BLMN earnings analysis
What we found in BLMN's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Bloomin' Brands (BLMN) reported Q1 2026 earnings, exceeding revenue expectations slightly with $1.059 billion, and a diluted EPS of $0.64, up from $0.50 in the prior year. The company indicated stable operating margins and confirmed ongoing improvement from its turnaround strategy, despite some pressure from inflation on costs.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Surpassed Expectations
- Actual revenue was $1.059 billion, exceeding the estimate of $1.041 billion by 1.7%.
- Increased EPS
- Diluted EPS rose to $0.64, up from $0.50 in Q1 2025, reflecting a 28% year-on-year increase.
- Improved Operating Margin
- Operating income margin increased to 5.6% from 5.5% in the prior year.
- Cash Reserves Maintained
- Company reported $71.3 million in cash and cash equivalents as of March 29, 2026.
- Operational Efficiency
- Restaurant-level operating margin improved to 14.0% this quarter, versus 13.9% a year ago.
- U.S. Segment Growth
- U.S. restaurant sales increased to $1.032 billion from $1.020 billion year-over-year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Inflation Pressures
- Food and beverage costs increased as a percentage of sales by 0.1% due to commodity inflation.
- Operating Costs Rising
- Labor costs rose 0.1% primarily driven by higher wages and benefits.
- Sales Declines in International Franchise
- International franchise revenues dropped to $7.57 million, down from $9.28 million.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.64
- Operating margin
- 5.6%
- Segment
- U.S. Total Revenue: $1.042 billion
- Segment
- International Franchise Revenue: $7.57 million
What they said about what is next.
Management expects Q2 2026 diluted EPS between $0.24 and $0.29.
The filing reads better than the one before it.
What came before.
- 10-K · February 25, 2026
- Bloomin’ Brands describes a turnaround-focused strategy: investing in restaurant refreshes (plan to remodel nearly all Outback Steakhouse restaurants by the end of 2028), pursuing franchise-led international growth…
- 10-Q · August 7, 2025
- Bloomin’ Brands reported Q2 (13 weeks) revenue of $1,002,366,000 and net diluted EPS of $0.30. Operating income declined to $29,650,000 from $44,052,000 a year ago, but the company generated strong operating cash flow…
- 10-Q · November 8, 2024
- Bloomin’ Brands reported quarterly revenues of $1,038,771 (13 weeks ended September 29, 2024), down from $1,079,833 a year earlier, with income from operations falling to $17,210 from $58,216 and diluted EPS of $0.08…
- 10-K · February 28, 2024
- Bloomin’ Brands positions itself as a multi-brand casual-dining operator with four core concepts (Outback, Carrabba’s, Bonefish Grill and Fleming’s) and a two-segment reporting structure (U.S. and international). The…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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