Bloomin' Brands reported second-quarter 2026 results with total revenues of $1,015.8 million and diluted earnings per share from continuing operations of $0.37 (adjusted diluted EPS $0.39). GAAP operating income margin rose to 3.8% while restaurant-level operating margin improved to 12.4%. The company raised its full-year diluted and adjusted diluted EPS guidance for fiscal 2026.
Financial Highlights
- Total revenues: $1,015.8 million for Q2 2026, up from $1,002.4 million in Q2 2025 (1.3% increase).
- Diluted earnings per share (continuing operations): $0.37 for Q2 2026 vs. $0.29 for Q2 2025.
- Adjusted diluted earnings per share (continuing operations): $0.39 for Q2 2026 vs. $0.32 for Q2 2025.
- Income from operations: $38.3 million for Q2 2026; GAAP operating income margin 3.8% (Q2 2025: 3.0%).
- Restaurant-level operating margin: 12.4% for Q2 2026 vs. 12.0% for Q2 2025.
Business Highlights
- Comparable U.S. restaurant sales increased: combined U.S. comparable restaurant sales rose 2.3% for the quarter, driven by pricing and higher average check per person.
- Brand performance: Bonefish Grill delivered the strongest comp performance with +8.1% comparable sales in Q2 2026; Outback, Carrabba’s and Fleming’s also posted positive comps.
- Operational improvements: Restaurant-level margin benefited from productivity initiatives, lower pre-opening and health insurance costs, partially offset by higher commodity and labor costs.
- Network changes: System-wide count at quarter end was 1,448 restaurants (company-owned 959, franchised 489) after net closures and openings during the period.
- Turnaround actions: Continued execution of the Outback turnaround, including equipment upgrades (accelerated depreciation adjustments noted) and other transformational initiatives contributing to margin improvement.
Original SEC Filing:
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