Core Insights - Bloomin' Brands reported a revenue of $928.81 million for the quarter ended September 2025, reflecting a year-over-year decline of 10.6% [1] - The company's EPS was -$0.03, a decrease from $0.21 in the same quarter last year, but it exceeded the consensus EPS estimate of -$0.12 by 75% [1] - The revenue surpassed the Zacks Consensus Estimate of $900.17 million by 3.18% [1] Financial Performance Metrics - The total number of restaurants was 1,483, slightly above the average estimate of 1,482 by four analysts [4] - Comparable restaurant sales in the U.S. for Fleming’s Prime Steakhouse and Wine Bar were 1.2%, below the average estimate of 1.8% [4] - Comparable restaurant sales for Carrabba’s Italian Grill were 4.1%, exceeding the average estimate of 1.9% [4] - Comparable restaurant sales for Outback Steakhouse were 0.4%, above the average estimate of -0.4% [4] - Combined U.S. comparable restaurant sales were 1.2%, outperforming the average estimate of -0.3% [4] Geographic Revenue Breakdown - Total U.S. revenue was $912.28 million, surpassing the average estimate of $889.81 million [4] - Franchise and other revenues in the U.S. were $9.73 million, exceeding the average estimate of $9.07 million [4] - Restaurant sales in the U.S. reached $902.54 million, above the average estimate of $880.74 million [4] - International franchise revenues were $7.15 million, below the average estimate of $9.17 million [4] - Total restaurant sales reported were $911.92 million, representing an 11% decline compared to the year-ago quarter [4] - Franchise and other revenues increased by 23.5% year-over-year, totaling $16.89 million, slightly below the average estimate of $17.88 million [4] - All other revenues amounted to $9.39 million, exceeding the average estimate of $8.84 million [4] Stock Performance - Bloomin' Brands' shares have returned -4.1% over the past month, contrasting with the Zacks S&P 500 composite's +1.3% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Financial Data and Key Metrics Changes - Total revenues for Q3 2025 were $929 million, up from $910 million in the previous year, driven by restaurant sales growth despite a decline in franchise and other revenue [16] - U.S. comparable restaurant sales increased by 120 basis points, while traffic decreased by 10 basis points, showing improvement compared to previous quarters [11][16] - Adjusted diluted loss per share was $0.03, better than the guidance range of negative $0.10 to $0.15, indicating operational improvements [17][20] Business Line Data and Key Metrics Changes - Outback's comparable sales were up 40 basis points with flat traffic, marking the first quarter of positive comp sales since Q2 2023 [11][12] - Bonefish's comp sales increased by 80 basis points, also achieving positive comp sales for the first time since Q2 2023, driven by promotional offers [13][14] - Flemings' comp sales rose by 120 basis points, maintaining sales momentum through experiential events and catering [14] Market Data and Key Metrics Changes - Off-premises sales accounted for 24% of total U.S. sales, consistent with Q3 of the previous year, with Outback's off-premises sales at 26% [17] - The average check increased by 1.3% compared to 2024, reflecting the company's focus on value offers [16] Company Strategy and Development Direction - The company is launching a holistic turnaround strategy focused on Outback Steakhouse, with approximately $75 million in investments planned from 2026 to 2028 [22][23] - Key strategic platforms include delivering a remarkable dining experience, driving brand relevancy, reigniting a culture of ownership, and investing in restaurant assets [23][24] - The turnaround strategy emphasizes steak quality, service improvements, and operational consistency to enhance guest experiences [24][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing positive trends into Q4, attributing success to meeting consumer needs with affordable pricing and value offerings [44] - The company is aware of potential macroeconomic challenges but believes dining out remains a priority for consumers, indicating resilience in the casual dining sector [45][46] - Future guidance includes expectations for U.S. comparable restaurant sales to be between flat and positive 50 basis points for the full year [20] Other Important Information - The company plans to refresh nearly 100% of Outback restaurants by the end of 2028, focusing on guest-facing areas to improve ambiance [32][37] - The dividend has been suspended to prioritize investments in restaurants and operational improvements [37] Q&A Session Summary Question: Can you expand on whether Q3 trends carried into October and what factors contributed to sustaining performance? - Management confirmed that Q3 trends have continued into Q4, driven by affordable entry price points and value offerings like the Aussie three-course [44] Question: Are there any underlying macro weaknesses that might be masked by improved results? - Management noted consistent traffic improvements across all brands and income groups, indicating that dining out remains a priority for consumers [45] Question: What factors contributed to the company outperforming Q3 same-store sales guidance? - Consistency in execution and effective marketing strategies that meet guests' needs were highlighted as key contributors to better-than-expected results [48][49] Question: Can you provide details on the remodels and potential spend levels? - Management stated that the average capital expenditure for remodels is $400,000 per unit, with targeted initiatives to refresh nearly all Outback locations by 2028 [54][55] Question: How will marketing investments be phased in over the next couple of years? - Incremental marketing investments are expected to begin in the second half of 2026, with a focus on ensuring operational execution is solid before ramping up marketing efforts [59][60]

