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Bloomin' Brands (BLMN)
NASDAQ:BLMN
Earnings Data
Report Date
Apr 25, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.58Last Year’s EPS
0.7Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -31.26%
|Next Earnings Date:Apr 25, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While Bloomin' Brands is making strategic moves to simplify operations, improve guest satisfaction, and leverage successful promotions like the Aussie 3-Course, it faces significant challenges in sales performance, industry metrics, and inflationary pressures. The company's efforts to restructure and invest in technology are promising, but underperformance in key metrics and financial pressures weigh heavily.Company Guidance
During the Bloomin' Brands Fiscal Fourth Quarter 2024 Earnings Call, CEO Mike Spanos discussed the company's guidance for fiscal 2025. The company expects U.S. comparable restaurant sales to range from down 2% to flat, with adjusted diluted earnings per share between $1.20 and $1.40. Spanos outlined three operating priorities: simplifying the agenda, delivering a great guest experience, and turning around Outback Steakhouse. The company plans to reduce menu items by 10% to 20% and focus on "abundant everyday value." They will also invest in quality improvements and technology, such as Ziosk, to enhance the guest experience. Spanos emphasized the importance of consistent execution in driving traffic and brand trust, particularly highlighting the success of Outback's Aussie 3-Course promotion. Additionally, the fiscal 2025 outlook includes commodities inflation between 2.5% and 3.5% and labor inflation between 4% and 5%. The company aims to reduce its lease-adjusted net leverage to below 3.0 and has adjusted its annual dividend to $0.60 per share, aligning with historical payout ratios post the Brazil transaction.Brazil Refranchising Deal
Bloomin' Brands successfully refranchised its Brazil operations, retaining a 33% ownership with the potential to sell the remaining portion in 2028. This move de-risks the business model and provides a steady royalty stream.
Menu Simplification Efforts
The company plans to reduce menu items by 10% to 20% across all brands in 2025, which is expected to simplify operations and improve quality and guest satisfaction.
Successful Execution of Aussie 3-Course Promotion
The Aussie 3-Course promotion at Outback was a strong performer in 2024, driving guest engagement and providing a model for everyday value.
Organizational Restructuring for Efficiency
Bloomin' Brands implemented a new organizational structure to enhance decision-making speed and efficiency, including empowering brand presidents with more resources.
Ziosk Technology Implementation
The rollout of Ziosk technology at Outback is expected to be completed by April, offering features like pay at the table and enhancing guest satisfaction.
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BLMN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BLMN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $11.71 | $9.74 | -16.82% |
| Nov 08, 2024 | $16.21 | $14.64 | -9.69% |
| Aug 06, 2024 | $17.43 | $16.18 | -7.17% |
| May 07, 2024 | $23.55 | $22.61 | -3.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bloomin' Brands (BLMN) report earnings?
Bloomin' Brands (BLMN) is schdueled to report earning on Apr 25, 2025, TBA Not Confirmed.
What is Bloomin' Brands (BLMN) earnings time?
Bloomin' Brands (BLMN) earnings time is at Apr 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLMN EPS forecast?
BLMN EPS forecast for the fiscal quarter 2025 (Q1) is 0.58.
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