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Bloomin' Brands Inc. BLMN

SEC filings · Reporting currency USD · Quarterly reporting · Figures as of 2026-Q2 · updated 2026-09-06 · ISIN US0942351083
Margin expanding Guidance raised
The new quarter, monitored by AI. · We follow every stock through its original filings: the latest figures against their history, guidance against actuals; neutral, continuously updated, every figure clickable with its source.
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Not investment adviceNeutral financial information, no recommendation, no investment research within the meaning of MiFID II.
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Business Model#

What the company does and how it earns its money; written AI-editorially, exclusively from the company's original reports, without any assessment of our own.

Bloomin' Brands, Inc. is a casual dining restaurant company that owns and operates a portfolio of brands including Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar. The company generates revenue primarily through company-owned restaurant operations, with a smaller contribution from franchise royalties and fees at franchised locations in the United States and select international markets. Revenue is driven by dine-in traffic volumes, average check per person, and comparable restaurant sales performance across the brand portfolio, with profitability sensitive to food costs, labor rates, and restaurant-level operating leverage.

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Current Status#

Summary of the most recent reporting period: core figures, drivers and management statements; written editorially from the current original report, every figure backed by a source number.

Total revenues increased 1.3% to $1,015.8 million in Q2 2026 from $1,002.4 million in Q2 2025, primarily driven by higher comparable restaurant sales 29. U.S. combined comparable restaurant sales rose 2.3% for the thirteen weeks ended June 28, 2026, reversing a decline of 0.1% in the prior year period 30. Diluted EPS was $0.36 and adjusted diluted EPS was $0.39, with GAAP operating income margin improving to 3.8% from 3.0% in Q2 2025 129 29. Full-year 2026 diluted EPS guidance was raised to $0.85 to $0.95 from a prior range of $0.70 to $0.85, and adjusted diluted EPS guidance was raised to $0.90 to $1.00 from $0.75 to $0.90 29.
Management commentary on the 2026-Q2 results (8-K-EX99.1, 2026-08-05):
„I am pleased with our financial results in the second quarter and our continued progress on the Outback Turnaround, which has led us to raise our full year earnings guidance. We remain focused on consistency of execution across food, service, experience, and affordability to deliver a great guest experience.“ – Mike Spanos, Chief Executive Officer 29
Revenue · 2026-Q21,016$m+1.3 % vs. 2025-Q2
Net profit · 2026-Q231$m+23.2 % vs. 2025-Q2
EPS · 2026-Q20.36$+20.0 % vs. 2025-Q2
Revenue trend
Guidance
For FY2026, the company guides EPS (GAAP) to $0.85 to $0.95 (raised); EPS (non-GAAP) to $0.90 to $1.00 (raised); U.S. comparable restaurant sales to 1.0% to 2.0% (confirmed). 29.
Profitability
Operating income was $38.3 million in Q2 2026, up from $29.7 million in the prior year period, with adjusted operating income margin improving to 4.0% from 3.5% 29 30. Net income was $31.3 million, yielding diluted EPS of $0.36 and adjusted diluted EPS of $0.39 129. Free cash flow was $46.9 million, derived from operating cash flow of $90.9 million less capital expenditures of $44.0 million; restaurant-level operating margin improved to 12.4% from 12.0%, driven by higher average check per person and productivity initiatives 129 29.
Leverage
Cash on hand was $66.6 million and net debt stood at $636.2 million as of Q2 2026 129. The company's credit facilities contain restrictive covenants that constrain its ability to raise additional capital, make capital expenditures, and respond to economic changes 30. No LTM EBITDA figure is disclosed in the available inputs; the net debt position implies a meaningfully leveraged balance sheet relative to the quarterly earnings run rate 129.
Management view
The Outback Turnaround strategy, announced in November 2025, continued to advance in Q2 2026 across four platforms: delivering a remarkable dine-in experience, driving brand relevancy, reigniting a culture of ownership and fun, and investing in restaurants 30. Full-year 2026 U.S. comparable restaurant sales guidance was narrowed to 1.0% to 2.0% from a prior range of 0.5% to 2.5%, reflecting greater confidence in near-term trends 29. Raised full-year guidance signals management's expectation that margin improvement and comparable sales momentum will persist through the remainder of 2026 29.
Change
System-wide total restaurants decreased from 1,479 as of June 29, 2025 to 1,448 as of June 28, 2026, reflecting 38 closures and 24 new openings during the period 30. Accelerated depreciation costs were incurred in Q2 2026 in connection with equipment upgrades undertaken as part of the Outback Turnaround strategy 29. Q3 2026 guidance calls for a diluted EPS loss of ($0.28) to ($0.23) and an adjusted diluted EPS loss of ($0.27) to ($0.22), with U.S. comparable restaurant sales expected in the range of 1.0% to 2.0% 29.
Risks (current)
Bloomin' Brands purchases approximately 80% of its beef from four suppliers, creating significant supply concentration exposure that could affect food costs and operations 25. Labor costs increased 1.3% due to wage rate inflation, directly pressuring operating margins, while restrictive covenants in credit facilities limit the company's financial flexibility to raise capital or make additional capital expenditures 25 30. The company faces litigation exposure related to foodborne illness, food safety, premises liability, discrimination, and wage violations – including joint employer risk from franchisees – and carries significant goodwill and intangible assets subject to impairment risk if fair value assumptions deteriorate 25.
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Price & Chart#

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Share-Price Drivers#

Factors the company itself names as material for its business development (IR-based); reproduced neutrally, no price forecast and no assessment of our own.

Outback Steakhouse turnaround and margin recovery
After a 2025-Q3/Q4 trough with operating losses (2025-Q3 operating income -36.4, net income -45.9 124; 2025-Q4 operating income -13.3 129), profitability recovered into 2026 (2026-Q1 operating income 59.1, adj EPS 0.67 127; 2026-Q2 operating income 38.3, adj EPS 0.39 129), coinciding with a turnaround strategy featuring targeted investments in steak quality at Outback launched November 2025 26
Outback turnaround strategy (steak quality investments)
Turnaround strategy with targeted investments in steak quality at Outback launched November 2025 26, alongside new formats such as the Joey design Outback Steakhouse and the Aussie Three Course menu offering 25
U.S. segment (core revenue base)
U.S. is the dominant segment at 1,032.2 revenue with 8.4 margin in 2026-Q1 28, versus a small International Franchise segment of 7.6 28; group revenue 2026-Q2 1,015.8 129
Brazil re-franchising / asset-light International shift
Strategic re-franchise and Brazil Sale Transaction to franchisees (closed from 2024-12-30) shifted International to a franchise model 28 16 25, with a second installment noted for 2025-12-30 20
Portfolio pruning (restaurant closures)
2025 Restaurant Closures in October 2025 24 followed the 2023 Closure Initiative and closures of 36 U.S. restaurants and Hong Kong locations 12 14 16
Capital allocation (dividend and buybacks)
Dividend suspension in October 2025 23 followed prior quarterly cash dividends 21 and share repurchase programs including a $350 million authorization 9 and an Accelerated Share Repurchase Agreement 11; net debt eased from 895.8 in 2025-Q3 to 636.2 in 2026-Q2 124 129
Cost structure / workforce actions
Workforce reduction announced 2025-02-20 18; restaurant remodeling and equipment upgrades planned in 2026-Q1 28

Sector trend: Casual-dining KPIs swung from margin compression and operating losses in 2025-Q3/Q4 (operating income -36.4 then -13.3 124 129) back toward positive operating margins in 2026 (2026-Q1 operating income 59.1 127), with revenue re-accelerating quarter over quarter and change flags reading growth accelerating and profitability improving. Demand and utilisation appear to be stabilising as the U.S. base holds near 1.0 billion in quarterly revenue 28 129.

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Event Timeline#

This timeline collects the material events from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements. Events are grouped by quarter (most recent first); the grey tag before each event names the event type, the date is the publication date of the source. Management quotes open the quarter block as direct quotes. Per quarter we show the three most defining events; more can be expanded per quarter, older years are collapsed. Every event carries its source as a superscript, clickable number.

