Bloomin' Brands tops Q3 revenue estimates on comparable sales, gift card breakage
BLMN•Bloomin' Brands reported Q3 revenue of $944.3 million, up 1.7% and above analyst estimates of $925.23 million, while its adjusted loss per share of $0.17 was smaller than expected. It raised its full-year 2026 diluted EPS guidance and narrowed its comparable-sales growth outlook.
1. Quarterly results
Bloomin' Brands said Q3 revenue rose 1.7% to $944.3 million, beating analysts' $925.23 million estimate. Its adjusted diluted loss per share was $0.17, compared with an expected loss of $0.24; its reported loss per share was $0.02.
2. Revenue drivers
The company said higher comparable restaurant sales contributed to revenue growth. A change in its accounting estimate for gift card breakage added $13.2 million to Q3 revenue, while higher average checks, mainly from pricing, helped boost restaurant-level margin.
3. 2026 outlook
Bloomin' Brands raised its full-year 2026 diluted EPS guidance to $1.06-$1.11 from $0.85-$0.95 and lifted its adjusted diluted EPS forecast to $0.97-$1.02 from $0.90-$1.00. It narrowed its outlook for U.S. comparable-sales growth to 1%-1.5% from 1%-2%.
