Overview

* Bloomin' Brands ( BLMN ) Q3 revenue rises 2.1%, beating analyst expectations

* Adjusted EPS for Q3 beats consensus despite reported loss

* Company suspends dividend to support turnaround strategy, focusing on Outback Steakhouse

Outlook

* Company reaffirms full-year adjusted EPS guidance of $1.10 to $1.15

* Bloomin' Brands ( BLMN ) expects Q4 U.S. comparable sales growth of 0.5% to 1.5%

* Company anticipates labor inflation of approximately 3.5% for 2025

Result Drivers

* REVENUE GROWTH - Driven by new restaurant openings and higher U.S. comparable restaurant sales, despite lower franchise revenues

* MARGIN PRESSURE - Higher commodity, labor, and insurance costs due to inflation impacted restaurant-level operating margins

* TURNAROUND STRATEGY - Focus on Outback Steakhouse with strategic investments and debt reduction, dividend suspended

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $928.80 $906.93

Revenue mln mln (11

Analysts

)

Q3 Beat -$0.03 -$0.12

Adjusted (13

EPS Analysts

)

Q3 EPS -$0.54

Q3 0.80%

Adjusted

Operatin

g Income

Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 10 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the restaurants & bars peer group is "buy."

* Wall Street's median 12-month price target for Bloomin' Brands Inc ( BLMN ) is $7.63, about 5.2% above its November 5 closing price of $7.23

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)