Overview: one dot per event · click jumps to the period
earningsrevenuemarginguidancestrategy2023-Q12023-Q22023-Q32023-Q42024-Q12024-Q22024-Q32024-Q4FY20242025-Q12025-Q22025-Q32025-Q4FY20252026-Q12026-Q2
2026 · 8 events

2026-Q2 · Apr – Jun 2026

„I am pleased with our financial results in the second quarter and our continued progress on the Outback Turnaround, which has led us to raise our full year earnings guidance. We remain focused on consistency of execution across food, service, experience, and affordability to deliver a great guest experience.“ – Mike Spanos, Chief Executive Officer 29
revenue 2026-08-05
Total revenues increased 1.3% to $1,015.8M; U.S. combined comparable restaurant sales of 2.3% vs. (0.1)% in prior year period 29
Margin expanding 2026-08-05
GAAP operating income margin improved to 3.8% from 3.0%; restaurant-level operating margin improved to 12.4% from 12.0%, driven by higher average check per person and productivity initiatives 29
Guidance raised 2026-08-05
Full-year 2026 diluted EPS guidance raised to $0.85–$0.95 from prior $0.70–$0.85; adjusted diluted EPS guidance raised to $0.90–$1.00 from prior $0.75–$0.90 29

2026-Q1 · Jan – Mar 2026

„We are pleased with our results in the first quarter as they reflect our focus on consistency of execution and delivering a great guest experience. Outback brand scores continue to improve, highlighting our craveable steaks and food quality. We are making progress on our turnaround and remain committed to driving long-term, sustainable, and profitable growth for Bloomin' Brands.“ – Mike Spanos, Chief Executive Officer 27
Revenue accelerating 2026-05-06
Total revenues increased 1.0% to $1,059.7M; U.S. comparable restaurant sales +0.9% vs. decline of 0.5% in Q1 2025 27
Margin expanding 2026-05-06
Restaurant-level operating margin improved to 14.0% from 13.9%, driven by pricing and cost-saving initiatives, partially offset by higher commodity, operating, and labor costs 27
Guidance confirmed 2026-05-06
Full-year fiscal 2026 financial guidance reaffirmed as previously communicated in February 2026 27
Operating income turned positive 2026-05-06
Operating income turned positive for the first time after 2 negative periods (-13.3 to +59.1 USDm). 27
Net income turned positive 2026-05-06
Net income turned positive for the first time after 2 negative periods (-13.5 to +55.7 USDm). 27
2025 · 13 events

FY2025 · Jan – Dec 2025

Net income turned positive 2026-02-25
Net income turned positive for the first time after 1 negative fiscal year (-128.0 to +8.2 USDm). 25
Operating income halved 2026-02-25
Operating income more than halved YoY (139.8 to 37.2 USDm, -73%). 25

2025-Q4 · Oct – Dec 2025

„Our fourth quarter results reflect our continued focus on disciplined execution and food quality to deliver a consistently great guest experience. Through these efforts, Outback achieved its first quarter of positive traffic since Q4 2021. We launched our turnaround strategy in November with targeted investments in steak quality at Outback. Over the course of this year, we expect to make additional strategic investments as we look to drive long-term, sustainable, and profitable growth.“ – Mike Spanos, CEO 26
earnings 2026-02-25
Goodwill impairment of $28.2M recorded for Bonefish Grill reporting unit in Q4 2025 due to sustained decline in stock price and recent decline in margins 25
Strategic pivot 2026-02-25
Outback Steakhouse achieved its first quarter of positive traffic since Q4 2021 following turnaround strategy launch in November 2025 with targeted investments in steak quality 26

2025-Q3 · Jul – Sep 2025

„We have great momentum in our business as demonstrated by our third quarter results. All four brands drove positive comparable store sales growth for the first time since Q1 2023. Our teams continue to focus on consistency of execution in food quality and the guest experience, the foundation for our turnaround.“ – Mike Spanos, CEO 24
Revenue accelerating 2025-11-06
All four brands achieved positive comparable store sales growth in Q3 2025 for the first time since Q1 2023; U.S. combined comparable restaurant sales increased 1.2% 24
Margin compressing 2025-11-06
Restaurant-level operating margin decreased to 9.2% from 11.1% in Q3 2024 reflecting commodity inflation of 1.6%, higher labor costs from wage rate inflation, and increased operating expenses; asset impairments and net closure charges totaled $33.2M 23 24
Strategic pivot 2025-11-06
Comprehensive turnaround strategy announced focused on Outback Steakhouse across four platforms: delivering dine-in experience, driving brand relevancy, reinforcing ownership culture, and investing in restaurant refreshes 24

2025-Q2 · Apr – Jun 2025

„We are making progress to build a high capability team that is guest centric with an operational mindset. Our restaurant teams are focused on consistency of execution, and we remain committed to turning around Outback to deliver sustainable and profitable growth.“ – Mike Spanos, CEO 21
Revenue decelerating 2025-08-07
Combined U.S. traffic declined 2.0% year-over-year; Bonefish Grill experienced particularly sharp declines of 11.4% 22
Margin compressing 2025-08-07
Restaurant-level operating margin decreased to 12.0% from 14.0% in Q2 2024, primarily due to commodity inflation, labor cost increases, higher insurance expense, and unfavorable product cost mix 22
Adjusted result turned negative 2025-08-06
Adjusted diluted EPS decreased to $0.32 from $0.45 in Q2 2024 as higher costs offset pricing increases 21

2025-Q1 · Jan – Mar 2025

„We continue to make progress on our operating priorities to simplify the business and consistently deliver a great guest experience while balancing our longer-term priorities to turnaround Outback and drive sustainable sales and profit growth. We are navigating a choppy macro environment and are leaning in to our abundant everyday value offerings. This is reflected in our current guidance.“ – Mike Spanos, CEO 19
Margin compressing 2025-05-08
Restaurant-level operating margin declined to 13.9% from 15.4% in Q1 2024, driven by unfavorable product cost mix, commodity inflation, and higher labor costs 20
Revenue decelerating 2025-05-07
Total revenues decreased 1.8% to $1,049.6M; company-owned comparable restaurant sales declined 1.3%, extending the 1.2% decline from Q1 2024 19
Guidance confirmed 2025-05-07
Fiscal 2025 full-year financial guidance reaffirmed as previously communicated in February 2025 19
2024 · 19 events

FY2024 · Jan – Dec 2024

Operating income halved 2025-02-26
Operating income more than halved YoY (282.8 to 139.8 USDm, -51%). 17

2024-Q4 · Oct – Dec 2024

„In my first six months, I have become even more confident that we have iconic brands with a strong right to succeed in on-trend, large scale categories. I am also aware that our current results are not what we expect and are not representative of our potential. We are making changes to address our near-term execution as well as drive sustainable sales and profit growth. Our guidance for the first quarter and full year is reflective of where we are and our go-forward short term performance.“ – Mike Spanos, CEO 18
Net income turned negative 2025-02-26
Q4 2024 diluted EPS of $(0.93) compared to $0.45 in Q4 2023; adjusted diluted EPS of $0.38 versus $0.71 in the prior year 18
Revenue decelerating 2025-02-26
Total revenues from continuing operations decreased 9.3% to $972.0 million, with Brazil reclassified as discontinued operations; U.S. comparable restaurant sales declined 1.8% and net restaurant closures added to the decline 18
Divestiture 2025-02-26
Sale of 67% of Brazil operations completed December 30, 2024; 192 restaurants converted to unconsolidated franchisees, with Bloomin' Brands retaining a 33% indirect interest 18
Operating income halved 2025-02-26
Operating income more than halved YoY (49.6 to 16.2 USDm, -67%). 17

2024-Q3 · Jul – Sep 2024

„I am excited to announce our Brazil franchise partnership with Vinci Partners. I am confident that our scale and brand leadership in Brazil, combined with Vinci's local expertise, will maximize future growth potential.“ – Mike Spanos, CEO 16
Margin compressing 2024-11-08
Restaurant-level operating margin declined to 12.5% from 13.8%, driven by lower restaurant sales and higher labor, operating, and commodity costs from inflation 15
Guidance cut 2024-11-08
Full-year 2024 adjusted diluted EPS guidance cut to $1.72-$1.82 from prior $2.10-$2.30, with U.S. comparable restaurant sales expected to decline (1.0%) to (0.5%) 16
Divestiture 2024-11-08
Agreement announced to sell 67% stake in Brazil operations to Vinci Partners for R$1.4 billion (approximately $243 million USD) at 6.5x trailing twelve months EBITDA, with Bloomin' Brands retaining 33% indirect interest 16
Operating income halved 2024-11-08
Operating income more than halved YoY (47.3 to 8.6 USDm, -82%). 15
Net income halved 2024-11-08
Net income more than halved YoY (44.5 to 6.9 USDm, -84%). 15

2024-Q2 · Apr – Jun 2024

„In the second quarter, the casual dining industry was softer than anticipated. While our comparable sales growth outpaced the industry in Q2, we did not meet our expectations. We are very focused on developing a path to sustainable growth at Outback and are making progress in improving the guest experience, providing meaningful value, and enhancing customer and digital capabilities. Our full year guidance has been updated to reflect current industry trends and our teams remain focused on delivering long-term sustainable growth.“ – David Deno, CEO 13
Net income halved 2024-08-07
Net income more than halved YoY (68.3 to 28.4 USDm, -58%). 14
Revenue decelerating 2024-08-06
Total revenues decreased 2.9%, with U.S. combined comparable restaurant sales at (0.1)%, pressured by the lapse of prior-year Brazil VAT exemptions and net restaurant closures 13
Margin compressing 2024-08-06
Restaurant-level operating margin compressed to 14.3% from 16.4%, driven by lower sales, labor inflation, higher commodity costs, unfavorable product mix, and higher advertising expense 13
Guidance cut 2024-08-06
Full-year 2024 adjusted diluted EPS guidance cut to $2.10-$2.30 from $2.51-$2.66; U.S. comparable restaurant sales guidance revised to down 1% to flat from flat to +2% 13

