Bloomin' Brands Stock BLMN
Bloomin' Brands 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. Bloomin' Brands stock (BLMN): Quarterly and annual results since 2023 from Quarterly Report and SEC filings: revenue, earnings, balance sheet, cash flow and management guidance, every figure with its source. As of 08/2026, quarterly reporting. Stock analysis by NadirAlpha. Bloomin' Brands stock (BLMN): listed on Nasdaq. NadirAlpha has evaluated 47 original documents, cross-checked every figure automatically and linked each to its source; sources as of 08/2026. Revenue Q2 2026: USD 1 billion (+1% year on year). Latest reported (Q2 2026): Restaurant-level operating margin, GAAP operating income margin, Adjusted operating income margin. Latest reading: Margin expanding, Guidance raised.
AI-generated report · not investment advice · figures extracted automatically; please verify against the linked original more
Bloomin' Brands Current Status
The current state of Bloomin' Brands at a glance, figures as of Q2 2026, with core figures and the key management statements from the latest filing. NadirAlpha methodology
Assessment by NadirAlpha, as of Q2 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.”
Bloomin' Brands Stock: Key Figures ($ million)
NadirAlpha shows fiscal years, half-years and quarters of Bloomin' Brands one below the other, most recently Q2 2026; every figure is clickable and leads to raw value, location and source. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology
All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.
Fiscal years
| Period | Revenue | Op. income | Net income | EPS ($) | EPS adj. ($) | OCF | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | 3,956 | 37.2 | 8.2 | 0.10 | 1.14 | 276.7 | 25 |
| FY2024 | 3,950.5 | 139.8 | -128 | -1.49 | 1.45 | 228.1 | 17 |
| FY2023 | 4,168.2 | 282.8 | 247.4 | 2.56 | 2.78 | 532.4 | 10 |
Quarters
| Period | Published | Revenue | Op. income | Op. income (adj.) | Net income | EPS ($) | EPS adj. ($) | FCF | Cash | Net Debt | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-Q2* | 2026-08-05 | 1,015.8 | 38.3 | 41.1 | 31.3 | 0.36 | 0.39 | 46.9 | 66.6 | 636.2 | 29 |
| 2026-Q1* | 2026-05-06 | 1,059.7 | 59.1 | – | 55.7 | 0.65 | 0.67 | 50.1 | 71.3 | 681.3 | 27 |
| 2025-Q4* | 2026-02-25 | 975.2 | -13.3 | – | -13.5 | -0.16*≈ | 0.26° | 63.7 | 59.5 | 728 | 25 |
| 2025-Q3* | 2025-11-06 | 928.8 | -36.4 | 7.8 | -45.9 | -0.54 | -0.03 | -5.7 | 66.5 | 895.8 | 23 |
| 2025-Q2* | 2025-08-06 | 1,002.4 | 29.6 | 35.4 | 25.4 | 0.30 | 0.32 | 11.1 | 50.3 | 866.8 | 21 |
| 2025-Q1* | 2025-05-07 | 1,049.6 | 57.2 | 63.7 | 42.2 | 0.50 | 0.59 | 27.7 | 57.7 | 859.9 | 19 |