Financial Performance - Total revenues for Q3 2025 were $929 million compared to $910 million in Q3 2024[37] - Restaurant-Level Operating Income was $84 million in Q3 2025, compared to $98 million in Q3 2024[37] - Adjusted Restaurant-Level Operating Income was $87 million with a 9.5% margin in Q3 2025, compared to $98 million with an 11.1% margin in Q3 2024[37] - The company reported a GAAP Loss from Operations of ($36) million in Q3 2025, compared to an Income from Operations of $9 million in Q3 2024[37] - Adjusted Income from Operations was $8 million with a 0.8% margin in Q3 2025, compared to $21 million with a 2.3% margin in Q3 2024[37] - Adjusted EBITDA was $52 million with a 5.6% margin in Q3 2025, compared to $65 million with a 7.1% margin in Q3 2024[37] - The GAAP Diluted Loss per Share was ($0.54) in Q3 2025, compared to ($0.01) in Q3 2024[37] - Adjusted Diluted Loss per Share was ($0.03) in Q3 2025, compared to earnings of $0.11 in Q3 2024[37] Sales and Traffic - U S Comparable Sales increased by 1.2% and Traffic decreased by (0.1%) in Q3 2025[35, 36] Brazil Transaction - The company sold 67% of its Brazil operations for R$1.4 billion, equivalent to $225 million USD[38] - The company expects to receive ~$122 million in November 2025 from the Brazil transaction[39] Guidance - The company updated its full-year 2025 U S Comparable Sales Growth guidance to 0% to 0.5%[40]

Core Insights - Bloomin' Brands reported a quarterly loss of $0.03 per share, better than the Zacks Consensus Estimate of a loss of $0.12, compared to earnings of $0.21 per share a year ago [1] - The earnings surprise was +75.00%, and the company has surpassed consensus EPS estimates three times over the last four quarters [2] Financial Performance - Revenues for the quarter ended September 2025 were $928.81 million, exceeding the Zacks Consensus Estimate by 3.18%, but down from $1.04 billion year-over-year [3] - The company has topped consensus revenue estimates three times over the last four quarters [3] Stock Performance - Bloomin' Brands shares have declined approximately 40.8% since the beginning of the year, while the S&P 500 has gained 15.6% [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.25 on revenues of $974.9 million, and for the current fiscal year, it is $1.03 on revenues of $3.93 billion [8] - The outlook for the Retail - Restaurants industry is unfavorable, ranking in the bottom 12% of over 250 Zacks industries, which may impact Bloomin' Brands' stock performance [9]

Core Insights - Bloomin' Brands is set to implement a turnaround strategy focusing on its Outback Steakhouse brand to achieve long-term sustainable and profitable growth [1] Company Strategy - The turnaround strategy will prioritize the Outback Steakhouse banner as a key element in driving growth [1]

NEWS Exhibit 99.1 Tara Kurian SVP, IR, FP&A, and International (813) 830-5311 Bloomin' Brands Announces Turnaround Strategy Releases 2025 Q3 Financial Results TAMPA, Fla., November 6, 2025 - Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the third quarter 2025 ("Q3 2025") compared to the third quarter 2024 ("Q3 2024"). CEO Comments "We have great momentum in our business as demonstrated by our third quarter results," said Mike Spanos, CEO. "All four brands drove positive comparable store sa ...

