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Bloomin' Brands Inc (BLMN.OQ)

BLMN.OQ on NASDAQ Stock Exchange Global Select Market

23.48USD
25 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Bloomin' Brands And Jana Partners Announce Addition Of New Independent Director To Board
Wednesday, 28 Feb 2018 04:16pm EST 

Feb 28 (Reuters) - Bloomin' Brands Inc ::BLOOMIN' BRANDS, INC. AND JANA PARTNERS ANNOUNCE ADDITION OF A NEW INDEPENDENT DIRECTOR TO BOARD.BLOOMIN' BRANDS INC - JANA PARTNERS AGREES TO SUPPORT ALL NOMINEES AT 2018 ANNUAL MEETING.BLOOMIN' BRANDS INC - NEW INDEPENDENT DIRECTOR ADDED IS WENDY BECK.BLOOMIN' BRANDS INC - WITH ADDITION OF BECK, BOARD CONSISTS OF EIGHT DIRECTORS.BLOOMIN' BRANDS- IN CONNECTION WITH APPOINTMENT OF BECK, CO, JANA ENTERED INTO AGREEMENT.BLOOMIN' BRANDS INC - UNDER AGREEMENT, CO AGREED TO APPOINT WENDY BECK TO BOARD FOR TERM ENDING AT CO'S 2019 ANNUAL MEETING.BLOOMIN' BRANDS - UNDER AGREEMENT, JANA AGREED TO CUSTOMARY STANDSTILL, VOTING COMMITMENTS.  Full Article

Bloomin' Brands Q4 Earnings Per Share $0.17
Thursday, 22 Feb 2018 07:00am EST 

Feb 22 (Reuters) - Bloomin' Brands Inc ::BLOOMIN' BRANDS ANNOUNCES 2017 Q4 DILUTED EPS OF $0.17 AND ADJUSTED DILUTED EPS OF $0.41; Q4 COMPARABLE RESTAURANT SALES GROWTH OF 4.7% AT OUTBACK WITH POSITIVE TRAFFIC OF 4.3%; Q4 COMBINED U.S. COMPARABLE RESTAURANT SALES GROWTH OF 3.3% WITH POSITIVE TRA.Q4 EARNINGS PER SHARE $0.17.Q4 EARNINGS PER SHARE VIEW $0.39 -- THOMSON REUTERS I/B/E/S.SEES 2018 EARNINGS PER SHARE $1.28 TO $1.35.SEES 2018 ADJUSTED EARNINGS PER SHARE $1.38 TO $1.45.BLOOMIN' BRANDS SEES 2018 COMBINED U.S. COMPARABLE RESTAURANT SALES UP 1-2 PERCENT.QTRLY TOTAL REVENUES $1,087.6 MILLION VERSUS $1,004.1 MLN‍​.Q4 REVENUE VIEW $1.05 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $1.40 -- THOMSON REUTERS I/B/E/S.  Full Article

Barington Capital Sends Letter To Bloomin' Brands
Wednesday, 21 Feb 2018 08:00am EST 

Feb 21 (Reuters) - Barington Capital Group L.P. : :BARINGTON CAPITAL GROUP L.P. SAYS IT HAS SENT A LETTER AND A DETAILED PRESENTATION TO CHAIRMAN AND CEO OF BLOOMIN' BRANDS.BARINGTON CAPITAL GROUP SAYS IN LETTER RECOMMENDED THAT BLOOMIN' IMPLEMENT A "VARIETY OF MEASURES TO IMPROVE LONG-TERM VALUE".BARINGTON CAPITAL GROUP SAYS IT IS ITS "BELIEF THAT BLOOMIN' CAN ADDRESS ITS CHALLENGES BY SPINNING OFF ITS SMALLER BRANDS INTO A NEW COMPANY".BARINGTON CAPITAL GROUP SAYS CALLS FOR CHANGES IN COMPOSITION OF BOARD OF DIRECTORS OF BLOOMIN' BRANDS.BARINGTON CAPITAL SAYS RECOMMEND BLOOMIN' BRANDS INC BOARD APPOINT AN INDEPENDENT CHAIR.BARINGTON CAPITAL SAYS BELIEVE BLOOMIN' BRANDS SHOULD CONSIDER ADDING ONE OR MORE OF THE INDIVIDUALS RECOMMENDED BY JANA PARTNERS TO ITS BOARD.  Full Article

Bloomin' Brands Says On Nov 30 Co, Unit Entered Into Credit Agreement
Tuesday, 5 Dec 2017 04:55pm EST 

Dec 5 (Reuters) - Bloomin' Brands Inc ::BLOOMIN' BRANDS SAYS ON NOV 30 CO, UNIT ENTERED INTO CREDIT AGREEMENT PROVIDING FOR SENIOR SECURED FINANCING OF UP TO $1.5 BILLION - SEC FILING.BLOOMIN' BRANDS - BORROWINGS UNDER NEW FACILITY BEAR INTEREST AT RATES RANGING FROM 1.50% TO 2.00% OVER ADJUSTED LIBOR OR 0.50% TO 1.00% OVER ABR.BLOOMIN' BRANDS INC - SENIOR SECURED FINANCING CONSIST OF A $500.0 MILLION TERM LOAN A AND A $1.0 BILLION REVOLVING CREDIT FACILITY.BLOOMIN' BRANDS INC - NEW FACILITY REPLACES COMPANY'S PRIOR $1.322 BILLION CREDIT FACILITY.BLOOMIN' BRANDS INC - MATURITY DATE FOR NEW FACILITY IS NOVEMBER 30, 2022.BLOOMIN' BRANDS INC - REVOLVING CREDIT FACILITY PROVIDES SUB-LIMITS FOR SWING-LINE LOANS OF UP TO $50.0 MILLION AND LETTERS OF CREDIT OF UP TO $75.0 MILLION.  Full Article

