Bloomin' Brands, Inc. is a leading casual dining restaurant company with a diverse portfolio of restaurant concepts. The company operates and franchises restaurants under well-known brands such as Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar. These restaurants offer a range of dining experiences from casual to fine dining, catering to a variety of customer preferences.
- U.S. Segment - Operates restaurants across the United States, including Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar, offering diverse dining experiences from casual to fine dining.
- International Segment - Manages franchised restaurants outside the United States in 12 countries, providing similar dining experiences as the U.S. segment.
- Other Revenues - Includes revenues from subsidiaries in Hong Kong and China, contributing to the company's international presence.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Michael L. Spanos ExecutiveBoard | CEO and Board Member | Non-executive director at Casey’s General Stores. | CEO since September 2024, previously EVP and COO at Delta Airlines, with extensive leadership experience in multi-unit businesses and customer-focused strategies. | |
Cathie Koch Executive | Group Vice President, Corporate Affairs | None | Group VP of Corporate Affairs, with responsibilities for communications and public affairs, confirmed in recent filings. | |
Kelly Lefferts Executive | EVP, Chief Legal Officer, and Secretary | None | Chief Legal Officer since July 2019, overseeing legal and compliance matters, with a long tenure at BLMN starting in 2008. | |
Lissette Gonzalez Executive | EVP and Chief Commercial Officer | None | Chief Commercial Officer since February 2025, previously EVP of Supply Chain and Operations Excellence, with a focus on strategic realignment and operational efficiency. | |
Mark Graff Executive | EVP, President of Bonefish Grill and Fine Dining | None | President of Bonefish Grill since November 2023, with a decade of experience at BLMN in finance and investor relations roles. | |
Pat Hafner Executive | EVP, President of Outback Steakhouse | None | President of Outback Steakhouse since January 2025, with a long career at BLMN starting as a server and advancing through operational leadership roles. | |
Philip Pace Executive | SVP, Chief Accounting Officer | None | Chief Accounting Officer since July 2022, with prior roles as Group VP and Controller at BLMN. | |
Tara Kurian Executive | VP, Corporate Finance and Investor Relations | None | VP of Corporate Finance and Investor Relations, confirmed in recent filings, with no additional details provided in the documents. | |
W. Michael Healy Executive | EVP and CFO | None | CFO since April 2024, with over 15 years at BLMN in various leadership roles, including President of Bonefish Grill and SVP of Global Supply Chain. | |
David George Board | Independent Director | National Trustee for Boys & Girls Clubs of America. | Director since 2024, with over 30 years in the restaurant industry, including leadership roles at Darden Restaurants. | |
James L. Dinkins Board | Independent Director | CEO of The Honey Baked Ham Company; Director at Monster Beverage Co.. | Director since February 2025, with a 40-year career in consumer goods and foodservice, including leadership roles at Coca-Cola. | |
John J. Mahoney Board | Independent Director, Chair of Audit Committee | Chairman of the Board at Burlington Stores; Director at Chico’s FAS. | Director since May 2012, with extensive financial expertise as former CFO and Vice Chairman at Staples, Inc.. | |
Jonathan Sagal Board | Independent Director | Partner at Starboard Value LP; Board Member at Microlumbia Impact Fund. | Director since January 2024, with expertise in corporate governance and operational improvements, including prior investments in Darden Restaurants and Papa John’s. | |
Julie Kunkel Board | Independent Director | None | Director since 2022, with nearly 40 years of experience at Ernst & Young LLP, specializing in finance, accounting, and risk management. | |
Lawrence Jackson Board | Independent Director | Senior Advisor at New Mountain Capital; Board Member at John Bean Technologies Corporation and Assurant, Inc.. | Director since 2020, with expertise in executive leadership, consumer and retail sectors, and supply chain management. | |
Melanie Marein-Efron Board | Independent Director | CFO at Urban Outfitters. | Director since August 2022, with over 27 years of experience in finance and leadership roles at Urban Outfitters, Campbell Soup, and Godiva Chocolatier. | |
R. Michael Mohan Board | Chairman of the Board | Interim CEO at Petco Health and Wellness Company; Non-executive director at Vizio Holding Corp.. | Chairman since August 2023, with extensive retail experience as former COO and President at Best Buy. | |
Rohit Lal Board | Independent Director | EVP and CIO at Saia, Inc.. | Director since August 2023, with expertise in digital transformation, supply chain logistics, and cybersecurity. | |
Tara Walpert Levy Board | Independent Director | VP, Americas at YouTube; Board Member at Braze, Inc.. | Director since July 2013, with expertise in digital media, marketing, and technology, and leadership roles at Google and YouTube. |
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Given your plan to remodel approximately 50% of your stores over the next two to three years, primarily focusing on Outback, can you provide more detail on the expected capital expenditure per store and the anticipated return on investment in terms of sales lift or traffic growth?
