Bloomin' Brands (BLMN) Company Report

Bloomin' Brands reported a Q3 adjusted loss of $0.03 per share, exceeding expectations, with revenue around $911 million.
The company suspended its dividend and plans to reallocate free cash flow to strategic investments and debt reduction. It also announced the closure of 21 U.S. restaurants and non-renewal of leases for 22 more.
While all four restaurant brands posted positive comparable-store sales for the first time since Q1 2023, restaurant-level operating margin declined to 9.2% from 11.1% year-over-year due to higher costs.
Bloomin' Brands lowered its GAAP FY guidance to $0.75–$0.80, reiterated adjusted FY2025 guidance of $1.10–$1.15, and provided Q4 adjusted EPS guidance of $0.23–$0.28.

Nov 6, 2025, 11:53 PM

Morningstar

Bloomin' Brands Reports Q3 2025 Results and Announces Outback Turnaround Strategy

BLMN

Earnings

Guidance Update

New Projects/Investments

Bloomin' Brands reported Q3 2025 total revenues of $929 million and an adjusted diluted loss of $0.03 per share, which was above their guidance range.
U.S. comparable restaurant sales were up 120 basis points with traffic down 10 basis points in Q3 2025, marking the first quarter since Q1 2023 where all brands achieved positive comp sales growth.
The company raised its full-year 2025 guidance for U.S. comparable sales to be between flat to positive 50 basis points and adjusted diluted EPS to a range of $1.10 to $1.15.
A holistic turnaround strategy for Outback Steakhouse was announced, involving $75 million in investments from 2026-2028 (with $50 million in 2026), offset by $80 million in non-guest-facing productivity savings over the same period (with $30 million in 2026), aiming to refresh approximately 100% of Outbacks by 2028.

Nov 6, 2025, 2:00 PM

Transcript

Bloomin' Brands Reports Q3 2025 Results and Updates Guidance

BLMN

Earnings

Guidance Update

New Projects/Investments

Bloomin' Brands reported Q3 2025 total revenues of $929 million and an Adjusted Diluted Loss per Share of ($0.03), with U.S. comparable sales increasing by 1.2%.
The company updated its Full Year 2025 guidance, projecting U.S. Comparable Sales Growth between 0% and 0.5% and Adjusted Diluted EPS between $1.10 and $1.15.
For Q4 2025, guidance includes U.S. Comparable Sales Growth of 0.5% to 1.5% and Adjusted Diluted EPS of $0.23 to $0.28.
Bloomin' Brands completed the sale of 67% of its Brazil operations for $225 million USD, which is expected to reduce Lease Adjusted Net Leverage from 4.3x to 4.0x on a pro forma basis for Q3 2025.
The company is implementing a turnaround strategy for Outback Steakhouse, involving ~$75 million in investments over three years, largely offset by ~$80 million in non-guest facing productivity savings.

Nov 6, 2025, 2:00 PM

Presentation

Bloomin' Brands Announces Q3 2025 Results, Turnaround Strategy, and Dividend Suspension

BLMN

Earnings

Guidance Update

Dividends

Bloomin' Brands reported total revenues of $928.8 million for Q3 2025, with a diluted loss per share of $(0.54) and an adjusted diluted loss per share of $(0.03).
The company announced a turnaround strategy with a focus on the Outback Steakhouse brand, reallocating available free cash flow into strategic investments and debt paydown.
In support of its turnaround strategy, Bloomin' Brands has suspended its dividend and made the decision to close 21 U.S. restaurants and not renew the leases of an additional 22 U.S. restaurants.
U.S. comparable restaurant sales for Q3 2025 increased by 1.2%, with all four brands achieving positive comparable store sales growth for the first time since Q1 2023.
For fiscal year 2025, the company updated its outlook, projecting U.S. comparable restaurant sales of 0% to 0.5% and adjusted diluted earnings per share of $1.10 to $1.15.

Nov 6, 2025, 11:30 AM

8-K

Bloomin' Brands Reports Q2 2025 Results and Updates Full Year Guidance

BLMN

Earnings

Guidance Update

M&A

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.

Aug 6, 2025, 12:00 PM

Presentation

Bloomin' Brands Reports Q1 2025 Financial Results & Operational Turnaround Update

BLMN

Earnings

Guidance Update

Dividends

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 .

May 7, 2025, 12:31 PM

Transcript 8-K

Bloomin’ Brands 8-K Filing Highlights Executive Incentives and Shareholder Vote Outcomes

BLMN

Executive Compensation

Proxy Vote Outcomes

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.

Apr 23, 2025, 12:00 AM

8-K

Bloomin' Brands Reports Q4 2024 Results, Adjusts Dividend, and Provides 2025 Guidance

BLMN

Earnings

Guidance Update

Dividends

Bloomin' Brands reported Q4 2024 adjusted diluted earnings per share of $0.38, a decrease from $0.56 in 2023, with U.S. comparable restaurant sales down 110 basis points. The company underperformed the industry, losing 260 basis points on sales and 410 basis points on traffic.
The refranchising of Brazil operations closed on December 30, 2024, with the first installment of $104 million applied to the revolver balance, and a second installment of approximately $96 million is anticipated by the end of December 2025.
For the full year 2025, the company expects adjusted diluted earnings per share between $1.20 and $1.40 and U.S. comparable restaurant sales to be down 2% to flat.
The annual dividend has been adjusted to $0.60 per share from $0.96 per share, reflecting the reduced earnings following the Brazil transaction.
Strategic priorities include simplifying operations, enhancing the guest experience, and turning around Outback, which involves reducing menu items by 10%-20% and transitioning to an everyday value strategy. The company is also committed to reducing its lease-adjusted net leverage to below 3.0.

Feb 26, 2025, 1:30 PM

Transcript

Bloomin' Brands Reports Q4 2024 Results and Strategic Changes

BLMN

Earnings

Guidance Update

M&A

For Q4 2024, Bloomin' Brands reported total revenues of $1.1 billion, an 8% decrease from 2023, primarily due to the absence of a 53rd week. U.S. comparable restaurant sales were negative 110 basis points, and traffic was negative 510 basis points, underperforming the casual dining industry. GAAP diluted earnings per share (EPS) was -$0.93, while adjusted diluted EPS was $0.38.
The Brazil transaction closed on December 30, 2024, with the first installment of $104 million applied to the revolver balance. The company is committed to reducing its debt leverage to below a 3.0 lease-adjusted net leverage and has adjusted its annual dividend to $0.60 per share from $0.96 per share to align with post-Brazil earnings.
Management's strategic priorities for 2025 include simplifying the agenda, delivering a great guest experience, and turning around Outback Steakhouse. Key actions involve reducing menu items by 10%-20% across all brands, shifting from promotional LTOs to abundant everyday value, and investing in the quality and condition of existing assets. New unit development will slow significantly in 2026, with approximately 18-20 new U.S. restaurants planned for 2025.
For Q1 2025, the company expects U.S. comparable restaurant sales to be between negative 50 basis points and negative 150 basis points, and adjusted diluted EPS to be between $0.55 and $0.60, which includes an approximate $0.04 negative net impact from weather and holiday shifts.