2024-Q1 · Jan – Mar 2024

„The first quarter was a solid start to the year, as sales and profit met our expectations. After a slower start, sales trends strengthened throughout the quarter. Our sales performance is well ahead of the casual dining industry as our marketing and operations initiatives are paying off, especially at Outback.“ – David Deno, CEO 11
Revenue decelerating 2024-05-07
Total revenues declined 4.0%, driven by lower comparable restaurant sales, net impact of closures and openings, and the lapse of prior-year Brazil VAT exemptions 11
Margin compressing 2024-05-07
Restaurant-level operating margin declined to 16.0% from 17.9%, driven by lower comparable sales, wage rate inflation, higher commodity costs, and increased advertising expense 11
Strategic pivot 2024-05-07
Board announced strategic review of Brazil operations to evaluate alternatives including a possible sale, retaining BofA Securities as financial advisor 11
Revenue decelerating 2024-02-28
U.S. combined comparable restaurant sales increased 1.4% in FY2023, decelerating from 4.0% in 2022, driven by increased menu pricing offset by traffic decline 10
Margin expanding 2024-02-28
Full-year restaurant-level operating margin improved to 16.2% from 15.6% in 2022, benefiting from higher average check per person and cost savings initiatives 10
2023 · 12 events

2023-Q4 · Oct – Dec 2023

„The fourth quarter was a good finish to 2023, especially the holiday season. As we head into 2024, we remain focused on elevating the guest experience that in turn will drive sales and profit growth at Outback Steakhouse and all of our brands.“ – David Deno, CEO 9
Margin compressing 2024-02-23
Adjusted operating income margin declined 70 basis points to 7.5% from 8.2% in Q4 2022 9
Guidance initiated 2024-02-23
2024 guidance initiated: adjusted diluted EPS of $2.51-$2.66; U.S. comparable restaurant sales flat to +2% 9
Strategic pivot 2024-02-23
2023 Closure Initiative: 36 underperforming restaurants and 5 Aussie Grill locations closed with $32.3 million in asset impairments and closure charges in Q4 2023; completion expected in Q1 2024 with $8-11 million in additional charges 9

2023-Q3 · Jul – Sep 2023

„We saw strong earnings per share growth in the quarter. We remain focused on driving traffic and maintaining margins as we navigate the near-term sales environment. We are confident that the investments we made in food, service and technology will elevate the guest experience and lead to sustainable, long-term sales and profit growth.“ – David Deno, Chief Executive Officer 8
Revenue decelerating 2023-11-03
U.S. comparable restaurant sales declined 0.5%, with Outback Steakhouse down 1.1%; international comparable restaurant sales increased 4.1%, driven by Brazil operations 7
Margin expanding 2023-11-03
Restaurant-level operating margin improved to 13.8% from 13.1%, driven by increased average check, cost savings, and Brazil tax benefits, partially offset by labor and commodity inflation 8
Guidance cut 2023-11-03
FY2023 U.S. comparable restaurant sales guidance narrowed to 1.5-2% from 2-4%; GAAP EPS guidance reduced to $2.70-$2.79 from $2.80-$2.89; adjusted EPS guidance reduced to $2.80-$2.90 from $2.91-$3.00 8

2023-Q2 · Apr – Jun 2023

„We delivered another strong quarter of results that continues to highlight the benefits of our portfolio. Earnings for the quarter were above expectations and revenues were in line. Our results reflect the investments we are making to elevate the customer experience as well as the ongoing execution of our growth strategy. We remain well positioned to deliver on our long-term goals of growing sustainable sales and profits while maximizing total shareholder return.“ – David Deno, Chief Executive Officer 6
earnings 2023-08-01
GAAP diluted EPS of $0.70 reversed from a prior-year loss of $(0.72) in Q2 2022; adjusted diluted EPS improved to $0.74 from $0.68 6
Revenue decelerating 2023-08-01
U.S. combined comparable restaurant sales slowed to +0.8% from +5.1% in Q1, with Outback Steakhouse at +0.6%; total revenues grew 2.4%, primarily driven by menu pricing and new restaurant openings 5
Margin expanding 2023-08-01
Restaurant-level operating margin improved 90 basis points to 16.4% from 15.5% in Q2 2022, benefiting from comparable sales leverage, cost savings, and Brazil tax exemptions, partially offset by labor and commodity inflation 6

2023-Q1 · Jan – Mar 2023

„The first quarter was a strong start to the year, and I am pleased with the progress of all our brands. Our Q1 results reflected the work we are doing to elevate the customer experience and drive healthy top-line growth. These efforts have resulted in enhanced sales and profits, which set us up well to achieve our 2023 goals.“ – David Deno, CEO 3
revenue 2023-04-28
Total revenues increased 9.1% to $1,244.7 million; U.S. combined comparable restaurant sales increased 5.1%, primarily driven by menu pricing increases 3
Margin expanding 2023-04-28
Restaurant-level operating margin improved to 17.9% from 17.1% in Q1 2022 3
Guidance confirmed 2023-04-28
Company reaffirmed all aspects of full-year fiscal 2023 guidance 3
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Key Figures ($m)#

The company's core financial figures in three views, one below the other: fiscal years (as reported; after restatements the table shows the most recent filing version, marked), half-years (6-month basis, H2 = second half on its own) and quarters (3-month basis, not cumulative). Each row is one period, most recent first. Values with a dotted underline are clickable and show the raw value, the exact source location, the scale evidence and the source; derived values additionally show their formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.

All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.

Revenue ($m) · annual basis, as reported
FY2023FY2023: 4,1684,168FY2024FY2024: 3,9503,950FY2025FY2025: 3,9563,956
Net income ($m) · annual basis, as reported
FY2023FY2023: 247247FY2024FY2024: -128-128FY2025FY2025: 88
EPS ($) · annual basis, as reported
FY2023FY2023: 2.562.56FY2024FY2024: -1.49-1.49FY2025FY2025: 0.100.10
Operating cash flow ($m) · annual basis, as reported
FY2023FY2023: 532532FY2024FY2024: 228228FY2025FY2025: 277277
Revenue ($m) · quarterly basis, as reported
2024-Q32024-Q3: 9109102024-Q42024-Q4: 9729722025-Q12025-Q1: 1,0501,0502025-Q22025-Q2: 1,0021,0022025-Q32025-Q3: 9299292025-Q42025-Q4: 9759752026-Q12026-Q1: 1,0601,0602026-Q22026-Q2: 1,0161,016
Net income ($m) · quarterly basis, as reported
2024-Q32024-Q3: 772024-Q42024-Q4: -80-802025-Q12025-Q1: 42422025-Q22025-Q2: 25252025-Q32025-Q3: -46-462025-Q42025-Q4: -14-142026-Q12026-Q1: 56562026-Q22026-Q2: 3131
EPS ($) · quarterly basis, as reported
2024-Q32024-Q3: 0.080.082024-Q42024-Q4: -0.92-0.922025-Q12025-Q1: 0.500.502025-Q22025-Q2: 0.300.302025-Q32025-Q3: -0.54-0.542025-Q42025-Q4: -0.16-0.162026-Q12026-Q1: 0.650.652026-Q22026-Q2: 0.360.36
Operating cash flow ($m) · quarterly basis, as reported
2024-Q32024-Q3: -8-82024-Q42024-Q4: 1201202025-Q12025-Q1: 74742025-Q22025-Q2: 50502025-Q32025-Q3: 34342025-Q42025-Q4: 1191192026-Q12026-Q1: 75752026-Q22026-Q2: 9191
Cash ($m) · annual basis, as reported
FY2023FY2023: 112112FY2024FY2024: 7070FY2025FY2025: 6060
Debt ($m) · annual basis, as reported
FY2023FY2023: 781781FY2024FY2024: 1,0271,027FY2025FY2025: 787787
Net Debt ($m) · annual basis, as reported
FY2023FY2023: 669669FY2024FY2024: 957957FY2025FY2025: 728728
Capex ($m) · annual basis, as reported
FY2023FY2023: 282282FY2024FY2024: 221221FY2025FY2025: 180180
FCF ($m) · annual basis, as reported
FY2023FY2023: 250250FY2024FY2024: 77FY2025FY2025: 9797
D&A ($m) · annual basis, as reported
FY2023FY2023: 169169FY2024FY2024: 176176FY2025FY2025: 178178
Cash ($m) · quarterly basis, as reported
2024-Q32024-Q3: 84842024-Q42024-Q4: 70702025-Q12025-Q1: 58582025-Q22025-Q2: 50502025-Q32025-Q3: 66662025-Q42025-Q4: 60602026-Q12026-Q1: 71712026-Q22026-Q2: 6767
Debt ($m) · quarterly basis, as reported
2024-Q32024-Q3: 1,0921,0922024-Q42024-Q4: 1,0271,0272025-Q12025-Q1: 9189182025-Q22025-Q2: 9179172025-Q32025-Q3: 9629622025-Q42025-Q4: 7877872026-Q12026-Q1: 7537532026-Q22026-Q2: 703703
Net Debt ($m) · quarterly basis, as reported
2024-Q32024-Q3: 1,0091,0092024-Q42024-Q4: 9579572025-Q12025-Q1: 8608602025-Q22025-Q2: 8678672025-Q32025-Q3: 8968962025-Q42025-Q4: 7287282026-Q12026-Q1: 6816812026-Q22026-Q2: 636636
Capex ($m) · quarterly basis, as reported
2024-Q32024-Q3: 60602024-Q42024-Q4: 53532025-Q12025-Q1: 46462025-Q22025-Q2: 38382025-Q32025-Q3: 40402025-Q42025-Q4: 56562026-Q12026-Q1: 25252026-Q22026-Q2: 4444
FCF ($m) · quarterly basis, as reported
2024-Q32024-Q3: -67-672024-Q42024-Q4: 67672025-Q12025-Q1: 28282025-Q22025-Q2: 11112025-Q32025-Q3: -6-62025-Q42025-Q4: 64642026-Q12026-Q1: 50502026-Q22026-Q2: 4747
D&A ($m) · quarterly basis, as reported
2024-Q32024-Q3: 44442024-Q42024-Q4: 45452025-Q12025-Q1: 44442025-Q22025-Q2: 45452025-Q32025-Q3: 45452025-Q42025-Q4: 44442026-Q12026-Q1: 46462026-Q22026-Q2: 4646
Shown: the most recent fiscal years. Full history since FY2016 is on record.

