Bloomin’ Brands Shares Close at $10.47 Ahead of Third-Quarter Results
Key Facts
Bloomin’ Brands shares closed at $10.47 on November 5, 2026, according to EL7 data, on the eve of the date the company set to release and review its fiscal third-quarter results. The company had said results for the quarter ended September 27 would be released on Friday, November 6, with a review call scheduled for the same day. That puts the prior session in a wait-and-see context ahead of the disclosure, while no third-quarter results or confirmed update to full-year earnings guidance are available in the verified information here. The company owns restaurant brands including Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The results therefore concern a multi-brand portfolio, with Outback central to the turnaround plan the company linked to an earlier increase in its annual outlook.
The latest available operating context in the company’s disclosure dates to the second quarter of 2026, when comparable sales at its U.S. restaurants rose 2.3%, versus growth of 1.4% at Outback Steakhouse. The figures measure comparable sales during that quarter and do not describe performance in the third quarter ended September 27. In the same period, the company reported diluted earnings of $0.37 per share and adjusted diluted earnings of $0.39. Those prior results offer a reference point for assessing whether operating performance continued into the following quarter, but they do not settle that question before the figures are released. The difference between the group’s comparable-sales growth and Outback’s also highlights that the flagship brand did not match the average for the company’s U.S. restaurants in the second quarter.
In its second-quarter disclosure, CEO Mike Spanos attributed the increase in full-year earnings guidance to the quarter’s results and continued progress on the Outback turnaround plan. He said that progress “led us to raise our full-year earnings outlook.” The statement sets out the basis for the company’s earlier guidance update, but does not in itself establish that a new update will be issued on November 6. In the same disclosure, the company said it was reaffirming the other aspects of its annual financial guidance as previously announced. Management thus tied the earnings outlook increase to factors related to the second quarter and the Outback plan, while leaving the rest of its annual guidance unchanged at the time of that announcement.
The operating outlook the company previously gave for the third quarter targeted U.S. comparable-sales growth of between 1.0% and 2.0%. At the time, the company estimated adjusted diluted earnings for the quarter in a range of a loss of between $0.27 and $0.22 per share. These figures are previously announced third-quarter estimates and are not reported results for the period ended September 27. The November 6 results are scheduled to provide the actual figures for the quarter, which the company will review on a call the same day. That disclosure remains the next scheduled milestone, while the $10.47 closing price is the available market figure for the November 5 session.