Bloomin' Brands Reports Q3 2026 Results with Mixed Sales Performance and Raised EPS Guidance
Bloomin' Brands (BLMN) reported third-quarter results characterized by a divergence between rising average checks and declining guest traffic. While total revenue reached $944.3 million, adjusted diluted EPS fell to $(0.17), down from $(0.03) in the prior year. The company saw positive comparable sales growth across its brands, led by Bonefish Grill at 5.3%, though overall U.S. comparable restaurant sales grew only 1.9% as traffic declines offset higher pricing. Despite these headwinds, management raised its full-year adjusted diluted EPS guidance to a range of $0.97 to $1.02. The company is actively managing its balance sheet, successfully refinancing its $1.2 billion revolving credit facility and reducing net debt to $677 million. Strategic focus remains on restaurant refreshes for Outback Steakhouse and driving productivity savings through labor and supply chain initiatives.
Tickers: $BLMN
Topics: Comparable Sales EPS Operating Margin Revenue