Bloomin' Brands, Inc. faces intense competition and margin pressure in casual dining, with EPS expected to decline again in 2026. BLMN's Q4 revenues rose slightly to $975.2M, but margins fell to 11.5%, and adjusted EPS declined to $1.14 for fiscal 2025. 2026 guidance is weak, with projected EPS of $0.75–$0.90, well below consensus, despite modest positive U.S. comps.