02:26 PM EDT, 08/06/2025 (MT Newswires) -- (Updates with stock price movement in the headline and the first paragraph.)

Bloomin' Brands ( BLMN ) shares were down nearly 29% in recent Wednesday trading after the company lowered its 2025 adjusted EPS guidance as Q2 adjusted earnings fell from a year earlier.

The company reported fiscal Q2 adjusted earnings Wednesday of $0.33 per diluted share, down from $0.51 a year earlier.

Analysts polled by FactSet expected $0.29.

Revenue for the quarter ended June 29 was $1 billion, up from $999.4 million a year earlier.

Analysts surveyed by FactSet expected $985.9 million.

The company said it expects a fiscal Q3 adjusted loss of $0.10 to $0.15 per share. Analysts surveyed by FactSet expect adjusted EPS of $0.05.

For fiscal 2025, adjusted EPS is now projected to be between $1 and $1.10, compared with the prior outlook of $1.20 to $1.40. Analysts surveyed by FactSet expect $1.23.

Price: 6.37, Change: -2.58, Percent Change: -28.84