Bloomin' Brands (NASDAQ:BLMN) shares surged around 20% in pre-market trading after the restaurant operator reported second-quarter results that exceeded Wall Street expectations and raised its earnings guidance for the full year.
The company posted adjusted earnings of $0.39 per share, outperforming the ***** yst consensus estimate of $0.29 by $0.10. Revenue increased 1.3% year over year to $1.02 billion, exceeding market expectations of $1.0 billion.
Bloomin' Brands recorded U.S. comparable restaurant sales growth of 2.3% during the quarter.
Bonefish Grill led the group's performance with comparable sales growth of 8.1%, followed by Carrabba's Italian Grill at 1.7%, Fleming's Prime Steakhouse & Wine Bar at 1.6% and Outback Steakhouse at 1.4%.
Following the stronger-than-expected quarter, Bloomin' Brands increased its adjusted earnings guidance for fiscal 2026.
#bloomin #year #grill #market
The company posted adjusted earnings of $0.39 per share, outperforming the ***** yst consensus estimate of $0.29 by $0.10. Revenue increased 1.3% year over year to $1.02 billion, exceeding market expectations of $1.0 billion.
Bloomin' Brands recorded U.S. comparable restaurant sales growth of 2.3% during the quarter.
Bonefish Grill led the group's performance with comparable sales growth of 8.1%, followed by Carrabba's Italian Grill at 1.7%, Fleming's Prime Steakhouse & Wine Bar at 1.6% and Outback Steakhouse at 1.4%.
Following the stronger-than-expected quarter, Bloomin' Brands increased its adjusted earnings guidance for fiscal 2026.
#bloomin #year #grill #market
3 hours ago