Fiscal years

Amounts in $m · EPS in $ per share · as reported
PeriodRevenueOp. incomeNet incomeEPS ($)EPS adj. ($)OCFSource
FY20253,95637.28.20.101.14276.725
FY20243,950.5139.8-128-1.491.45228.117
FY20234,168.2282.8247.42.562.78532.410

Quarters

Amounts in $m · EPS in $ per share · Net Debt/EBITDA as a multiple · as reported
PeriodPublishedRevenueOp. incomeNet incomeEPS ($)EPS adj. ($)FCFCashNet DebtNet Debt/EBITDA (x)Source
2026-Q2*2026-08-051,015.838.331.30.360.3946.966.6636.229
2026-Q1*2026-05-061,059.759.155.70.650.6750.171.3681.327
2025-Q4*2026-02-25975.2-13.3-13.5-0.16*0.2663.759.572825
2025-Q3*2025-11-06928.8-36.4-45.9-0.54-0.03-5.766.5895.823
2025-Q2*2025-08-061,002.429.625.40.300.3211.150.3866.821
2025-Q1*2025-05-071,049.657.242.20.500.5927.757.7859.919
2024-Q4*2025-02-2697216.2-79.5-0.92*0.3866.770.1957.317
2024-Q3*2024-11-089108.66.90.080.11-67.383.61,008.63x (LTM)15
2024-Q2*2024-08-07999.444.128.40.320.45-12.1117.9884.114
2024-Q1*2024-05-081,069.170.9-83.9-0.960.6420131.7820.112
2023-Q4*2025-02-261,071.749.643.30.45*0.71103.7111.5669.217
2023-Q3*2023-11-03941.647.344.50.450.411.386.6702.87
2023-Q2*2023-08-011,032.878.768.30.700.7019.988.8675.25
2023-Q1*2023-04-281,122.1107.191.30.930.98125.394.43
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
Columns not reported in this reporting cadence are hidden: Op. income (adj.), EBITDA (adj.) (not reported in any source for these periods).
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Balance Sheet & Cash Flow ($m)#

Point-in-time balance sheet items (e.g. cash, financial debt) and cash flow items (operating cash flow, investments/capex) per fiscal year, half-year and quarter. Balance sheet values are as of the period end, flow items cover the period. Derived values are marked and are calculated, for example, as: net debt = financial debt − cash; free cash flow = operating cash flow − capex; the click popover shows formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.

Fiscal years

Amounts in $m · as reported
PeriodPublishedCashDebtNet DebtD&AOCFCapexFCFSource
FY20252026-02-2559.5787.4728177.7276.7179.996.825
FY20242025-02-2670.11,027.4957.3175.6228.1220.77.417
FY20232024-02-28111.5780.7669.2169.3532.4282.2250.210

Quarters

Amounts in $m · as reported
PeriodPublishedCashDebtNet DebtD&AOCFCapexFCFSource
2026-Q22026-08-0566.6702.8636.24690.94446.929
2026-Q12026-05-0671.3752.6681.346.375.325.250.127
2025-Q42026-02-2559.5787.472844.2119.155.563.725
2025-Q32025-11-0666.5962.2895.844.934.440.2-5.723
2025-Q22025-08-0650.3917.1866.844.649.738.511.121
2025-Q12025-05-0757.7917.6859.943.973.545.827.719
2024-Q42025-02-2670.11,027.4957.345.1119.85366.717
2024-Q32024-11-0883.61,092.21,008.644.3-7.859.5-67.315
2024-Q22024-08-07117.91,002884.143.442.454.5-12.114
2024-Q12024-05-08131.7951.8820.142.773.853.82012
2023-Q42025-02-26111.5780.7669.227.4158.955.1103.717
2023-Q32023-11-0386.6789.4702.84886.384.91.37
2023-Q22023-08-0188.8764675.247.697.677.719.95
2023-Q12023-04-2894.446.3189.764.4125.33
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.
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Revenue by Type (as of 2026-Q2 · USDm · 2/6)#

Revenue split by segment or product type, exactly as the company itself reports it. The basis is stated next to each value (3, 6 or 12 months); segment totals can deviate from group revenue (reconciliation/consolidation items). If the company changes its segment structure, older structures are kept in the expandable part. Rows in grey are no longer reported separately by the company; they show the last available figures and are never extrapolated.

SegmentSincePeriodBasisRevenueGrowthMarginSource
International FranchiseFY20242026-Q13M7.628
U.S.2023-Q12026-Q13M1,032.28.4%28
U.S. Company-owned2023-Q12023-Q13M1,080.63
International2023-Q12024-Q13M152.20.7%10.4%12
International Company-owned2023-Q12023-Q13M147.73
Franchised2023-Q12023-Q13M4.13
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Products & M&A (6/7 active+recent)#

Product announcements from the reports; market launches, approvals, partnerships; with first mention (date) and source. “Active/current” means: still mentioned in the most recent reports; what the company no longer mentions moves to the expandable part but is never deleted. Rows in grey are discontinued products.

Product/LineSinceStatusSource
Restaurant remodeling and equipment upgrades2026-03Launched28
Turnaround strategy with targeted investments in steak quality at Outback2025-11Launched26
Dividend suspension2025-10Stable23
Joey design Outback Steakhouse format expansion2025Launched25
Aussie Three Course menu offering2025Launched25
Quarterly cash dividend2023-08Launched21
System-wide restaurant openings2024Launched9
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M&A (15)#

All recorded acquisitions (purchases) and divestitures/exits with date, short description and source; deliberately including smaller transactions that summaries often miss. Purchase prices appear only where the company itself has disclosed them. Rows in grey are cancelled transactions; the cancellation date is shown in the row.

Acquisitions · 10Divestitures/exits · 5
20242025

Acquisitions

Transaction / stakeDateTypeSource
Convertible notes repurchase2025-03Completed19
Strategic Review of Brazil Operations2024-11Announced14
Accelerated Share Repurchase Agreement2024-03Announced11
Share Repurchase Authorization ($350 million)2024-02Completed9
Amended & Restated Holistic Agreement with Out West (75 Outback franchisees)2023-12Announced17
Share repurchase program2023-02Completed21
U.S. restaurant fill-in and expansion (NC, FL, TX, CA)2023Completed10
Outback Steakhouse South Korea franchise expansion2023Completed10
Brazil restaurant development and fill-in2023Completed10

Divestitures / exits

Transaction / stakeDateTypeSource
Brazil operations sale2024-12Divested28
Restaurant closures in Hong Kong2024-06Divested22
Close of 36 older, predominantly underperforming U.S. restaurants2023-12Divested16
2025 Restaurant Closures2023-12Divested24
2023 Closure Initiative2023-12Divested12

Terminated / withdrawn

Transaction / stakeDateTypeSource
Convertible Notes Exchange Agreement2024-02Terminated (2025-05)11
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Reported KPIs (as disclosed) (327)#

Figures the company discloses itself in addition to the standard financials; order intake, recurring revenue, user or unit counts, adjusted measures. These “story KPIs” usually slip through standard databases; here they are collected as reported, with no calculation of our own. Important: the definition comes from the company itself and can differ from firm to firm; period and source are stated next to every value.

Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
DatePeriodKPIValue / changeSource
2026-08-062026-Q2U.S. combined comparable restaurant sales2.3 %30
2026-08-062026-Q2Restaurant-level operating margin12.4 %30
2026-08-062026-Q2Outback Steakhouse comparable restaurant sales1.4 %30
2026-08-062026-Q2Operating income margin3.8 %30
2026-08-062026-Q2Cash and cash equivalents66.6 million30
2026-08-062026-Q2Capital expenditures estimate for 2026185 million to 195 million30
2026-08-062026-Q2Available unused borrowing capacity774.2 million30
2026-08-062026-Q2Adjusted operating income margin (Twenty-Six Weeks Ended June 28, 2026)5.0 %30
2026-08-062026-Q2Adjusted operating income margin (Thirteen Weeks Ended June 28, 2026)4.0 %30
2026-08-052026-Q2Restaurant-level operating margin12.4%29
2026-08-052026-Q2GAAP operating income margin3.8%29
2026-08-052026-Q2Adjusted operating income margin4.0%29
2026-05-072026-Q1Traffic combined US-1.8%28
2026-05-072026-Q1System-wide restaurants1,45228
2026-05-072026-Q1Restaurant-level operating margin14.0%28
2026-05-072026-Q1operating income margin5.6%28
2026-05-072026-Q1franchised restaurants49028
2026-05-072026-Q1estimated capital expenditures 2026185-195 million28
2026-05-072026-Q1comparable restaurant sales Outback-0.3%28
2026-05-072026-Q1comparable restaurant sales combined US0.9%28
2026-05-072026-Q1company owned restaurants96228
2026-05-072026-Q1cash and cash equivalents71.3 million28
2026-05-072026-Q1average check per person combined US2.7%28
2026-05-072026-Q1available unused borrowing capacity728.7 million28
2026-05-062026-Q1Restaurant-level operating margin14.0%27
2026-02-25FY2025working capital deficit$(609,008)25
2026-02-25FY2025women operations leadership diversity pct39%25
2026-02-25FY2025volunteer organizations 20251325
2026-02-25FY2025volunteer hours 202550025
2026-02-25FY2025US restaurant management turnover rate20%25
2026-02-25FY2025US hourly team member turnover rate81%25
2026-02-25FY2025US franchised restaurants27625
2026-02-25FY2025US company owned restaurants81925
2026-02-25FY2025unrecognized tax benefits$17.0 million25
2026-02-25FY2025unearned revenue gift cards$377.9 million25
2026-02-25FY2025trust paid out since 2017$2.8 million25
2026-02-25FY2025Trust Beneficiaries Since 2017210025
2026-02-25FY2025Trade Names Carrying Value$414.7 million25
2026-02-25FY2025Total System-Wide Restaurants146025
2026-02-25FY2025Restaurants Owned & Operated96725
2026-02-25FY2025Restaurants Franchised49325
2026-02-25FY2025People of Color Operations Leadership Diversity %34%25
2026-02-25FY2025Outback Steakhouse Off-Premises Sales %25%25
2026-02-25FY2025Outback Steakhouse In-Restaurant Sales %75%25
2026-02-25FY2025Outback Steakhouse Franchised28925
2026-02-25FY2025Outback Steakhouse Company-Owned54825
2026-02-25FY2025Outback Food & Non-Alcoholic Beverage %92%25
2026-02-25FY2025Outback Average Check per Person$2925
2026-02-25FY2025Outback Alcoholic Beverage %8%25
2026-02-25FY2025Operating Weeks Outback Steakhouse US28,81625
2026-02-25FY2025Operating Weeks Fleming's US3,39125
2026-02-25FY2025Operating Weeks Carrabba's US9,887 (USD thousands)25
2026-02-25FY2025Operating Weeks Bonefish US8,36925
2026-02-25FY2025International Franchise Restaurants35525
2026-02-25FY2025International Company-Owned Restaurants1025
2026-02-25FY2025Internal Promotions Managing Partner Training90%25
2026-02-25FY2025interest rate swaps notional amount$275.0 million25
2026-02-25FY2025insurance claim liabilities$64.5 million25
2026-02-25FY2025goodwill carrying value$185.1 million25
2026-02-25FY2025Fleming's Prime Steakhouse company owned6625
2026-02-25FY2025Fleming's off-premises sales pct3%25
2026-02-25FY2025Fleming's in-restaurant sales pct97%25
2026-02-25FY2025Fleming's food & non-alcoholic beverage pct80%25
2026-02-25FY2025Fleming's average check per person$11025
2026-02-25FY2025Fleming's alcoholic beverage pct20%25
2026-02-25FY2025current operating lease liabilities$176.3 million25
2026-02-25FY2025current liabilities$878,64625
2026-02-25FY2025current assets$269,63825
2026-02-25FY2025cash and cash equivalents$59.5 million25
2026-02-25FY2025Carrabba's off-premises sales pct34%25
2026-02-25FY2025Carrabba's Italian Grill franchised17 (USD thousands)25
2026-02-25FY2025Carrabba's Italian Grill company owned187 (USD thousands)25
2026-02-25FY2025Carrabba's in-restaurant sales pct66%25
2026-02-25FY2025Carrabba's food & non-alcoholic beverage pct90%25
2026-02-25FY2025Carrabba's average check per person$2725
2026-02-25FY2025Carrabba's alcoholic beverage pct10%25
2026-02-25FY2025Bonefish off-premises sales pct17%25
2026-02-25FY2025Bonefish in-restaurant sales %83%25
2026-02-25FY2025Bonefish Grill franchised225
2026-02-25FY2025Bonefish Grill company-owned15625
2026-02-25FY2025Bonefish food & non-alcoholic beverage %81%25
2026-02-25FY2025Bonefish average check per person$3725
2026-02-25FY2025Bonefish alcoholic beverage %19%25
2026-02-25FY2025Beef supplier concentration80%25
2026-02-25FY2025Average restaurant unit volumes Outback Steakhouse US$4,00825
2026-02-25FY2025Average restaurant unit volumes Fleming's US$6,07125
2026-02-25FY2025Average restaurant unit volumes Carrabba's US$3,71625
2026-02-25FY2025Average restaurant unit volumes Bonefish US$3,14525
2026-02-25FY2025available unused borrowing capacity$693.7 million25
2026-02-25FY2025Alcoholic beverage sales %11%25
2026-02-252025-Q4Total revenues Q4 2025$ 975.226
2026-02-252025-Q4Total revenues Q4 2024$ 972.026
2026-02-252025-Q4Restaurant-level operating margin Q4 202511.5%26
2026-02-252025-Q4Restaurant-level operating margin Q4 202412.4%26
2026-02-252025-Q4GAAP operating loss margin Q4 2025(1.4)%26
2026-02-252025-Q4GAAP operating income margin Q4 20241.7%26
2026-02-252025-Q4Adjusted restaurant-level operating margin Q4 202511.6%26
2026-02-252025-Q4Adjusted restaurant-level operating margin Q4 202412.4%26
2026-02-252025-Q4Adjusted operating income margin Q4 20253.4%26
2026-02-252025-Q4Adjusted operating income margin Q4 20243.5%26
2025-11-062025-Q3working capital deficit$(423,171)23
2025-11-062025-Q3Unearned revenue unredeemed gift cards Sep 28 2025$295.4 million23
2025-11-062025-Q3Unearned revenue unredeemed gift cards Dec 29 2024$374.1 million23
2025-11-062025-Q3Current operating lease liabilities Sep 28 2025$176.3 million23
2025-11-062025-Q3Current operating lease liabilities Dec 29 2024$158.8 million23
2025-11-062025-Q3current liabilities$774,42023
2025-11-062025-Q3current assets$351,24923
2025-11-062025-Q3Carrying value of trade names$414.7 million23
2025-11-062025-Q3Carrying value of Outback Steakhouse trade name$287.0 million23
2025-11-062025-Q3Carrying value of goodwill Outback Steakhouse$123.2 million23
2025-11-062025-Q3Carrying value of goodwill Bonefish Grill$28.2 million23
2025-11-062025-Q3Carrying value of goodwill$213.3 million23
2025-11-062025-Q3available unused borrowing capacity$518.7 million23
2025-11-062025-Q3Total revenues928.8 (USD millions)24
2025-11-062025-Q3Restaurant-level operating margin9.2%24
2025-11-062025-Q3GAAP operating (loss) income margin(3.9)%24
2025-11-062025-Q3Adjusted restaurant-level operating margin9.5%24
2025-08-072025-Q2Unearned revenue gift cards$308.4 million22
2025-08-072025-Q2System-wide total restaurants1,47922
2025-08-072025-Q2System-wide total franchised49422
2025-08-072025-Q2System-wide total company-owned98522
2025-08-072025-Q2Outback Steakhouse trade name carrying value$287.0 million22
2025-08-072025-Q2Outback Steakhouse goodwill carrying value$123.2 million22
2025-08-072025-Q2Bonefish Grill goodwill carrying value$28.2 million22
2025-08-062025-Q2Total revenues1,002.4 million21
2025-08-062025-Q2Share repurchase authorization remaining$96.8 million21
2025-08-062025-Q2Restaurant-level operating margin12.0%21
2025-08-062025-Q2Quarterly cash dividend per share$0.1521
2025-08-062025-Q2GAAP operating income margin3.0%21
2025-08-062025-Q2Adjusted restaurant-level operating margin12.0%21
2025-08-062025-Q2Adjusted operating income margin3.5%21
2025-05-082025-Q1Restaurant-level operating margin13.9%20
2025-05-082025-Q1operating income margin5.5%20
2025-05-082025-Q1Comparable restaurant sales US combined(0.5)%20
2025-05-082025-Q1Comparable restaurant sales Outback Steakhouse(1.3)%20
2025-05-082025-Q1cash and cash equivalents57.7 million20
2025-05-082025-Q1Available borrowing capacity583.7 million20
2025-05-082025-Q1Adjusted restaurant level operating margin13.9%20
2025-05-082025-Q1Adjusted operating income margin6.1%20
2025-05-072025-Q1Total revenues$1,049.6 million19
2025-05-072025-Q1Restaurant-level operating margin13.9%19
2025-05-072025-Q1GAAP operating income margin5.5%19
2025-05-072025-Q1Diluted earnings per share$0.5019
2025-05-072025-Q1Adjusted restaurant-level operating margin13.9%19
2025-05-072025-Q1Adjusted operating income margin6.1%19
2025-02-26FY2024Trade names$414.717
2025-02-26FY2024Total restaurants1,46317
2025-02-26FY2024Labor and related cost pct31.1%17
2025-02-26FY2024franchised restaurants29117
2025-02-26FY2024Food and beverage cost pct29.7%17
2025-02-26FY2024company owned restaurants1,17217
2025-02-26FY2024Cash and equivalents$70.117
2025-02-26FY2024Available revolving credit$474.017
2025-02-262024-Q4Quarterly cash dividend per share$0.1518
2025-02-262024-Q4Number of new franchised restaurantsApproximately 3018
2025-02-262024-Q4Number of new company-owned restaurants18 to 2018
2025-02-262024-Q4Labor inflation4% to 5%18
2025-02-262024-Q4Effective income tax rateClose to 0%18
2025-02-262024-Q4Commodity inflation2.5% to 3.5%18
2025-02-262024-Q4Capital expenditures$190M to $210M18
2024-11-082024-Q3cash and cash equivalents83.6 million15
2024-11-082024-Q3available unused borrowing capacity407.2 million15
2024-11-082024-Q3Total revenues1,038.8 (USD millions)16
2024-11-082024-Q3Restaurant-level operating margin12.5%16
2024-11-082024-Q3Adjusted restaurant-level operating margin12.5%16
2024-08-072024-Q2Comparable restaurant sales Outback US 13 weeks(0.1)%14
