Quarterly ResultMay 6, 2026, 06:37 AM
Bloomin' Brands Q1 Diluted EPS $0.64; Revenue $1.06B
AI Summary
Bloomin' Brands, Inc. reported its first quarter 2026 financial results, with diluted EPS increasing to $0.64 and adjusted diluted EPS rising to $0.67 compared to the prior year. Total revenues grew 1.0% to $1,059.7 million, primarily driven by higher comparable restaurant sales. The company's CEO expressed satisfaction with the results, highlighting progress on their turnaround strategy and improved Outback brand scores. Bloomin' Brands also reaffirmed its full-year financial guidance and provided an outlook for Q2 2026.
Key Highlights
- Q1 2026 diluted EPS was $0.64, up from $0.50 in Q1 2025.
- Q1 2026 adjusted diluted EPS was $0.67, up from $0.59 in Q1 2025.
- Total revenues increased 1.0% to $1,059.7 million in Q1 2026.
- Combined U.S. comparable restaurant sales rose 0.9% in Q1 2026.
- Bonefish Grill comparable sales increased 6.1% in Q1 2026.
- Q2 2026 outlook for U.S. comparable restaurant sales is 1% to 2%.
- Q2 2026 outlook for adjusted diluted EPS is $0.27 to $0.32.