Bloomin' Brands, Inc.

Bloomin' Brands, Inc. announced the amendment and restatement of its credit agreement, extending the maturity date of its $1.2 billion revolving credit facility to September 25, 2031. The transaction, which is leverage neutral, maintains existing commitment amounts and interest rate structures while introducing a new senior secured net leverage ratio covenant. The company stated this refinancing enhances financial flexibility and strengthens its capital structure.

Bloomin' Brands reported strong second-quarter 2026 financial results, with adjusted diluted EPS increasing to $0.39 and total revenues growing by 1.3% to $1,015.8 million. The company also saw a 2.3% rise in combined U.S. comparable restaurant sales. Following these results and continued progress on the Outback Turnaround, Bloomin' Brands raised its full-year diluted and adjusted diluted EPS guidance.

Bloomin' Brands, Inc. announced that Jessica Mitory, Senior Vice President, Chief Human Resources Officer, has resigned from her position, effective August 17, 2026. The company stated that Ms. Mitory's departure is not a result of any disagreement regarding the company's operations, policies, or practices.

Bloomin' Brands reported a significant increase in net income and diluted EPS for the first quarter ended March 29, 2026, with total revenues also showing a slight increase. The company also disclosed that Out West Restaurant Group, a franchisee operating 72 Outback Steakhouse restaurants, received a default notice from its senior lender, prompting Bloomin' Brands to evaluate operational and strategic alternatives. The company maintained compliance with its debt covenants and saw an increase in cash and cash equivalents.

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.

Bloomin' Brands, Inc. held its 2026 Annual Meeting of Stockholders on April 22, 2026, with 88.71% of shares outstanding represented. Stockholders elected all nine director nominees and ratified PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2026. Additionally, the company's named executive officer compensation was approved on a non-binding advisory basis, and the Amended and Restated 2025 Omnibus Incentive Compensation Plan was also approved. A separate stockholder proposal regarding disclosure was not approved.