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Q1’26 CONFERENCE CALL TRANSCRIPT
Bloomin’ Brands, Inc. (BLMN) Q1 2026 Earnings Call Transcript _ Seeking Alpha
The Turnaround Strategy
“Additionally, in support of our turnaround strategy, during the thirteen and thirty-nine weeks ended September 28, 2025, we made the decision to close 21 U.S. restaurants and not renew the leases of 22 U.S. restaurants, the majority of which expire over the next four years (the “2025 Restaurant Closures”). Including the impacts of these closures, we recognized asset impairments and net closure charges of $33.2 million during Q3 2025. The closures of the 21 U.S. restaurants were completed during October 2025 with an estimated $5.0 million to $7.0 million of related severance and closure charges to be recorded during the thirteen weeks ended December 28, 2025.”
Fiscal 2026 Financial Outlook
The table below presents our expectations for selected 2026 financial operating results.
| Financial Results: | 2026 Guidance | |
| U.S. comparable restaurant sales | 0.5% to 2.5% | |
| Diluted earnings per share (1) | $0.70 to $0.85 | |
| Adjusted diluted earnings per share (1)(2) | $0.75 to $0.90 | |
| Effective income tax rate | Negative | |
| _______________ (1) Assumes diluted weighted average shares of 86 to 87 million. (2) Includes estimated adjustments related to accelerated depreciation associated with equipment upgrades in connection with the turnaround strategy. |
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| Other Selected Financial Data: | 2026 Guidance | |
| Commodity inflation | 4.5% to 5.5% | |
| Labor inflation | 3% to 3.5% | |
| Capital expenditures | $185M to $195M | |
| Number of new company-owned restaurants | 6-8 | |
| Number of new franchised restaurants | 17-20 |
Q1 2026 Financial Outlook
The table below presents our expectations for selected fiscal Q1 2026 financial operating results.
| Financial Results: | Q1 2026 Outlook | |
| U.S. comparable restaurant sales | Flat to 1% | |
| Diluted earnings per share (1) | $0.54 to $0.59 | |
| Adjusted diluted earnings per share (1)(2) | $0.57 to $0.62 | |
| _______________ (1) Assumes diluted weighted average shares of approximately 86 million. (2) Includes estimated adjustments related to accelerated depreciation associated with equipment upgrades in connection with the turnaround strategy. |
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