NASDAQ$BLMN
Bloomin Brands Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Earnings exceeded expectations and revenues were in line, reflecting investments in customer experience and growth strategy execution.
Bloomin' Brands reported a strong second quarter with earnings above expectations and revenues in line. The company's performance reflects investments in customer experience and the ongoing execution of its growth strategy. They reaffirmed 2023 guidance for U.S. comparable restaurant sales and EPS.
- Delivered strong quarter of results highlighting portfolio benefits.
- Earnings for the quarter were above expectations and revenues were in line.
- Results reflect investments to elevate the customer experience.
- Well positioned to deliver on long-term goals of growing sustainable sales and profits.
Headline financials
Revenue & EPS history
Bloomin' Brands · Revenue · Quarterly
$1.15B
Revenue by segment
Bloomin' Brands · $1.15B total across 2 segments · Q2 2023
- Restaurant sales$1.14B+2.6%98.7%
- Franchise and other$15.4M-5.4%1.3%
Forward guidance
The company reaffirmed all other aspects of its full-year financial guidance as previously communicated in its February 16, 2023 earnings release. For Q3 2023, U.S. comparable restaurant sales are expected to be 0.5% to 1.5%, GAAP diluted earnings per share are expected to be $0.39 to $0.44, and adjusted diluted earnings per share are expected to be $0.41 to $0.46.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+1.2%
Avg return
Earnings day
+0.1%
Avg return
5 days after
-1.2%
Avg return
30 days after
58%
35 / 60 earnings
Positive
+17.3%
Q3 2014
Best reaction
-19.3%
Q2 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.1% | +2.3% | -10.5% | |
| Q4 2025 | -2.9% | +7.7% | -10.4% | |
| Q3 2025 | +5.1% | -7.1% | -2.0% | |
| Q1 2025 | -8.4% | +11.1% | -4.4% | |
| Q4 2024 | -16.8% | -29.1% | -37.7% | |
| Q3 2024 | -18.0% | -19.2% | -23.2% | |
| Q2 2024 | -7.3% | -14.5% | -7.4% | |
| Q1 2024 | -4.3% | -7.7% | -19.4% | |
| Q4 2023 | +4.8% | +4.1% | +2.7% | |
| Q3 2023 | -1.9% | -3.4% | +2.1% | |
| Q2 2023 | -5.4% | -6.9% | +4.4% | |
| Q1 2023 | +4.7% | +4.4% | +5.4% | |
| Q4 2022 | +10.5% | +12.9% | +2.4% | |
| Q3 2022 | +6.5% | +2.9% | +1.2% | |
| Q2 2022 | +3.6% | +7.5% | +8.1% | |
| Q1 2022 | +4.9% | +4.3% | -2.0% | |
| Q4 2021 | +8.6% | +6.6% | -3.0% | |
| Q3 2021 | -5.1% | -2.3% | -17.1% | |
| Q2 2021 | +1.1% | +1.5% | +9.8% | |
| Q1 2021 | +9.7% | +7.2% | +2.6% | |
| Q4 2020 | +10.5% | +13.7% | +26.3% | |
| Q3 2020 | -14.1% | -20.8% | -3.7% | |
| Q2 2020 | +7.5% | +10.8% | +13.8% | |
| Q1 2020 | +15.5% | -7.2% | +38.9% | |
| Q4 2019 | +7.0% | +8.9% | -72.6% | |
| Q3 2019 | +10.6% | +9.9% | +7.4% | |
| Q2 2019 | -3.8% | -5.1% | +1.2% | |
| Q1 2019 | +4.6% | +0.3% | -6.4% | |
| Q4 2018 | +12.2% | +10.1% | +5.9% | |
| Q3 2018 | +8.0% | +11.1% | +10.5% | |
| Q2 2018 | -1.1% | -7.3% | -1.1% | |
| Q1 2018 | +2.7% | +4.4% | -8.9% | |
| Q4 2017 | +9.5% | +6.5% | +8.2% | |
| Q3 2017 | -2.1% | -2.1% | +23.9% | |
| Q2 2017 | -11.7% | -16.1% | -16.3% | |
| Q1 2017 | +6.3% | +10.6% | +3.1% | |
| Q4 2016 | +5.1% | -0.2% | +3.9% | |
| Q3 2016 | +2.2% | +1.1% | +16.2% | |
| Q2 2016 | -5.2% | -5.3% | +1.4% | |
| Q1 2016 | +9.9% | — | — | |
| Q4 2015 | -9.5% | — | — | |
| Q3 2015 | -2.4% | — | — | |
| Q2 2015 | +0.8% | — | — | |
| Q1 2015 | -7.0% | — | — | |
| Q4 2014 | -0.2% | — | — | |
| Q1 2012 | +2.3% | — | — | |
| Q3 2014 | +17.3% | — | — | |
| Q2 2014 | -19.3% | — | — | |
| Q1 2014 | +0.8% | — | — | |
| Q4 2013 | -1.8% | — | — | |
| Q3 2013 | -4.1% | — | — | |
| Q2 2013 | +6.3% | — | — | |
| Q1 2013 | -3.6% | — | — | |
| Q4 2010 | +2.1% | — | — | |
| Q1 2011 | +2.1% | — | — | |
| Q4 2012 | -5.9% | — | — | |
| Q3 2012 | +10.0% | — | — | |
| Q2 2011 | +7.1% | — | — | |
| Q4 2011 | +7.1% | — | — | |
| Q2 2012 | +6.8% | — | — | |
| Q3 2011 | — | — | — |
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