Bloomin' Brands Inc responds to Jana Partners statement in 13D
Thursday, 23 Nov 2017 07:03am EST 

Nov 23 (Reuters) - Bloomin' Brands Inc :Confirmed that Jana Partners LLC has filed a schedule 13D with securities and exchange commission​.Board, management "‍will consider the perspectives" reflected in schedule 13d filed by Jana Partners LLC​.  Full Article

Bloomin' Brands says to consider "perspectives" in Jana Partners' SEC filing
Tuesday, 21 Nov 2017 11:38am EST 

Nov 21 (Reuters) - Bloomin' Brands Inc ::Confirmed that Jana Partners Llc has filed a schedule 13D with Securities and Exchange Commission​.Board, management "‍will consider the perspectives" reflected in schedule 13d filed by Jana Partners Llc​.  Full Article

Jana Partners reports a 8.74 percent stake in Bloomin' Brands as of Nov 10
Monday, 20 Nov 2017 03:15pm EST 

Nov 20 (Reuters) - Jana Partners :Jana Partners reports a 8.74 percent stake in Bloomin' Brands Inc as of November 10, 2017 - SEC filing‍​.Jana Partners LLC says acquired Bloomin' Brands Inc shares because believe the shares are undervalued.‍Jana Partners says intends to discussions with Bloomin' Brands board regarding a review of strategic alternatives including exploring a sale of co.Jana Partners says discussions with Bloomin' Brands board with regard to portfolio composition; capital allocation; board composition & governance‍​.  Full Article

Bloomin' Brands Q3 earnings per share $0.05
Friday, 3 Nov 2017 07:00am EDT 

Nov 3 (Reuters) - Bloomin' Brands Inc :Bloomin' Brands announces 2017 Q3 diluted EPS of $0.05 and adjusted diluted EPS of $0.12; posts comparable restaurant sales of 0.6 pct at outback with positive traffic; updates fiscal 2017 financial outlook.Q3 earnings per share $0.05.Q3 earnings per share view $0.15 -- Thomson Reuters I/B/E/S.‍combined negative impact of hurricanes Harvey and Irma was estimated to be 1.0% to comp sales and $0.04 to diluted EPS​.Bloomin' Brands Inc qtrly ‍adj earnings per share $0.12​.Bloomin' Brands Inc sees ‍2017 adjusted earnings per share $1.31 to $1.36​.Bloomin' Brands Inc sees ‍2017 earnings per share $1.09 to $1.14​.FY 2017 earnings per share view $1.40 -- Thomson Reuters I/B/E/S.Bloomin' Brands - ‍updated some 2017 outlook due to negative impact of hurricanes Harvey & Irma, higher commodity expenses than planned​.Bloomin' Brands - ‍"although comp sales across portfolio have improved in October, we remain cautious on future industry sales trends​".Bloomin' Brands - FY guidance for combined U.S. comp. Restaurant sales, CapEx, number of new system-side restaurants unchanged from prior outlook​.  Full Article

Bloomin' Brands Q2 adjusted earnings per share $0.28
Wednesday, 26 Jul 2017 07:00am EDT 

July 26 (Reuters) - Bloomin' Brands Inc ::Bloomin' Brands announces 2017 Q2 diluted eps of $0.35 and adjusted diluted eps of $0.28; reaffirms full year 2017 adjusted diluted eps and u.s. Comparable sales; and repurchases $233 million of common stock year-to-date.Q2 earnings per share $0.35.Q2 earnings per share view $0.28 -- Thomson Reuters I/B/E/S.Qtrly combined u.s. Comparable restaurant sales were down 0.3%.Q2 adjusted earnings per share $0.28.Bloomin' Brands Inc - reaffirming all aspects of full-year financial guidance.Qtrly total revenues $1,033.0 million versus $1,078.6 million.Q2 revenue view $1.04 billion -- Thomson Reuters I/B/E/S.  Full Article

Bloomin' Brands to sell and refranchise 45 outback steakhouses in four states
Friday, 28 Apr 2017 07:05am EDT 

April 28 (Reuters) - Bloomin' Brands Inc :Bloomin' Brands Inc - sale and refranchising of 45 outback steakhouses in Arizona, Colorado, Nevada and New Mexico.Bloomin' Brands, Inc refranchises 54 company-owned locations to longtime franchise partners.Bloomin' Brands Inc - sale and refranchising of 45 outback steakhouses to Cerca Trova Restaurant Concepts Inc and its affiliates.Bloomin' Brands - sale of eight outback restaurants and 1 Carrabba's Italian Grill in Montana, South Dakota, Utah & Wyoming to Evergreen Restaurant Group.  Full Article

BRIEF-Jana Partners Reports 6.4 Pct Stake In Bloomin' Brands As Of April 9

* JANA PARTNERS LLC REPORTS 6.4 PCT STAKE IN BLOOMIN' BRANDS INC AS OF APRIL 9 - SEC FILING