BLMN Stock Recent News

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.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

BLMN, ACLS and AIQUY have been added to the Zacks Rank #5 (Strong Sell) List on August 29, 2024.

Bloomin' Brands Inc. BLMN is the parent company of a diverse group of restaurants, including Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar. I'll comment on the relevance of that later, but right now, growth is slowing to a crawl, and inflation is taking a bite out of the company's earnings.

Although the revenue and EPS for Bloomin' Brands (BLMN) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.