# Bloomin' Brands Turnaround Progress

> Bloomin' Brands' turnaround shows strong financial gains and cost discipline despite recent stock underperformance.
- Title: Bloomin' Brands Turnaround Progress · Seekingalpha | Shortify
- Summary: Bloomin' Brands' turnaround shows strong financial gains and cost discipline despite recent stock underperformance. Bloomin' Brands improved net income to…
- Keywords: bloomin brands, outback steakhouse, carrabba's, net income, ebitda, debt reduction, turnaround, money, business, Bloomin', Brands, Progress
- Source: Seekingalpha — https://seekingalpha.com/article/4958716-bloomin-brands-turnaround-is-an-encouraging-work-in-progress
- Author: Daniel Jones
- Published: 2026-10-28T17:36:46+00:00
- Read time: 1 min
- Topics: bloomin brands, outback steakhouse, carrabba's, net income, ebitda, debt reduction, turnaround, money, business
## Financial Improvement
Bloomin' Brands reported net income of $89.8 million and EBITDA of $199.1 million in H1 2026.
## Debt Reduction
Management reduced net debt from $859.9 million to $636.2 million and achieved $30 million in productivity savings.
## Turnaround Momentum
Despite expected Q3 results decline, Bloomin' Brands' cost discipline supports continued optimism for its turnaround.
## Key takeaway

Bloomin' Brands improved net income to $89.8 million and EBITDA to $199.1 million in H1 2026, reducing debt by $223.7 million.