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Bloomin' Brands · Outback Steakhouse · Q3 Earnings · Turnaround Strategy
Bloomin' Brands reported its Q3 2025 results, showing signs of recovery with improved comparable sales and traffic trends, particularly for its Outback Steakhouse brand, which saw its first quarterly traffic increase in four years.
Despite a net loss for the quarter, the company's adjusted loss per share of $0.03 beat analyst expectations. A comprehensive turnaround strategy for Outback Steakhouse was unveiled, focusing on enhancing the dine-in experience, brand relevancy, and steak quality.
The company also plans to shift its marketing spend towards digital channels and invest in restaurant infrastructure. Full-year 2025 guidance was updated, projecting modest comparable sales growth and improved earnings per share.
The sale of its Brazil business was also finalized, strengthening the company's balance sheet.
Bloomin' Brands' Outback Turnaround Delivers First Traffic Growth in Four Years, Beats Estimates(current)