2024-08-072024-Q2Comparable restaurant sales Outback Brazil 13 weeks(1.1)%14
2024-08-072024-Q2Comparable restaurant sales combined US 13 weeks(0.1)%14
2024-08-072024-Q2cash and cash equivalents$117.9 million14
2024-08-072024-Q2Capital expenditure estimate 2024$260 million to $270 million14
2024-08-072024-Q2Average restaurant unit volumes Outback US weekly$78,69814
2024-08-072024-Q2Average restaurant unit volumes Outback Brazil weekly$55,28214
2024-08-072024-Q2Average restaurant unit volumes Fleming's US weekly$107,39914
2024-08-072024-Q2Average restaurant unit volumes Carrabba's US weekly$69,94214
2024-08-072024-Q2Average restaurant unit volumes Bonefish US weekly$63,76014
2024-08-072024-Q2available unused borrowing capacity$297.2 million14
2024-08-062024-Q2Total revenues1,118.9 (USD millions)13
2024-08-062024-Q2Share repurchases YTD9.9 million shares for $263.1 million13
2024-08-062024-Q2Restaurant-level operating margin14.3 %13
2024-08-062024-Q2Dividend per share$0.2413
2024-08-062024-Q2Comparable restaurant sales (company-owned)(0.1) %13
2024-05-082024-Q1Total revenues decrease(4.0)%12
2024-05-082024-Q1Restaurant level operating margin16.0%12
2024-05-082024-Q1Operating income margin6.4%12
2024-05-082024-Q1Operating income77,093 (USD in thousands)12
2024-05-082024-Q1Comparable restaurant sales US combined(1.6)%12
2024-05-082024-Q1Comparable restaurant sales Outback Steakhouse(1.2)%12
2024-05-082024-Q1Cash and cash equivalents131.7 million12
2024-05-082024-Q1Average restaurant unit volumes weekly Outback Steakhouse$83,01212
2024-05-082024-Q1Average restaurant unit volumes weekly Fleming Prime$115,58012
2024-05-082024-Q1Average weekly unit volumes Carrabba's Italian Grill$72,32512
2024-05-082024-Q1Average weekly unit volumes Bonefish Grill$66,66112
2024-05-082024-Q1Available unused borrowing capacity346.7 million12
2024-05-082024-Q1Adjusted restaurant-level operating margin16.0%12
2024-05-072024-Q1Total revenues1,195.3 (USD millions)11
2024-05-072024-Q1Restaurant-level operating margin16.0%11
2024-05-072024-Q1GAAP operating income margin6.4%11
2024-05-072024-Q1Comparable restaurant sales (Company-owned Outback)(1.2)%11
2024-05-072024-Q1Comparable restaurant sales (Company-owned Fleming's)(2.0)%11
2024-05-072024-Q1Comparable restaurant sales (Company-owned Carrabba's)0.4%11
2024-05-072024-Q1Comparable restaurant sales (Company-owned Bonefish)(4.9)%11
2024-05-072024-Q1Adjusted restaurant-level operating margin16.0%11
2024-02-28FY2023Women in internal promotions42%10
2024-02-28FY2023US restaurant management turnover rate22%10
2024-02-28FY2023US Outback off-premises sales26%10
2024-02-28FY2023US Outback in-restaurant sales74%10
2024-02-28FY2023US Outback food & non-alcoholic beverage92%10
2024-02-28FY2023US Outback average check$2810
2024-02-28FY2023US Outback alcoholic beverage8%10
2024-02-28FY2023US hourly team member turnover rate91%10
2024-02-28FY2023US franchised restaurants15210
2024-02-28FY2023US Fleming's off-premises sales5%10
2024-02-28FY2023US Fleming's in-restaurant sales95%10
2024-02-28FY2023US Fleming's food & non-alcoholic beverage79%10
2024-02-28FY2023US Fleming's average check$10010
2024-02-28FY2023US Fleming's alcoholic beverage21%10
2024-02-28FY2023US company owned restaurants1,15010
2024-02-28FY2023US Carrabba's off-premises sales33%10
2024-02-28FY2023US Carrabba's in-restaurant sales67%10
2024-02-28FY2023US Carrabba's food & non-alcoholic beverage90%10
2024-02-28FY2023US Carrabba's average check$2510
2024-02-28FY2023US Carrabba's alcoholic beverage10%10
2024-02-28FY2023US Bonefish off-premises sales16%10
2024-02-28FY2023US Bonefish in-restaurant sales84%10
2024-02-28FY2023US Bonefish food & non-alcoholic beverage81%10
2024-02-28FY2023US Bonefish average check$3410
2024-02-28FY2023US Bonefish alcoholic beverage19%10
2024-02-28FY2023US beef supplier concentrationmore than 95% from four suppliers10
2024-02-28FY2023US alcoholic beverage sales percentage11%10
2024-02-28FY2023unrecognized tax benefits$16.7 million10
2024-02-28FY2023unearned revenue gift cards$381.9 million10
2024-02-28FY2023Trust team members benefited since 2017over 1,50010
2024-02-28FY2023Trust payments since 2017approximately $2.2 million10
2024-02-28FY2023Total System-Wide Restaurants1,48010
2024-02-28FY2023Total restaurants system-wide1,48010
2024-02-28FY2023Restaurant support center women61%10
2024-02-28FY2023Restaurant support center people of color23%10
2024-02-28FY2023Remodels completed 2023more than 10010
2024-02-28FY2023Planned Outback Steakhouse openings 2024approximately 1510
2024-02-28FY2023Planned new system-wide locations 2024approximately 40 to 4510
2024-02-28FY2023Planned Brazil locations 2024approximately half10
2024-02-28FY2023People of color in internal promotions29%10
2024-02-28FY2023Outback Steakhouse US Franchised12610
2024-02-28FY2023Outback Steakhouse US Company Owned56210
2024-02-28FY2023Outback Steakhouse South Korea Franchised9210
2024-02-28FY2023Outback Steakhouse Opened 2023610
2024-02-28FY2023Outback Steakhouse Brazil Company Owned15510
2024-02-28FY2023Operations Leadership Women40%10
2024-02-28FY2023Operations Leadership People of Color32%10
2024-02-28FY2023Net Indebtedness$780.7 million10
2024-02-28FY2023International Outback Brazil Off-Premises Sales14%10
2024-02-28FY2023International Outback Brazil In-Restaurant Sales86%10
2024-02-28FY2023International Outback Brazil Food & Non-Alcoholic Beverage92%10
2024-02-28FY2023International Outback Brazil Average Check LocalR$6410
2024-02-28FY2023International Outback Brazil Average Check$1310
2024-02-28FY2023International Outback Brazil Alcoholic Beverage8%10
2024-02-28FY2023International Other Franchised4710
2024-02-28FY2023International Other Company Owned3610
2024-02-28FY2023International Franchised Restaurants13910
2024-02-28FY2023International Company-Owned Restaurants19110
2024-02-28FY2023Internal Promotions to Manager in Training and Partner Programsapproximately 91%10
2024-02-28FY2023Insurance Claim Liability$45.9 million10
2024-02-28FY2023Hourly Team Members Women52%10
2024-02-28FY2023hourly team members people of color50%10
2024-02-28FY2023franchised restaurants29110
2024-02-28FY2023Fleming's Prime Steakhouse US company-owned6410
2024-02-28FY2023Fleming's Prime US company-owned6410
2024-02-28FY2023expected commodity inflation 20243% to 4%10
2024-02-28FY2023corporate personnel internationalmore than 25010
2024-02-28FY2023corporate personnelapproximately 75010
2024-02-28FY2023consolidated alcoholic beverage sales percentage11%10
2024-02-28FY2023company owned restaurants1,18910
2024-02-28FY2023community service organizations 20231610
2024-02-28FY2023community service hours 2023over 80010
2024-02-28FY2023Cash and equivalents$111.5 million10
2024-02-28FY2023Carrabba's Italian Grill US franchised19 (USD thousands)10
2024-02-28FY2023Carrabba's Italian Grill US company-owned198 (USD thousands)10
2024-02-28FY2023Carrabba's Italian Grill US franchised19 (USD thousands)10
2024-02-28FY2023Carrabba's Italian Grill US company-owned198 (USD thousands)10
2024-02-28FY2023Brazil pork supplier concentrationmore than 80% from four suppliers10
2024-02-28FY2023Brazil pork marketplace concentrationmore than 45%10
2024-02-28FY2023Bonefish Grill US franchised610
2024-02-28FY2023Bonefish Grill US company-owned17010
2024-02-28FY2023available unused borrowing capacity$599.2 million10
2024-02-28FY2023Aussie Grill US franchised110
2024-02-28FY2023Aussie Grill US company-owned410
2024-02-232023-Q4Total revenues1,194.2 million9
2024-02-232023-Q4Restaurant-level operating margin16.4%9
2024-02-232023-Q4number of new system-wide restaurants40 to 459
2024-02-232023-Q4GAAP operating income margin4.8%9
2024-02-232023-Q4Commodity inflation3% to 4%9
2024-02-232023-Q4Capital expenditures$270M to $290M9
2024-02-232023-Q4Adjusted restaurant-level operating margin15.9%9
2024-02-232023-Q4Adjusted operating income margin7.5%9
2023-11-032023-Q3Total revenues$1,079.8 million8
2023-11-032023-Q3Restaurant-level operating margin13.8%7
2023-11-032023-Q3Operating income margin5.4%7
2023-11-032023-Q3Diluted earnings per share$0.457
2023-11-032023-Q3Cash and cash equivalents$86.6 million7
2023-11-032023-Q3Available unused borrowing capacity$590.2 million7
2023-11-032023-Q3Adjusted restaurant-level operating margin14.0%7
2023-11-032023-Q3Adjusted operating income margin5.3%7
2023-11-032023-Q3Adjusted diluted EPS$0.447
2023-08-012023-Q2System-wide total restaurants1,4755
2023-08-012023-Q2Restaurant-level operating margin16.4%5
2023-08-012023-Q2operating income margin7.8%5
2023-08-012023-Q2franchised restaurants2895
2023-08-012023-Q2Diluted EPS$0.705
2023-08-012023-Q2Comparable restaurant sales - U.S.0.8%5
2023-08-012023-Q2Comparable restaurant sales Outback Steakhouse0.6%5
2023-08-012023-Q2company owned restaurants1,1865
2023-08-012023-Q2cash and cash equivalents88.8 million5
2023-08-012023-Q2Available borrowing capacity615.2 million5
2023-08-012023-Q2Adjusted diluted EPS - 26 weeks$1.725
2023-08-012023-Q2Adjusted diluted EPS - 13 weeks$0.745
2023-08-012023-Q2Restaurant-level operating margin16.46
2023-08-012023-Q2Operating income margin7.86
2023-05-022023-Q1Restaurant-level operating margin17.9%4
2023-05-022023-Q1Operating income margin9.7%4
2023-05-022023-Q1Avg. restaurant unit volumes - U.S. Outback Steakhouse (weekly)$84,5064
2023-05-022023-Q1Avg. restaurant unit volumes - U.S. Fleming's Prime Steakhouse & Wine Bar (weekly)$121,6254
2023-05-022023-Q1Avg. restaurant unit volumes - U.S. Carrabba's Italian Grill (weekly)$72,6874
2023-05-022023-Q1Avg. restaurant unit volumes - U.S. Bonefish Grill (weekly)$70,1464
2023-05-022023-Q1Avg. restaurant unit volumes - International Outback Steakhouse - Brazil (weekly)$63,1704
2023-04-282023-Q1Restaurant-level operating margin17.93
2023-04-282023-Q1operating income margin9.73
2023-04-282023-Q1Q1 comparable restaurant sales - combined U.S.5.1 (USD %)3
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Guidance Tracking (latest per metric/period · 31/64)#

