Bloomin' Brands Q1 Earnings Call Highlights

3 weeks ago 14

MarketBeat

Wed, May 6, 2026 astatine 8:07 AM CDT 9 min read

Bloomin' Brands logo

Does Cheesecake Factory Stock Have Any Upside Left connected the Menu?

Bloomin' Brands (NASDAQ:BLMN) executives utilized the company’s fiscal first-quarter 2026 net telephone to item aboriginal advancement successful its Outback Steakhouse turnaround efforts, portion reiterating full-year guidance and outlining near-term expectations for the 2nd quarter.

First-quarter results and income trends

Executive Chairman and CEO Michael Spanos said the turnaround strategy, launched successful the 4th fourth of past year, is centered connected “consistent execution crossed food, service, experience, and value” astatine Outback. He said the absorption is opening to amusement up successful impermanent sentiment, with Outback impermanent metric scores improving year-over-year for the 3rd consecutive quarter.

→ Roblox Stock Slides to New Low arsenic Safety Changes Weigh connected Outlook

Higher Beef Prices Are Here: Best Steakhouse Stocks for 2026

Spanos cited a 4-point summation successful marque spot versus the prior-year quarter, alongside higher impermanent scores successful work (+6), worth (+5), ambiance (+5), nutrient (+4), and intent to instrumentality (+4). He added that due to the fact that the mean impermanent visits astir doubly per year, the institution expects “the cumulative interaction of these initiatives to go progressively disposable successful postulation momentum” arsenic much guests acquisition the changes.

On the topline, Spanos said U.S. comparable edifice income roseate 90 ground points successful the quarter, portion postulation declined 180 ground points. The institution estimated upwind reduced results by astir 240 ground points, compared with a 130-basis-point upwind headwind successful the prior-year period. Spanos said Bloomin’ Brands trailed the Black Box manufacture benchmark by 30 ground points connected comparable income and 70 ground points connected traffic, but noted the spread has narrowed 4th aft quarter.

Brand-level comparable income show

→ 3 Emerging Markets ETFs to Maximize Exposure to High-Potential Countries

3 High-Yield Bargains to Watch successful 2025’s Second Half

Spanos broke retired show crossed the company’s large concepts:

Outback Steakhouse: comparable income down 30 ground points; postulation down 240 ground points. Spanos said the Aussie 3-Course connection continues to thrust loyalty and traffic, with astir 60% of guests trading up from the $14.99 introduction terms to higher tiers ($17.99 and $20.99), and astir 20% trading up connected dessert.
Carrabba’s Italian Grill: comparable income up 130 ground points; postulation down 270 ground points. Spanos said this marked Carrabba’s 5th consecutive 4th of affirmative same-store income growth, supported by initiatives including vino dinners, a revamped blessed hour, and caller day-of-week offers.
Bonefish Grill: comparable income up 610 ground points; postulation up 300 ground points. Spanos attributed the betterment to day-of-week offers specified arsenic Martini Mondays and Bang Wednesdays, arsenic good arsenic prix fixe luncheon affordability offers.
Fleming’s Prime Steakhouse & Wine Bar: comparable income up 80 ground points; postulation down 290 ground points, representing the seventh consecutive 4th of affirmative comparable income growth, according to Spanos.