Quarterly ResultNov 6, 2026, 07:11 AM
Bloomin' Brands Q3 Net Loss Narrows to $2.2M; Revenue Up
AI Summary
Bloomin' Brands, Inc. reported its quarterly results for the period ended September 27, 2026. Total revenues increased year-over-year for the thirteen-week period, and the company significantly reduced its net loss attributable to shareholders compared to the prior year. For the thirty-nine-week period, net income attributable to shareholders saw a substantial increase. The company also reported a decrease in total assets and liabilities, alongside an increase in stockholders' equity. A goodwill impairment charge related to the Bonefish Grill reporting unit was recorded in the prior year.
Key Highlights
- Total revenues for the thirteen weeks ended September 27, 2026, were $944.3 million, an increase from $928.8 million in the prior year.
- Net loss attributable to Bloomin' Brands for the thirteen weeks ended September 27, 2026, was $2.2 million, compared to a net loss of $45.9 million in the prior year.
- Net income attributable to Bloomin' Brands for the thirty-nine weeks ended September 27, 2026, was $84.8 million, an increase from $21.7 million in the prior year.
- Total assets decreased to $3.13 billion as of September 27, 2026, from $3.17 billion as of December 28, 2025.
- Total liabilities decreased to $2.70 billion as of September 27, 2026, from $2.83 billion as of December 28, 2025.
- Stockholders' equity increased to $434.3 million as of September 27, 2026, from $337.2 million as of December 28, 2025.
- The company recorded a $28.2 million goodwill impairment charge related to the Bonefish Grill reporting unit during the thirteen weeks ended December 28, 2025.
Price Impact
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