--- title: "Bloomin Brands | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 1.06 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/285610014.md" datetime: "2026-05-07T20:16:50.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285610014.md) - [en](https://longbridge.com/en/news/285610014.md) - [zh-HK](https://longbridge.com/zh-HK/news/285610014.md) --- # Bloomin Brands | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 1.06 B Revenue: As of FY2026 Q1, the actual value is USD 1.06 B, beating the estimate of USD 1.042 B. EPS: As of FY2026 Q1, the actual value is USD 0.65. EBIT: As of FY2026 Q1, the actual value is USD 59.1 M. ### Consolidated Operational Metrics #### Income from Operations Income from operations for Bloomin’ Brands, Inc. was $59,103 thousand for the thirteen weeks ended March 29, 2026, an increase from $57,231 thousand in the prior year period. The operating income margin was 5.6% for the thirteen weeks ended March 29, 2026, compared to 5.5% for the same period in 2025. #### Net Income Attributable to Bloomin’ Brands Net income attributable to Bloomin’ Brands, Inc. was $55,654 thousand for the thirteen weeks ended March 29, 2026, an increase from $42,152 thousand for the thirteen weeks ended March 30, 2025. #### Restaurant-Level Operating Margin Restaurant-level operating income was $145,390 thousand for the thirteen weeks ended March 29, 2026, compared to $142,828 thousand for the thirteen weeks ended March 30, 2025. The restaurant-level operating margin was 14.0% for the thirteen weeks ended March 29, 2026, up from 13.9% in the prior year period. #### Costs and Expenses (as a percentage of Restaurant sales or Total revenues) - **Food and beverage:** 30.5% for the thirteen weeks ended March 29, 2026, compared to 30.4% for the prior year period. - **Labor and other related:** 30.7% for the thirteen weeks ended March 29, 2026, compared to 30.6% for the prior year period. - **Other restaurant operating:** 24.8% for the thirteen weeks ended March 29, 2026, compared to 25.1% for the prior year period. - **Depreciation and amortization:** 4.4% for the thirteen weeks ended March 29, 2026, compared to 4.2% for the prior year period. - **General and administrative:** 4.9% for the thirteen weeks ended March 29, 2026, compared to 5.8% for the prior year period. - **Provision for impaired assets and restaurant closings:** 0.5% for the thirteen weeks ended March 29, 2026, compared to less than 0.1% for the prior year period. ### Segmented Financial Metrics #### U.S. Segment - **Total revenues:** $1,042,453 thousand for the thirteen weeks ended March 29, 2026, compared to $1,030,903 thousand for the thirteen weeks ended March 30, 2025. - **Restaurant sales:** $1,032,191 thousand for the thirteen weeks ended March 29, 2026, compared to $1,020,130 thousand for the prior year period. - **Franchise and other revenues:** $10,262 thousand for the thirteen weeks ended March 29, 2026, compared to $10,773 thousand for the prior year period. - **Income from operations:** $88,016 thousand for the thirteen weeks ended March 29, 2026, compared to $87,670 thousand for the prior year period. - **Operating income margin:** 8.4% for the thirteen weeks ended March 29, 2026, compared to 8.5% for the prior year period. - **Depreciation and amortization:** $44,034 thousand for the thirteen weeks ended March 29, 2026, compared to $41,613 thousand for the prior year period. - **Capital expenditures:** $24,165 thousand for the thirteen weeks ended March 29, 2026, compared to $39,297 thousand for the prior year period. #### International Franchise Segment - **Total revenues:** $7,570 thousand for the thirteen weeks ended March 29, 2026, compared to $9,283 thousand for the prior year period. - **Income from operations:** $7,336 thousand for the thirteen weeks ended March 29, 2026, compared to $9,004 thousand for the prior year period. - **Total segment expenses:** $234 thousand for the thirteen weeks ended March 29, 2026, compared to $279 thousand for the prior year period. ### Other Key Operational Metrics #### Restaurant Count (as of March 29, 2026 vs. March 30, 2025) - **U.S. Total:** 1,088 restaurants (1,113 in 2025). - **International Franchise Total:** 354 restaurants (343 in 2025). - **System-wide Total:** 1,452 restaurants (1,466 in 2025), with 962 Company-owned (980 in 2025) and 490 Franchised (486 in 2025). #### Comparable Restaurant Sales (YoY Percentage Change) - **Combined U.S.:** 0.9% for the thirteen weeks ended March 29, 2026, compared to -0.5% for the prior year period. - Outback Steakhouse: -0.3% (from -1.3%). - Carrabba’s Italian Grill: 1.3% (from 1.4%). - Bonefish Grill: 6.1% (from -4.0%). - Fleming’s Prime Steakhouse & Wine Bar: 0.8% (from 5.1%). #### Traffic (YoY Percentage Change) - **Combined U.S.:** -1.8% for the thirteen weeks ended March 29, 2026, compared to -3.9% for the prior year period. #### Average Check Per Person (YoY Percentage Change) - **Combined U.S.:** 2.7% for the thirteen weeks ended March 29, 2026, compared to 3.4% for the prior year period. ### Cash Flows - **Net cash provided by operating activities:** $75,299 thousand for the thirteen weeks ended March 29, 2026, compared to $73,465 thousand for the prior year period. - **Net cash used in investing activities:** - $25,182 thousand for the thirteen weeks ended March 29, 2026, compared to $39,733 thousand provided by investing activities in the prior year. - **Net cash used in financing activities:** - $38,243 thousand for the thirteen weeks ended March 29, 2026, compared to - $125,240 thousand in the prior year period. - **Cash and cash equivalents:** $71,300 thousand as of March 29, 2026. - **Working capital deficit:** - $591,075 thousand as of March 29, 2026, compared to - $609,008 thousand as of December 28, 2025. ### Other Financial Data - **Long-term debt, net:** $752,605 thousand as of March 29, 2026, compared to $787,425 thousand as of December 28, 2025. - **Unearned revenue (total):** $321,388 thousand as of March 29, 2026, compared to $377,933 thousand as of December 28, 2025. - **Available unused borrowing capacity:** $728,700 thousand under the revolving credit facility as of March 29, 2026. ### Future Outlook and Strategy Bloomin’ Brands, Inc. is implementing a turnaround strategy for Outback Steakhouse, focusing on enhancing the dine-in experience, driving brand relevancy, and fostering an ownership culture, supported by investments and productivity savings. 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