Bloomin' Brands tops Q3 revenue estimates on comparable sales, gift card breakage

By Reuters News


Overview

  • US full-service restaurant operator's Q3 revenue rose 1.7%, beating analyst expectations

  • Adjusted diluted loss per share was smaller than analysts' expectations

  • Revenue growth driven by higher comparable sales and gift card breakage revenue change


Outlook

  • Company raises full-year 2026 diluted EPS guidance to $1.06-$1.11 from $0.85-$0.95

  • Company lifts full-year 2026 adjusted diluted EPS forecast to $0.97-$1.02 from $0.90-$1.00

  • Company narrows full-year 2026 US comparable sales growth outlook to 1%-1.5% from 1%-2%


Result Drivers

  • COMPARABLE SALES - Co said higher comparable restaurant sales contributed to revenue growth

  • GIFT CARD BREAKAGE - Co said change in accounting estimate for gift card breakage revenue added $13.2 mln to Q3 revenue

  • HIGHER AVERAGE CHECK - Co said increased average check per person, mainly from pricing, helped boost restaurant-level margin


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$944.3 mln

$925.23 mln (10 Analysts)

Q3 Adjusted Loss Per Share

Beat

$0.17

$0.24 (11 Analysts)

Q3 Loss Per Share

$0.02

Q3 Adjusted Operating Income Margin

0.30%


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the restaurants & bars peer group is "buy."

  • Wall Street's median 12-month price target for Bloomin' Brands Inc is $12.00, about 14.6% above its November 5 closing price of $10.47

  • The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago


Reuters Recommended Reads

  • Nov 4 - Applebee's owner Dine Brands beats Q3 sales estimates on value, menu innovation

  • Nov 5 - Sweetgreen's Q3 revenue rises, beats estimates

  • Nov 5 - Molson Coors Q3 sales slightly misses estimates; cuts outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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