Economic Overview - The first trading day of November follows a strong performance in October for the S&P 500 and Nasdaq [1] - The ongoing federal government shutdown has delayed the Labor Department's monthly employment report, leading investors to rely on private organizations like ADP for job data [1] - ADP reported an average addition of 14,250 jobs per week over the past four weeks ending October 11, with expectations of 35,000 private-sector job gains in October [1] Earnings Reports - The earnings season continues with significant reports expected, including DuPont, Eaton, and Texas Roadhouse [1] - DuPont will report third-quarter earnings following its spinoff of Qnity Electronics, which will start trading under the ticker "Q" [1] - Qnity focuses on technology solutions for the semiconductor ecosystem, benefiting from the AI boom, while DuPont will concentrate on healthcare, water, and diversified industrials [1] - Eaton, a power management systems maker, is expected to report earnings, with a focus on its business with data centers supporting AI applications [1] - Texas Roadhouse will report earnings amid challenges in the restaurant sector, particularly due to food inflation and rising beef prices [1] Company Specifics - Solstice Advanced Materials, spun off from Honeywell, began trading separately and will report earnings, with initial sales growth reported at 7% [1] - The stock of Solstice has shown volatility since its spinoff, reflecting investor sentiment regarding its focus on specialty chemicals versus Honeywell's aerospace exposure [1] - Texas Roadhouse's stock performance has been affected by fluctuations in beef prices, with recent downgrades reflecting concerns over food inflation management [1]

advertisement BYÂ Michael Grothaus LOGIN SUBSCRIBE | FastCo Works Listen to this ArticleMore info 0:00 / 0:00 Fans of the Outback Steakhouse chain will be disappointed to learn that its parent company, Bloomin' Brands, has recently closed a number of locations. The closures are yet another sign that major restaurant chains are facing significant headwinds as costs increase and consumers grow increasingly cautious of how they spend their discretionary dollars. Here's what you need to know. What's happened? R ...

Core Insights - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Group 1: High-Yielding Stocks in Consumer Discretionary Sector - Bloomin' Brands Inc (NASDAQ:BLMN) has a dividend yield of 7.84%. BMO Capital analyst Andrew Strelzik maintained a Market Perform rating and reduced the price target from $10 to $8 on August 7, 2025, with an accuracy rate of 61% [7] - Oxford Industries Inc (NYSE:OXM) has a dividend yield of 6.81%. Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating with a price target of $52 on September 11, 2025, while Citigroup analyst Paul Lejuez maintained a Sell rating and cut the price target from $47 to $44 on June 12, 2025, with accuracy rates of 62% and 64% respectively [7] - Wendy's Co (NASDAQ:WEN) has a dividend yield of 6.21%. Barclays analyst Jeffrey Bernstein maintained an Equal-Weight rating and lowered the price target from $11 to $9 on October 22, 2025, while Jefferies analyst Alexander Slagle maintained a Hold rating and reduced the price target from $10 to $9 on October 13, 2025, with accuracy rates of 63% and 76% respectively [7]

Core Insights - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Group 1: High-Yielding Stocks in Consumer Discretionary Sector - Bloomin' Brands Inc (NASDAQ:BLMN) has a dividend yield of 7.84%. BMO Capital analyst Andrew Strelzik maintained a Market Perform rating and reduced the price target from $10 to $8 on August 7, 2025, with an accuracy rate of 61% [7] - Oxford Industries Inc (NYSE:OXM) has a dividend yield of 6.81%. Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating with a price target of $52 on September 11, 2025, while Citigroup analyst Paul Lejuez maintained a Sell rating and lowered the price target from $47 to $44 on June 12, 2025, with accuracy rates of 62% and 64% respectively [7] - Wendy's Co (NASDAQ:WEN) has a dividend yield of 6.21%. Barclays analyst Jeffrey Bernstein maintained an Equal-Weight rating and cut the price target from $11 to $9 on October 22, 2025, while Jefferies analyst Alexander Slagle maintained a Hold rating and lowered the price target from $10 to $9 on October 13, 2025, with accuracy rates of 63% and 76% respectively [7]