NASDAQ$BLMN
Bloomin Brands Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Bloomin' Brands reported strong Q3 2021 financial results with significant sales, margin, and earnings growth.
Bloomin' Brands announced strong Q3 2021 results driven by significant sales, margin, and earnings growth. Total revenues increased by 31.0% compared to Q3 2020, primarily due to higher comparable restaurant sales. Diluted EPS was $0.03, and adjusted diluted EPS was $0.57.
- Q3 2021 diluted EPS was $0.03, and adjusted diluted EPS was $0.57.
- Comparable restaurant sales growth was 18.3% at Outback Steakhouse and 25.5% combined in the U.S.
- U.S. comparable restaurant sales increased 9.5% when compared to Q3 2019.
- The company is combating inflationary pressures and remains confident in its strategy to deliver long-term goals.
Headline financials
Revenue & EPS history
Bloomin' Brands · Revenue · Quarterly
$1.01B
Revenue by segment
Bloomin' Brands · $1.01B total across 2 segments · Q3 2021
- Restaurant sales$997M+30.0%98.6%
- Franchise and other$13.7M+188.0%1.4%
Forward guidance
The company expects Q4 2021 total revenues of at least $1.02 billion and adjusted diluted earnings per share of at least $0.50.
Tailwinds
- Continuing U.S. sales trends and includes a level of traditional Q4 seasonality
- Achieving ongoing operating efficiencies from simplification efforts, waste reduction and lower advertising
- Q4 Adjusted diluted earnings per share guidance of at least $0.50 represents growth of 56% versus Q4 2019.
Headwinds
- Impact from Florida minimum wage increases due to legislative changes that went into effect in September, higher wage pressures and retention efforts, as well as increased commodity inflation
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 Q3 2021
+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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro