Restaurant company Bloomin’ Brands (NASDAQ: BLMN) will be announcing earnings results this Wednesday before market hours. Here’s what investors should know.
Bloomin' Brands beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $1.05 billion, down 12.2% year on year. It was a slower quarter for the company, with EPS guidance for next quarter missing analysts’ expectations significantly and a miss of analysts’ EBITDA estimates.
Is Bloomin' Brands a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Bloomin' Brands’s revenue to decline 11.6% year on year to $988.7 million, a further deceleration from the 2.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.29 per share.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 4 downward revisions over the last 30 days (we track 10 analysts). Bloomin' Brands has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Bloomin' Brands’s peers in the sit-down dining segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Kura Sushi delivered year-on-year revenue growth of 17.3%, beating analysts’ expectations by 2.5%, and The Cheesecake Factory reported revenues up 5.7%, topping estimates by 0.8%. Kura Sushi traded down 11.8% following the results while The Cheesecake Factory was up 5.2%.
Read our full analysis of Kura Sushi’s results here and The Cheesecake Factory’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the sit-down dining stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 6.3% on average over the last month. Bloomin' Brands is down 4.2% during the same time and is heading into earnings with an average analyst price target of $9.27 (compared to the current share price of $9.13).
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