Bloomin' Brands drew 10 news stories in the 24 hours to 6 November, against a usual 0.3 a day. According to reports, third-quarter 2026 results showed a loss narrower than expected and revenues up year over year, with shares reportedly rising on the beat.
Source: SEC EDGAR XBRL company facts. Latest period shown: FY26 Q3.
View chart data
| Period | Revenue growth, TTM YoY | Operating margin (TTM) | FCF margin (TTM) |
|---|---|---|---|
| FY24 Q4 | -5.2% | 3.5% | 0.2% |
| FY25 Q1 | -4.5% | 3.2% | 0.4% |
| FY25 Q2 | -3.6% | 2.8% | 1.0% |
| FY25 Q3 | -2.4% | 1.7% | 2.5% |
| FY25 Q4 | 0.1% | 0.9% | 2.4% |
| FY26 Q1 | 0.9% | 1.0% | 3.0% |
| FY26 Q2 | 1.2% | 1.2% | 3.9% |
| FY26 Q3 | 1.1% | 2.6% | 3.0% |
Profit is lagging sales
Revenue over the twelve months to Q3 2026 was $4.0 billion, up 1.1% on the year before. Net income over the same period was $71.3 million, down 992.3%.
In our model, a free-cash-flow margin one point lower would cut the value by 49.7%, against 38.1% for growth five points lower. The valuation is more sensitive to margin than to growth, which is the binding constraint when margins sit where they do.
Operating cash flow was $292.1 million, up 5.4%, and capital spending was $170.7 million, or 4.3% of revenue. The free-cash-flow margin reached 3.0%, up 0.5 percentage points. Profit and cash are moving at different speeds.
Where Bloomin' Brands' figures sit in its own record
Today's free-cash-flow margin of 3.0% is higher than 40% of the company's own past quarterly readings, which have ranged from 0.2% to 9.3%. The operating margin of 2.6% is higher than only 15% of past readings, spanning −5.5% to 7.7%. Revenue growth of 1.1% is higher than 58% of past readings, spanning −23.4% to 35.7%.
The value hinges on margins more than growth
In our model, growth five percentage points lower would lower the value by 38.1%, and growth five percentage points higher would raise it by 50.0%. A free-cash-flow margin one percentage point lower would lower it by 49.7%.
What the filings cannot tell you at Bloomin' Brands
Our figures run to Q3 2026, from the company's own filings; they cannot confirm, explain or rule out anything in the reports. The net-income decline and the free-cash-flow increase are the two figures most directly relevant to the coverage, since reports centre on the earnings beat and the guidance.