Bloomin' Brands

BLMN

Market cap $688M

Restaurant chains like Starbucks, Wendy's and Denny's announced that they were closing locations this year to help their businesses. U.S. restaurant traffic fell every month this year except for July, according to Black Box Intelligence data.

Bloomin' Brands upgraded to buy as Outback Steakhouse traffic stabilizes and execution improves, supporting a bullish recovery thesis. BLMN's Aussie 3-Course menu and Ziosk rollout drive organic demand, operational efficiency, and higher guest satisfaction, enhancing margin potential. The 2028 roadmap targets $75M in service, steak quality, and digital marketing investments, aiming to boost guest experience and marketing ROI.

The holiday season is a time when many people indulge in food and drink—and for some, that includes a night out at a premium steakhouse. But steak dinners will cost more this year.

Last week, I noted how December is typically a great time to buy stocks.   Holiday shopping and corporate “use it or lose it” budgets mean that retailers and enterprise software firms alike see their highest sales during this period.

Losses are adding up while margins shrink for the restaurant company. Competitors are gaining ground.

Bloomin' Brands (BLMN) remains an underperformer, with ongoing margin pressure, weak traffic, and a recent dividend suspension highlighting operational challenges. BLMN's turnaround plan includes operational improvements, significant capex, and potential asset sales, but meaningful margin recovery is at least a year or two away. Despite positive same-store sales, gains are driven by price increases, not traffic, and the balance sheet remains burdened by high debt and weak cash flow.

Bloomin' Brands, Inc. ( BLMN ) Q3 2025 Earnings Call November 6, 2025 9:00 AM EST Company Participants Tara Kurian - Senior VP of IR, FP&A, and International Michael Spanos - CEO & Director Eric Christel - Executive VP & CFO Conference Call Participants Anisha Datt - Barclays Bank PLC, Research Division Jeffrey Farmer - Gordon Haskett Research Advisors Brian Mullan - Piper Sandler & Co., Research Division Jon Tower - Citigroup Inc., Research Division Brian Vaccaro - Raymond James & Associates, Inc., Research Division Sara Senatore - BofA Securities, Research Division Edward Farley - Goldman Sachs Group, Inc., Research Division Presentation Operator Greetings, and welcome to the Bloomin' Brands Fiscal Third Quarter 2025 Earnings Conference Call. [Operator Instructions] It is now my pleasure to introduce your host, Tara Kurian, Senior Vice President, IR, FP&A and International.

Tampa-based operator Bloomin' Brands said in an earnings filing Thursday that the closures mark the start of a "comprehensive turnaround strategy."

Although the revenue and EPS for Bloomin' Brands (BLMN) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Bloomin' Brands (BLMN) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to earnings of $0.21 per share a year ago.