Bloomin' Brands Inc is a leading global restaurant company that operates a diverse portfolio of well-known dining brands
The company is primarily engaged in providing a wide range of culinary experiences through its casual dining restaurants, which emphasize quality food, exceptional service, and a welcoming atmosphere. With a focus on customer satisfaction and innovative menu offerings, Bloomin' Brands caters to various tastes and preferences, while also prioritizing sustainability and community engagement in its operations.
BofA Securities downgraded Bloomin' Brands from Neutral to Underperform, cutting the price target to $13. The company has faced a consistent decline in transaction growth, particularly within its largest brand, Outback.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) announced the promotion of Pat Hafner to Executive Vice President, President of Outback Steakhouse. He will be responsible for leading operations and development for the company’s largest brand. He most recently served as President of Carrabba’s Italian Grill.
Barclays analyst Jeffrey A. Bernstein highlights key trends for U.S. restaurants in 2025, including mixed earnings results, easing inflation, and consumer outlook uncertainty.
Looking back on sit-down dining stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including The Cheesecake Factory (NASDAQCAKE) and its peers.
Bloomin' Brands has gotten torched over the last six months - since June 2024, its stock price has dropped 33% to $13 per share. This was partly due to its softer quarterly results and might have investors contemplating their next move.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how sit-down dining stocks fared in Q3, starting with BJ's (NASDAQBJRI).
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how sit-down dining stocks fared in Q3, starting with Bloomin' Brands (NASDAQBLMN).
Looking back on sit-down dining stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Kura Sushi (NASDAQKRUS) and its peers.
Restaurant company Bloomin’ Brands (NASDAQBLMN) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 3.8% year on year to $1.04 billion. Its non-GAAP profit of $0.21 per share was 2.8% above analysts’ consensus estimates.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal third quarter ended September 29, 2024, on Friday, November 8, 2024, at approximately 7:00 AM EST, which will be followed by a conference call to review its financial results at 8:30 AM EST the same day.