All management forecasts (guidance) and their later outcome. Types: fiscal-year targets as well as quarterly/half-year targets; per metric and period the most recent statement applies, older versions can be expanded. The status is checked automatically against the actuals reported later: open (period still running), met, beaten, missed. For ranges (“X to Y”) reaching the range counts. Logged neutrally, no estimate of our own, no assessment.

Actuals: EPS in $ per share

For periodGuided onMetricGuidedActualVerdictDirectionSource
FY20262026-08-05EPS (GAAP)0.85–0.95pendingraised29
FY20262026-08-05EPS (non-GAAP)0.9–1pendingraised29
FY20262026-08-05U.S. comparable restaurant sales1–2%pendingconfirmed29
2026-Q32026-08-05EPS (GAAP)-0.28–-0.23pendinginitiated29
2026-Q32026-08-05EPS (non-GAAP)-0.27–-0.22pendinginitiated29
2026-Q32026-08-05U.S. comparable restaurant sales1–2%pendinginitiated29
2026-Q22026-05-06EPS (GAAP)0.24–0.290.36beatconfirmed27
2026-Q22026-05-06EPS (non-GAAP)0.27–0.320.39beatconfirmed27
2026-Q22026-05-06U.S. comparable restaurant sales1–2%confirmed27
2026-Q12026-02-25EPS (GAAP)0.54–0.590.65beatinitiated26
2026-Q12026-02-25EPS (non-GAAP)0.57–0.620.67beatinitiated26
2026-Q12026-02-25U.S. comparable restaurant sales1%initiated26
FY20252025-11-06EPS (GAAP)0.75–0.80.1missconfirmed24
FY20252025-11-06EPS (non-GAAP)1.1–1.151.14in lineconfirmed24
FY20252025-11-06U.S. comparable restaurant sales0–0.5%confirmed24
FY20252025-11-06Labor inflation~3.5%confirmed24
FY20252025-08-06Capex~19021
FY20252025-08-06Commodity inflation3–3.5%21
FY20252025-02-26Labor cost inflation4–5%initiated17
2025-Q42025-11-06EPS (GAAP)0.1–0.15-0.16missconfirmed24
2025-Q42025-11-06EPS (non-GAAP)0.23–0.280.26in lineconfirmed24
2025-Q42025-11-06U.S. comparable restaurant sales0.5–1.5%confirmed24
2025-Q32025-08-06U.S. comparable restaurant sales1%initiated21
2025-Q32025-08-06Diluted loss per share-0.22–-0.17initiated21
2025-Q32025-08-06Adjusted diluted loss per share-0.15–-0.1initiated21
2025-Q22025-05-07EPS (GAAP)0.2–0.250.3beatinitiated19
2025-Q22025-05-07EPS (non-GAAP)0.22–0.270.32beatconfirmed19
2025-Q22025-05-07U.S. comparable restaurant sales1.5–2.5%initiated19
2025-Q12025-02-26EPS (GAAP)0.48–0.530.5in lineinitiated18
2025-Q12025-02-26EPS (non-GAAP)0.55–0.60.59in lineinitiated18
2025-Q12025-02-26U.S. comparable restaurant sales0.5–1.5%initiated18
FY20242024-11-08EPS (non-GAAP)1.72–1.821.45misscut16
FY20242024-11-08Tax rate6–7%cut16
FY20242024-11-08U.S. comparable restaurant sales0.5–1%cut16
FY20242024-11-08Commodity inflation~1%cut16
FY20242024-08-06EPS (GAAP)0.25–0.45-1.49misscut13
FY20242024-08-06Capex260–270cut13
2024-Q42024-11-08EPS (non-GAAP)0.32–0.420.38in lineinitiated16
2024-Q42024-11-08U.S. comparable restaurant sales1–2%initiated16
2024-Q32024-08-06EPS (GAAP)0.15–0.230.08misscut13
2024-Q32024-08-06EPS (non-GAAP)0.17–0.250.11misscut13
2024-Q32024-08-06U.S. comparable restaurant sales2%cut13
2024-Q22024-05-07EPS (GAAP)0.53–0.580.32missinitiated11
2024-Q22024-05-07EPS (non-GAAP)0.55–0.60.45missinitiated11
2024-Q22024-05-07U.S. comparable restaurant sales1.5%initiated11
2024-Q12024-02-23EPS (non-GAAP)0.7–0.750.64missinitiated9
2024-Q12024-02-23U.S. comparable restaurant sales0.5–2%initiated9
FY20232023-11-03EPS (GAAP)2.7–2.792.56misscut8
FY20232023-11-03EPS (non-GAAP)2.8–2.92.78misscut8
FY20232023-11-03Tax rate10–11%confirmed8
FY20232023-11-03Capex260–280raised8
FY20232023-11-03U.S. comparable restaurant sales1.5–2%cut8
2023-Q42023-11-03EPS (GAAP)0.6–0.690.45missinitiated8
2023-Q42023-11-03EPS (non-GAAP)0.64–0.740.71in lineinitiated8
2023-Q42023-11-03U.S. comparable restaurant sales1%initiated8
2023-Q32023-08-01EPS (GAAP)0.39–0.440.45beatconfirmed6
2023-Q32023-08-01EPS (non-GAAP)0.41–0.460.41in lineconfirmed6
2023-Q32023-08-01U.S. comparable restaurant sales0.5–1.5%confirmed6
2023-Q22023-04-28EPS (GAAP)0.59–0.640.7beatconfirmed3
2023-Q22023-04-28EPS (non-GAAP)0.62–0.670.7beatconfirmed3
2023-Q22023-04-28U.S. comparable restaurant sales0.5–1.5%confirmed3
2023-Q12023-02-16EPS (GAAP)0.81–0.860.93beatinitiated1
2023-Q12023-02-16EPS (non-GAAP)0.85–0.90.98beatinitiated1
2023-Q12023-02-16U.S. comparable restaurant sales3–5%initiated1
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Development#

