BLMN
Bloomin' BrandsNASDAQ
1d
5d
1m
6m
1y
5y
10y
Advanced Chart
  • Wed, Nov. 9, 6:47 AM
    | Wed, Nov. 9, 6:47 AM | 118 Comments
  • Mon, Nov. 7, 8:18 AM
    | Mon, Nov. 7, 8:18 AM
  • Fri, Oct. 28, 9:42 AM
    • Bloomin' Brands (BLMN -5.5%) reports U.S. comparable restaurant sales fell 0.7% in Q3. Total sales were down 2.1% to $1.01B.
    • Comparable sales increased 7.3% for the Outback Steakhouse - Brazil business.
    • The U.S. restaurant-level operating margin rate improved 30 bps to 14.1%.
    • The international restaurant-level operating margin rate slipped 50 bps to 7.9%.
    • The company added 10 new restaurants during the quarter.
    • Total number of restaurants +6 Q/Q to 1,507.
    • Bloomin' expects comparable restaurant sales growth of -1.0% to -1.5% for the full year. EPS of $1.30-$1.35 is forecast.
    | Fri, Oct. 28, 9:42 AM
  • Fri, Oct. 28, 9:39 AM
    • Bloomin' Brands (NASDAQ:BLMN): Q3 EPS of $0.20 in-line.
    • Revenue of $1.01B (-1.9% Y/Y) beats by $10M.
    • Press Release
    | Fri, Oct. 28, 9:39 AM
  • Thu, Oct. 27, 5:30 PM
    | Thu, Oct. 27, 5:30 PM | 2 Comments
  • Tue, Oct. 18, 10:02 AM
    • A pretty interest pullout from today's release of consumer price numbers from the Bureau of Labor Statistics was the comparison between food prices at home and at restaurants (H/T Jonathan Maze of Nations Restaurant News).
    • September CPI data: Food at home -2.2% Y/Y and -0.1% M/M, food away from home +2.4% Y/Y and +0.2% M/M
    • The high cost of eating out is seen by analysts as a major factor in why traffic has been falling this year. Rising healthcare and labor costs have pressured restaurant chains to ratchet up prices.
    • Some related stocks: MCD, WEN, DIN, EAT, CBRL, QSR, JACK, BWLD, NDLS, PNRA, BJRI, BLMN, IRG, CAKE.
    • Related ETF: BITE.
    | Tue, Oct. 18, 10:02 AM | 6 Comments
  • Mon, Oct. 17, 1:18 PM
    | Mon, Oct. 17, 1:18 PM | 5 Comments
  • Sat, Sep. 10, 12:17 PM
    • The sluggish trend continues in the restaurant sector with same-store sales down 0.6% in August, according to the latest read from Black Box Intelligence.
    • Same-store traffic was 2.7% lower Y/Y during the month to improve on the 3.9% drop recorded in July. Average guest check across the industry was up 2.3% to help offset for some of the loss of customers.
    • Another weak month in the Southwest (sales -5%, traffic -7%) doesn't bode well for chains with a high concentration of stores in Texas.
    • Though the broad read from analysts is that consumer spending is still tight in the U.S., there are also some concerns that restaurant chains are having trouble building brand loyalty with millennials giving their business to independent eateries.
    • Restaurant stocks: CAKE, CBRL, DNKN, DPZ, DRI, EAT, JACK, MCD, RRGB, RT, SONC, WEN, BWLD, BDL, QSR, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN, HABT, NDLS, BOJA, PBPB, PLKI, FRSH, RAVE, LOCO, TACO, PZZA, KONA, BGR, BJRI, CHUY, FRS, CBRL, GTIM, TAST, WING, BOJA, ZOES, PLAY, FOGO, ARCO, STKS, WING.
    • Related ETF: BITE.
    | Sat, Sep. 10, 12:17 PM | 12 Comments
  • Thu, Aug. 11, 2:57 PM
    • Wendy's (WEN +0.4%) CEO Todd Penegor confirmed that a consumer trend of eating home is at play, although he pointed to pricing not civil discontent as the larger factor.
    • "The continued gap in the cost of eating at home and dining out is at the widest point since the recession," stated Todd Penegor.
    • Just a partial list of restaurant chains that disappointed with their Q2 comparable sales growth marks includes Brinker International (NYSE:EAT), Bojangles (NASDAQ:BOJA), Red Robin Gourmet Burgers (NASDAQ:RRGB), Habit Restaurants (NASDAQ:HABT), Bravo Brio Restaurant Group (NASDAQ:BBRG), Cosi (NASDAQ:COSI), Bloomin' Brands (NASDAQ:BLMN), Buffalo Wild Wings (NASDAQ:BWLD), and Noodles (NASDAQ:NDLS).
    • Wendy's earnings call transcript
    • Related: Consumers trade down to fast food (Aug. 4)
    | Thu, Aug. 11, 2:57 PM | 3 Comments
  • Sat, Aug. 6, 11:06 AM
    • The heavy investment by the automobile industry on self-driving technology could end up benefiting restaurants and beer companies, according to some conjecture from Morgan Stanley.
    • The math from MS works out like this: You take the 39% of the 2.1B global drinking population that drives and factor in that their average intake of alcohol would increase from 1.5 drinks to 2.5 drinks per week with a self-driving car to haul them home. Assign a value per drink of $2.32 and you have an incremental annual benefit of $98B for the restaurant and alcohol industry.
