Recent Updates — BLMN

Bloomin' Brands, Inc. entered into a Fourth Amended and Restated Credit Agreement on September 25, 2026, extending the maturity of its $1.2 billion revolving credit facility to September 25, 2031. The transaction is leverage neutral with substantially unchanged lender commitments, interest rate elections, and spreads. A new financial covenant requires the Consolidated Senior Secured Net Leverage Ratio not to exceed 3.50 to 1.00, while the existing Total Net Leverage Ratio cap remains at 4.50 to 1.00. The facility is secured by substantially all assets of the borrowers and their domestic subsidiaries. Bloomin' Brands operates a portfolio of full-service dining restaurant concepts including Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar.

Bloomin' Brands reported Q2 2026 diluted EPS of $0.37, up from $0.29 in the prior year period, driven by a 1.3% increase in total revenues to $1,015.8 million and improved restaurant-level operating margins. The company raised its full-year diluted EPS guidance range to $0.85–$0.95 from $0.70–$0.85, citing progress on its turnaround strategy and higher comparable sales across its U.S. portfolio. Bloomin' Brands operates a portfolio of casual dining restaurant concepts including Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar.

Jessica Mitory resigned as Senior Vice President and Chief Human Resources Officer on June 26, 2026, with her departure effective August 17, 2026. The company stated the resignation was not due to any disagreement regarding operations, policies, or practices. Bloomin' Brands, Inc. operates in the restaurant industry and manages a portfolio of casual dining brands.