A condensed summary per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. Most recent period first, grouped by year; each text is written from the original report of that period, superscript numbers lead to the source.

FY2026

Bloomin' Brands reported total revenues of $1,059.7 million in Q1 2026 and $1,015.8 million in Q2 2026, representing year-over-year increases of 1.0% and 1.3% respectively, driven primarily by higher comparable restaurant sales 27 29. Restaurant-level operating margin expanded to 14.0% in Q1 and 12.4% in Q2, supported by higher average check per person, pricing actions, and productivity initiatives, partially offset by higher commodity, operating, and labor costs 27 29. Operating income grew year-over-year in both reported quarters, reaching $59.1 million in Q1 and $38.3 million in Q2, while diluted EPS increased to $0.65 and $0.36 respectively 27 29. The company advanced its comprehensive Outback Steakhouse turnaround strategy, announced in November 2025, centered on four platforms: delivering a remarkable dine-in experience, driving brand relevancy, reigniting a culture of ownership and fun, and investing in restaurants 28 30. Following Q2 results, full-year 2026 diluted EPS guidance was raised to $0.85–$0.95 from the prior range of $0.70–$0.85, reflecting improved performance in the first half 29.

FY2025

Bloomin' Brands reported FY 2025 total revenues of $3,956.0 million, up 0.1% versus 2024, as persistent comparable restaurant sales declines and net restaurant closures were largely offset by menu pricing and new unit additions 25. Operating income declined to $37.2 million from $139.8 million in 2024, as commodity and labor cost inflation compressed restaurant-level operating margin to 11.7% from 13.3%, compounded by impairment and closure charges including a $28.2 million goodwill impairment for the Bonefish Grill reporting unit in Q4 2025 25. Diluted EPS of $0.10 compared to a loss per share of $(0.61) in 2024, where the prior year carried higher impairment and closure charges 25 19. In November 2025 the company announced a comprehensive turnaround strategy centered on Outback Steakhouse, and in October 2025 suspended its quarterly dividend to redirect capital toward debt reduction and strategic investments 25. The sale of 67% of Brazil operations, completed December 30, 2024, converted formerly company-owned restaurants to franchisees and contributed initial cash proceeds of $103.9 million 25.

FY2024

Bloomin' Brands reported fiscal 2024 total revenues of $3,950.5 million as comparable restaurant sales declined 1.1% versus 1.4% growth in fiscal 2023, with negative comparable sales trends across all four quarters 17. Operating income from continuing operations fell 50.6% to $139.8 million and GAAP net income was a loss of $128.0 million, or $(1.49) per diluted share, reflecting charges from the 2023 Closure Initiative, losses on convertible note retirements, and persistently higher labor and commodity costs 17. Restaurant-level operating margin contracted from 15.4% in 2023 to 13.3% in 2024 driven by wage rate inflation, commodity cost increases, and higher operating expenses, while full-year free cash flow totaled $7.4 million 17. The year's central strategic event was the sale of a 67% stake in the Brazil operations to a fund managed by a Vinci Partners affiliate, completed December 30, 2024, converting 192 restaurants from company-owned to unconsolidated franchisees while Bloomin' Brands retained a 33% indirect interest 17 18. Leadership transitions included the appointment of Michael Spanos as Chief Executive Officer in September 2024 and W. Michael Healy as Chief Financial Officer in April 2024 17.

FY2023

Bloomin' Brands generated FY2023 total revenues of $4,168.2 million and operating income of $282.8 million, with diluted EPS of $2.56 and adjusted diluted EPS of $2.78; the year-over-year improvement in reported diluted EPS versus $1.03 in 2022 was primarily driven by lower debt-related losses in the prior year rather than operational gains alone (18, 10). U.S. combined comparable restaurant sales increased 1.4% for the full year, a notable deceleration from the 5.1% gain posted in Q1, as menu-pricing-driven momentum faded and U.S. guest traffic declined through the year (3, 10). Restaurant-level operating margin improved to 16.2% from 15.6% in 2022, supported by menu pricing benefits, cost savings initiatives, and Brazil value added tax exemptions that expired in Q4 2023 (10). In Q4, management executed a 2023 Closure Initiative, shuttering 36 underperforming domestic restaurants and 5 Aussie Grill locations with $32.3 million in associated asset impairments and closure charges (9). Full-year operating cash flow increased to $532.4 million from $390.9 million in 2022, driven by higher operational receipts and lower tax payments (10).

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Sources: official investor relations documents#

All original documents used, with type (e.g. quarterly, half-year, annual report), publication date and a direct link to the filing (EDINET/SEC/IR). Every superscript number in the report points to an entry in this list; so every figure can be traced back to its place in the original.

47 documents · 2016 – 2026 · SEC EDGAR (USA)
#Document typePublishedLink
#1 / #1018-K-EX99.12023-02-16Open
#210-K2023-02-22Open
#3 / #1038-K-EX99.12023-04-28Open
#410-Q2023-05-02Open
#510-Q2023-08-01Open
#6 / #1068-K-EX99.12023-08-01Open
#710-Q2023-11-03Open
#8 / #1088-K-EX99.12023-11-03Open
#98-K-EX99.12024-02-23Open
#1010-K2024-02-28Open
#11 / #1118-K-EX99.12024-05-07Open
#1210-Q2024-05-08Open
#13 / #1138-K-EX99.12024-08-06Open
#1410-Q2024-08-07Open
#1510-Q2024-11-08Open
#16 / #1168-K-EX99.12024-11-08Open
#1710-K2025-02-26Open
#188-K-EX99.12025-02-26Open
#19 / #1198-K-EX99.12025-05-07Open
#2010-Q2025-05-08Open
#21 / #1218-K-EX99.12025-08-06Open
#2210-Q2025-08-07Open
#2310-Q2025-11-06Open
#24 / #1248-K-EX99.12025-11-06Open
#2510-K2026-02-25Open
#268-K-EX99.12026-02-25Open
#27 / #1278-K-EX99.12026-05-06Open
#2810-Q2026-05-07Open
#29 / #1298-K-EX99.12026-08-05Open
#3010-Q2026-08-06Open
Older sources (+17)
#Document typePublishedLink
#20310-K2016-05-03Open
#20110-Q2016-08-03Open
#20610-K2017-02-22Open
#20410-Q2017-05-02Open
#20510-Q2017-08-01Open
#20210-Q2017-11-03Open
#20810-K2018-02-28Open
#20710-Q2018-08-02Open
#21010-K2019-02-27Open
#20910-Q2019-08-02Open
#21410-K2020-02-26Open
#21110-Q2020-05-21Open
#21210-Q2020-07-31Open
#21310-Q2020-10-30Open
#21510-Q2021-04-30Open
#21610-Q2021-08-05Open
#21710-Q2021-11-03Open

FAQ#

Is there a management forecast (guidance) for FY2026?

Yes. Management has issued targets for FY2026, including EPS (GAAP). The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.

Does Bloomin' Brands Inc. pay a dividend?

The filings report on the dividend; most recent entry: dividend per share $0.15 (2025-Q2) (as reported, no assessment of our own). Details with source links are in the report chapters.

Where can I find the official investor relations documents of Bloomin' Brands Inc.?

The sources chapter links all 59 original filings used (SEC filings) with type, publication date and a direct link; every figure in the report carries a source number.

More reports#

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