Bloomin' Brands reported third quarter 2026 revenue of $944.3 million, exceeding the analyst consensus of $925.23 million. The company's adjusted diluted loss per share of $0.17 beat expectations for a $0.24 loss, even as it excluded $16.1 million in non-recurring pre-tax gains from accounting adjustments and asset sales.
Key Highlights
- U.S. combined comparable restaurant sales grew 1.9%, driven by menu pricing actions and outperformance at Bonefish Grill.
- Management raised its FY 2026 adjusted EPS guidance to a range of $0.97 to $1.02, up from the previous outlook of $0.90 to $1.00.
- Outback Steakhouse U.S. comps rose 1.9% for the quarter, supported by five consecutive quarters of improving guest satisfaction scores.
- Restaurant-level margins and revenue were impacted by a $13.2 million accounting estimate change related to gift card breakage.