Bloomin' Brands raises 2026 guidance as Outback turnaround lifts results
The gist
Bloomin' Brands raised full-year 2026 EPS guidance to $0.85–$0.95 after a Q2 beat.
The Outback parent's turnaround is drawing mixed analyst ratings ahead of Q3 results.
How it unfolded
- Feb 25, 2026Bloomin' reported Q4 results: same-store sales were flat for the quarter ended Dec. 28, 2025, with revenue of $975.2 million.
- Aug 5, 2026Q2 net income came in at $31.3 million, or 36 cents a share, on revenue of $1.02 billion, beating consensus; the company raised full-year 2026 EPS guidance to $0.85–$0.95 from $0.70–$0.85.
- Aug 8, 2026Shares rose 26.4% after the guidance raise amid turnaround progress.