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You mentioned a goal to reduce G&A expenses to 5% of sales, currently at about 5.5% to 5.8% this year. What specific steps are you taking to achieve this reduction, and is it realistic to rely mainly on revenue growth, or will further cost-cutting measures be necessary?
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With consumers showing check management behaviors, especially among households under $100,000 income, resulting in lower attachment rates for appetizers, beverages, and desserts, how do you plan to address this trend and encourage higher guest spending without compromising value perception?
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Considering the expectation of mid-single-digit inflation in beef costs and overall commodity inflation of 2.5% to 3.5%, how do you intend to mitigate these cost pressures while maintaining margins and not passing excessive costs onto consumers, especially as you emphasize value?
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As you implement a 10% to 15% menu reduction to simplify operations, how are you ensuring this doesn't negatively impact guest satisfaction and traffic, and what measures are you taking at the store level in terms of labor, marketing, and technology to support both simplification and growth objectives?
Research analysts who have asked questions during Bloomin' Brands earnings calls.
Brian Mullan
Piper Sandler
4 questions for BLMN
John Ivankoe
JPMorgan Chase & Co.
4 questions for BLMN
Alexander Slagle
Jefferies
3 questions for BLMN
Brian Harbour
Morgan Stanley
3 questions for BLMN
Brian Vaccaro
Raymond James Financial, Inc.
3 questions for BLMN
Sara Senatore
Bank of America
3 questions for BLMN
Andrew Strelzik
BMO Capital Markets
2 questions for BLMN
Dennis Geiger
UBS
2 questions for BLMN
Jeffrey Bernstein
Barclays
2 questions for BLMN
Jeffrey Farmer
Gordon Haskett Research Advisors
2 questions for BLMN
Jon Tower
Citigroup
2 questions for BLMN
Alex Slagle
Jefferies
1 question for BLMN
Christine Cho
Goldman Sachs Group
1 question for BLMN
Christine Koh
Goldman Sachs
1 question for BLMN
Jared Hludzinski
BMO Capital Markets
1 question for BLMN
Jeff Bernstein
Barclays
1 question for BLMN
Jeff farmer
Gordon Haskett Research Advisors
1 question for BLMN
Lauren Silberman
Deutsche Bank
1 question for BLMN
Sarah Senatore
Bank of America
1 question for BLMN
Teddy Farley
Goldman Sachs
1 question for BLMN
Recent press releases and 8-K filings for BLMN.
- Bloomin' Brands reported Q2 2025 total revenues of $1,002 million and Adjusted Diluted Earnings per Share of $0.32, compared to $999 million and $0.45 respectively in Q2 2024.
- The company's Adjusted EBITDA for Q2 2025 was $77 million, with a 7.7% margin, down from $102 million and a 10.2% margin in Q2 2024.
- Bloomin' Brands completed the sale of 67% of its Brazil operations for $225 million USD, with proceeds intended to contribute to achieving a target 3.0x Lease Adjusted Leverage Ratio.
- For Full Year 2025, the company updated its guidance, expecting Adjusted Diluted EPS between $1.00 and $1.10 and U.S. Comparable Sales Growth between (2%) and 0%.
- For Q3 2025, the company anticipates Adjusted Diluted EPS between ($0.15) and ($0.10) and U.S. Comparable Sales Growth between (1%) and Flat.
- Financial performance: Bloomin’ Brands reported Q1 2025 results with total revenues of approximately $1.05 billion, GAAP EPS of $0.50 and adjusted EPS of $0.59, reflecting a notable turnaround .
- Operating margins: The quarter delivered an adjusted operating margin of 6.1% (down from 7.8% last year) alongside a GAAP operating margin of 5.5%, impacted by restaurant closures and restructuring initiatives .
- Operational turnaround: Initiatives include streamlining operations, menu simplification at Outback and other brands, testing the Aussie 3 Course, and achieving approximately $10 million in lower G&A expenses .
- Guidance update: Full-year guidance has been revised to the low end of the adjusted EPS range due to the elimination of a $15 million annual Brazil tax benefit and a challenging macro environment; Q2 expectations forecast weaker U.S. comparable sales coupled with a declared dividend of $0.15 per share .
- CEO remarks: Comments emphasized operational progress and a commitment to balancing long-term turnaround priorities amid a volatile market environment .
- Bloomin’ Brands, Inc. filed its 8-K report on April 23, 2025, detailing several corporate actions and incentive compensation agreements, including performance awards and restricted cash awards for senior officers.
- The filing outlines key terms of the 2025 Omnibus Incentive Compensation Plan, covering vesting conditions, performance criteria, and provisions for accelerated vesting upon a change in control.
- At the 2025 Annual Meeting, stockholders represented 90.72% of the outstanding shares, approving director nominations, ratifying the audit firm, and voting on other advisory compensation matters.