    • There's conflicting data on the impact of Uber (Private:UBER) and Lyft (Private:LYFT) on alcohol consumption, so the Morgan Stanley theory has a ways before playing out. Still, Morgan's Adam Jonas is convinced the automobile industry is heading toward a future of fully autonomous transport in which the driving experience is nostalgic. The buying habits of younger millennials support the thesis to a degree.
    • During the Tesla Motors (NASDAQ:TSLA) earnings call earlier this week, Elon Musk predicted global demand for self-driving cars would reach 2.5B. Execs with General Motors (NYSE:GM), BMW (OTCPK:BMWYY), and Toyota (NYSE:TM) also talked autonomous models in their CCs.
    • If Jonas and Musk are anywhere close to correct, the list of companies that could benefit from the autonomous push includes Buffalo Wild Wings (NASDAQ:BWLD), Dine Equity (NYSE:DIN), Anheuser-Busch InBev (NYSE:BUD), Molson Coors (NYSE:TAP), Boston Beer (NYSE:SAM), Brinker International (NYSE:EAT), Bloomin' Brands (NASDAQ:BLMN), Ignite Restaurant Group (NASDAQ:IRG), Kona Grille (NASDAQ:KONA), Diageo (NYSE:DEO), Constellations Brands (NYSE:STZ), and Craft Brew Alliance (NASDAQ:BREW).
    • Related ETF: BITE.
    | Sat, Aug. 6, 11:06 AM | 108 Comments
  • Fri, Jul. 29, 7:41 AM
    • Bloomin' Brands (NASDAQ:BLMN) reports U.S. comparable restaurant sales fell 2.3% in Q2.
    • Comp for Outback Steakhouse in Brazil  grew 3.9%.
    • Segment revenue: U.S.: $958.98M (-2.4%); International: $119.61M (+2.6%).
    • Adjusted restaurant-level operating margin rate down 70 bps to 15.5% primarily due to higher labor expense, unfavorable product mix and higher commodity costs.
    • U.S. adjusted restaurant-level operating margin rate declined 40 bps to 15.5%.
    • International adjusted restaurant-level operating margin rate slipped 70 bps to 16.9%.
    • The company added 6 new restaurants during the quarter.
    • Total number of restaurants -2 Q/Q to 1,500.
    • FY2016 Guidance: U.S.comparable restaurant sales: flat; GAAP operating income margin: decrease; Adjusted operating income margin: flat; Tax rate: 30% to 31%; Adjusted Tax rate: 25% to 26%; GAAP diluted EPS; At least $0.75; Adjusted diluted EPS : At least $1.35; Number of new system-wide restaurants: 40 to 50; Capex: $235M to $255M.
    | Fri, Jul. 29, 7:41 AM
  • Fri, Jul. 29, 7:06 AM
    • Bloomin' Brands (NASDAQ:BLMN): Q2 EPS of $0.30 in-line.
    • Revenue of $1.08B (-1.8% Y/Y) misses by $10M.
    • Press Release
    | Fri, Jul. 29, 7:06 AM
  • Thu, Jul. 28, 5:30 PM
  • Tue, Jul. 19, 7:55 AM
    • Bloomin' Brands (NASDAQ:BLMN) announces it launched a loyalty program called Dine Rewards.
    • The company says Dine Rewards is the first nationwide loyalty program in casual dining to offer rewards across multiple restaurant concepts.
    • Customers will earn a 50%-off meal after three visits to Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, or Fleming's Prime Steakhouse & Wine Bar.
    • Bloomin' Brands points to research indicating 75% of consumers would like to have one rewards program membership that was honored at multiple restaurant chains.
    • Source: Press Release
    | Tue, Jul. 19, 7:55 AM
  • Fri, Jul. 15, 2:24 PM
    • Same-store sales growth in the restaurant sector fell 1.1% in June, according to Black Box Intelligence.
    • Same-store traffic was down 3.5% Y/Y during the month and 3.0% for all of Q2. The worst numbers were posted in the Southwest part of the U.S. That data point, along with the recent issues at Taco Bell (weak Q2 U.S. sales) and Chipotle (survey results), raises questions on how Chuy's Holdings (NASDAQ:CHUY), Qdoba (NASDAQ:JACK), and Del Taco (NASDAQ:TACO) fared during the quarter.
    • The weak month of same-store sales growth also puts a spotlight on McDonald's (NYSE:MCD) and Starbucks (NASDAQ:SBUX) to see if they matched their recent performances in the U.S.
    • Earlier sector news: Restaurants see some relief on commodity costs (July 15)
    • Related stocks: EAT, WEN, SONC, QSR, CMG, NDLS, PLKI, BOBE, BLMN, RT, TXRH, RRGB, ZOES.
    • Related ETF: BITE.
    | Fri, Jul. 15, 2:24 PM | 9 Comments
  • Tue, Jul. 12, 2:01 PM
    • Bloomin' Brands (BLMN +3.1%) disclosed it sold its South Korean business for $49.4M.
    • The company is moving to a franchise model in the nation.
    • Bloomin' Brands says it expects to recognize a pre-tax impairment charge of approximately $9M to $13M related to the sale.
    • BLMN trades with one of the lowest forward P-E and price-to-sales ratios in the restaurant sector.
    • SEC Form 8-K
    | Tue, Jul. 12, 2:01 PM