Bloomin’ Brands ( (BLMN) ) has released its Q3 earnings. Here is a breakdown of the information Bloomin’ Brands presented to its investors.
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Bloomin’ Brands, Inc. is a prominent player in the casual dining restaurant sector, operating and franchising over 1,450 restaurants across various countries, with well-known brands such as Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar.
In its latest earnings report for the third quarter of 2025, Bloomin’ Brands announced a strategic turnaround plan focusing on the Outback Steakhouse brand, aiming to drive sustainable growth. The company reported a slight increase in total revenues compared to the same period last year, despite a decrease in operating income margins.
Key financial metrics revealed a diluted loss per share of $0.54, with adjusted diluted loss per share at $0.03. The company faced challenges with higher commodity, labor, and operating costs, which impacted restaurant-level operating margins. However, positive comparable store sales growth was recorded across all four brands for the first time since early 2023.
The turnaround strategy includes reallocating cash flow towards strategic investments and debt reduction, leading to a suspension of dividends. The plan emphasizes enhancing the dine-in experience, expanding brand reach, and refreshing restaurant assets to align with brand standards.
Looking ahead, Bloomin’ Brands remains cautiously optimistic, with expectations for modest growth in U.S. comparable restaurant sales and a focus on executing its turnaround initiatives to achieve long-term profitability.