BLMN Stock Recent News

Bloomin' Brands, Inc. (NASDAQ:BLMN ) Q4 2024 Earnings Conference Call February 26, 2025 8:30 AM ET Company Participants Tara Kurian - Vice President, Corporate Finance & Investor Relations Mike Spanos - Chief Executive Officer Michael Healy - Executive Vice President & Chief Financial Officer Conference Call Participants Alex Slagle - Jefferies Jeffrey Bernstein - Barclays Brian Harbour - Morgan Stanley John Ivankoe - JPMorgan Lauren Silberman - Deutsche Bank Jeff Farmer - Gordon Haskett Sara Senatore - Bank of America Brian Vaccaro - Raymond James Brian Mullan - Piper Sandler Dennis Geiger - UBS Christine Cho - Goldman Sachs Jon Tower - Citigroup Andrew Strelzik - BMO Operator Greetings, and welcome to the Bloomin' Brands Fiscal Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

The headline numbers for Bloomin' Brands (BLMN) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Bloomin' Brands (BLMN) came out with quarterly earnings of $0.38 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.75 per share a year ago.

The parent company of Outback Steakhouse swings to a loss and offers soft guidance for 2025 amid continued pressure on fast-casual dining.

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the fourth quarter 2024 (“Q4 2024”) and fiscal year ended December 29, 2024 (“Fiscal Year 2024”) compared to the fourth quarter 2023 (“Q4 2023”) and the fiscal year ended December 31, 2023 (“Fiscal Year 2023”). In 2023, the fourth quarter and fiscal year included an additional operating week (“53rd week”) compared to Fiscal Year 2024. CEO Comments “In my first six months, I have become even more confid.

TAMPA, Fla.--(BUSINESS WIRE)--Kelia Bazile has been promoted to President of Carrabba's Italian Grill where she will be responsible for leading the operations and development for more than 190 Carrabba's locations. Carrabba's offers authentic Italian cuisine passed down from the restaurant's founders' family recipes. It's one of four brands in the Bloomin' Brands (Nasdaq: BLMN) portfolio. “Kelia has a proven track record of creating and maintaining high executional standards that drive sales an.

Nine months ago, Wall Street pundits were certain that four interest-rate cuts of 25 basis points each would occur in 2025.

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (NASDAQ: BLMN) today announced that James (Jim) Dinkins joined the company's Board of Directors effective February 12, 2025. With his appointment, the Board increases its size from ten to 11 members. Dinkins will stand for re-election at the 2025 annual stockholders meeting; he will also serve on the Board's Audit Committee. Dinkins currently serves as the Chief Executive Officer of The Honey Baked Ham Company LLC. He also held leadership role.

BofA Securities analyst downgraded the shares of Bloomin' Brands Inc BLMN from Neutral to Underperform and lowered the price forecast from $18.00 to $13.00.

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) announced the promotion of Pat Hafner to Executive Vice President, President of Outback Steakhouse. He will be responsible for leading operations and development for the company's largest brand. He most recently served as President of Carrabba's Italian Grill. “Pat is an ‘operator's operator' who has held a variety of roles and led special projects at Bloomin' Brands,” said Mike Spanos, Chief Executive Officer of Bloomin' Brands.