Bloomin' Brands Inc. Stock Jumps 24.7% After Q2 Earnings Beat

Bloomin' Brands Inc. reported second-quarter 2026 financial results that outperformed Wall Street expectations, triggering a 24.7% increase in its stock price to $11.13. The company posted revenue of $1.02 billion, representing a 1.3% year-on-year increase.

Financial highlights include a non-GAAP profit of $0.39 per share, which surpassed consensus estimates by 35.1%. Same-store sales grew 2.3% year-on-year, indicating an acceleration in growth from previous quarters.

Looking forward, the company issued an optimistic full-year adjusted earnings per share guidance with a midpoint of $0.95, beating analyst estimates by 9.5%. Despite the financial gains, the total number of restaurant locations decreased to 1,448, down from 1,479 in the same quarter of the previous year.