full-year 2026 diluted EPS guidance to $0.85-$0.95 (from $0.70-$0.85) and adjusted diluted EPS to $0.90-$1.00 (from $0.75-$0.90)
- Q3 2026 outlook: diluted EPS ($0.28)-($0.23), adjusted diluted EPS ($0.27)-($0.22) reflecting seasonal loss
- Total debt reduced to $702.8M from $787.4M at year-end 2025
Financial Impact
EPS beat consensus by ~$0.10 (34.5%), revenue beat by ~$15.8M (1.6%). Full-year EPS guidance raised by $0.15 at midpoint.
Risk Factors
- Negative traffic trends across most U.S. brands (combined -1.9% in Q2)
- Inflationary pressure on commodity, labor, and operating costs
- Q3 seasonal loss could pressure near-term sentiment
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001546417-26-000030 |
| Document: blmn-20260805.htm | 0001546417-26-000030 |
| Document: 0001546417-26-000030-index-headers.html | 0001546417-26-000030 |
| Document: 0001546417-26-000030-index.html | 0001546417-26-000030 |
| Document: 0001546417-26-000030.txt | 0001546417-26-000030 |
| 8-K Data (Synthetic) | 0001546417-26-000030 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 5, 2026 8w ago | 8-K | $11.85 $9.93 | ▼ −16.20% | ▼ −15.60% | $8.48 (−28.44%) |
Jul 1, 2026 13w ago | 8-K | $8.91 $8.81 | ▼ −1.12% | ▲ +1.06% | $8.48 (−4.83%) |
May 9, 2026 20w ago | 144 | $8.37 $7.43 | ▲ +11.23% | ▲ +10.93% | $8.48 (−1.31%) |
May 6, 2026 21w ago | 8-K | $8.12 $7.49 | ▼ −7.76% | ▼ −10.54% | $8.48 (+4.43%) |
Mar 3, 2026 30w ago | DEFA14A | $6.35 $5.40 | ▼ −14.96% | ▼ −10.56% | $8.48 (+33.54%) |
Feb 25, 2026 31w ago | 8-K | $5.71 $5.62 | ▼ −1.58% | ▲ +3.66% | $8.48 (+48.51%) |
US Market Status
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