Bloomin' Brands, Inc. reported a total revenue of $1.016 billion for the thirteen weeks ended June 28, 2026, marking a 1.3% increase from $1.002 billion in the same period last year. Restaurant sales contributed $998 million, up from $985 million, while franchise and other revenues rose slightly to $17.9 million from $17.6 million. The company achieved a net income of $32.6 million, or $0.36 per diluted share, compared to $26.7 million, or $0.30 per diluted share, in the prior year. This reflects a significant improvement in profitability, with net income attributable to Bloomin' Brands increasing to $31.3 million from $25.4 million year-over-year.

In terms of operational performance, Bloomin' Brands saw a 2.3% increase in U.S. comparable restaurant sales, with Outback Steakhouse specifically reporting a 1.4% rise. The company operated 959 restaurants and franchised 489 as of the end of the reporting period, with a slight decrease in total restaurant count compared to the previous year. The average check per person increased across all brands, contributing to the overall revenue growth despite a decline in customer traffic.

The company has been implementing a turnaround strategy focused on enhancing the dining experience and brand relevance, which has been supported by productivity savings and capital investments. Notably, Bloomin' Brands has also been addressing operational challenges, including higher commodity and labor costs, which have impacted margins. The restaurant-level operating margin improved to 12.4% from 12.0% in the prior year, while total operating income rose to $38.3 million from $29.7 million.

Looking ahead, Bloomin' Brands anticipates continued growth driven by its strategic initiatives and operational improvements. The company plans to invest approximately $185 million to $195 million in capital expenditures for 2026, focusing on remodeling and relocating older restaurants, as well as technology upgrades. Despite facing challenges such as inflation and labor costs, management remains optimistic about achieving sustainable and profitable growth in the coming quarters.

About Bloomin' Brands, Inc.

Bloomin’ Brands, Inc. operates one of the largest casual dining restaurant portfolios globally, featuring concepts like Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar. It serves diverse markets across the U.S. and international franchises, offering varied dining experiences from casual to fine dining. The company generates revenue through company-owned restaurants and franchising, leveraging strong brand recognition, quality food, and customer loyalty programs.

This description was generated via AI from an annual report. Updated about 1 year ago.

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