Bloomin' Brands, Inc. Stock News

While egg prices have come down from record highs, the cost of beef—a key protein on most American tables—continues to rise. That could not only dent consumer wallets, but also raise input costs for restaurants, forcing them to either raise prices or risk lower profits.

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My hold rating on Bloomin' Brands stock remains as 4Q24 results showed no meaningful progress, with revenue and traffic declining, and margins contracting. New management is implementing positive changes like menu optimization and consistent value-driven promotions, but more evidence of traffic recovery and margin stabilization is needed. Rising labor and input costs add uncertainty, and compet...

Bloomin' Brands, Inc. (NASDAQ:BLMN ) Q4 2024 Earnings Conference Call February 26, 2025 8:30 AM ET Company Participants Tara Kurian - Vice President, Corporate Finance & Investor Relations Mike Spanos - Chief Executive Officer Michael Healy - Executive Vice President & Chief Financial Officer Conference Call Participants Alex Slagle - Jefferies Jeffrey Bernstein - Barclays Brian Harbour - Morga...

The parent company of Outback Steakhouse swings to a loss and offers soft guidance for 2025 amid continued pressure on fast-casual dining.

TAMPA, Fla.--(BUSINESS WIRE)--Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the fourth quarter 2024 (“Q4 2024”) and fiscal year ended December 29, 2024 (“Fiscal Year 2024”) compared to the fourth quarter 2023 (“Q4 2023”) and the fiscal year ended December 31, 2023 (“Fiscal Year 2023”). In 2023, the fourth quarter and fiscal year included an additional operating week (“53rd wee...

TAMPA, Fla.--(BUSINESS WIRE)--Kelia Bazile has been promoted to President of Carrabba's Italian Grill where she will be responsible for leading the operations and development for more than 190 Carrabba's locations. Carrabba's offers authentic Italian cuisine passed down from the restaurant's founders' family recipes. It's one of four brands in the Bloomin' Brands (Nasdaq: BLMN) portfolio. “Keli...

Nine months ago, Wall Street pundits were certain that four interest-rate cuts of 25 basis points each would occur in 2025.