Bloomin' Brands Q1 EPS Beats by $0.10, Comps up 6.1%, Stock Jumps 40%
BLMN•Bloomin’ Brands’ Q1 revenues rose 1.0% to $1.06 billion, adjusted EPS of $0.67 beat estimates by $0.10, and same-store sales rose in all brands except Outback with Bonefish Grill up 6.1%, driving a 40% stock rally. Goldman Sachs kept a Neutral hold rating, expecting market-average returns near $8.12.
1. Q1 Financial Results Exceed Estimates
Bloomin’ Brands reported Q1 revenue of $1.06 billion, a 1.0% increase year-over-year, and delivered adjusted EPS of $0.67, surpassing consensus by $0.10.
2. Same-Store Sales Performance
Same-store sales rose across all brands except Outback Steakhouse, with Bonefish Grill leading at 6.1% growth on enhanced value offers and operational improvements.
3. Stock Reaction
Following the earnings release, the stock surged 40%, reflecting investor enthusiasm over EPS outperformance and robust sales momentum.
4. Analyst Rating
Goldman Sachs retained a Neutral hold rating on the shares, projecting market-average performance with the stock trading near $8.12.