| 2024-Q4* | 2025-02-26 | 972 | 16.2 | – | -79.5 | -0.92*≈ | 0.38 | 66.7 | 70.1 | 957.3 | 17 |
| 2024-Q3* | 2024-11-08 | 910 | 8.6 | 20.9 | 6.9 | 0.08 | 0.11~ | -67.3 | 83.6 | 1,008.6 | 15 |
| 2024-Q2* | 2024-08-06 | 999.4 | 44.1 | – | 28.4 | 0.32 | 0.45~ | -12.1 | 117.9 | 884.1 | 13 |
| 2024-Q1* | 2024-05-07 | 1,069.1 | 70.9 | 90.05 | -83.9 | -0.96 | 0.64 | 20 | 131.7 | 820.1 | 11 |
| 2023-Q4* | 2024-02-23 | 1,071.7 | 49.6 | – | 43.3 | 0.45*≈ | 0.71 | 103.7 | 111.5 | 669.2 | 9 |
| 2023-Q3* | 2023-11-03 | 941.6 | 47.3 | 57 | 44.5 | 0.45 | 0.41 | 1.3 | 86.6 | 702.8 | 7 |
| 2023-Q2* | 2023-08-01 | 1,032.8 | 78.7 | 89.4 | 68.3 | 0.70 | 0.70 | 19.9 | 88.8 | 675.2 | 5 |
| 2023-Q1* | 2023-04-28 | 1,122.1 | 107.1 | 120.6 | 91.3 | 0.93 | 0.98 | 125.3 | 94.4 | – | 3 |
Bloomin' Brands Balance Sheet & Cash Flow ($ million)
NadirAlpha places cash, debt, operating cash flow and investments of Bloomin' Brands side by side per period, balance sheet values as of the period end, flow items for the period. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology
Fiscal years
| Period | Published | Cash | Debt | Net Debt | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | 2026-02-25 | 59.5 | 787.4 | 728 | 177.7 | 276.7 | 179.9 | 96.8 | 25 |
| FY2024 | 2025-02-26 | 70.1 | 1,027.4 | 957.3 | 175.6 | 228.1 | 220.7 | 7.4 | 17 |
| FY2023 | 2024-02-28 | 111.5 | 780.7 | 669.2 | 169.3 | 532.4 | 282.2 | 250.2 | 10 |
Quarters
| Period | Published | Cash | Debt | Net Debt | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-Q2 | 2026-08-05 | 66.6 | 702.8 | 636.2 | 46 | 90.9 | 44 | 46.9 | 29 |
| 2026-Q1 | 2026-05-06 | 71.3 | 752.6 | 681.3 | 46.3 | 75.3 | 25.2 | 50.1 | 27 |
| 2025-Q4 | 2026-02-25 | 59.5 | 787.4 | 728 | 44.2 | 119.1 | 55.5 | 63.7 | 25 |
| 2025-Q3 | 2025-11-06 | 66.5 | 962.2 | 895.8 | 44.9 | 34.4 | 40.2 | -5.7 | 23 |
| 2025-Q2 | 2025-08-06 | 50.3 | 917.1 | 866.8 | 44.6 | 49.7 | 38.5 | 11.1 | 21 |
| 2025-Q1 | 2025-05-07 | 57.7 | 917.6 | 859.9 | 43.9 | 73.5 | 45.8 | 27.7 | 19 |
| 2024-Q4 | 2025-02-26 | 70.1 | 1,027.4 | 957.3 | 45.1 | 119.8 | 53 | 66.7 | 17 |
| 2024-Q3 | 2024-11-08 | 83.6 | 1,092.2 | 1,008.6 | 44.3 | -7.8 | 59.5 | -67.3 | 15 |
| 2024-Q2 | 2024-08-06 | 117.9 | 1,002 | 884.1 | 43.4 | 42.4 | 54.5 | -12.1 | 13 |
| 2024-Q1 | 2024-05-08 | 131.7 | 951.8 | 820.1 | 42.7 | 73.8 | 53.8 | 20 | 12 |
| 2023-Q4 | 2025-02-26 | 111.5 | 780.7 | 669.2 | 27.4 | 158.9 | 55.1 | 103.7 | 17 |
| 2023-Q3 | 2023-11-03 | 86.6 | 789.4 | 702.8 | 48 | 86.3 | 84.9 | 1.3 | 7 |
| 2023-Q2 | 2023-08-01 | 88.8 | 764 | 675.2 | 47.6 | 97.6 | 77.7 | 19.9 | 5 |
| 2023-Q1 | 2023-04-28 | 94.4 | – | – | 46.3 | 189.7 | 64.4 | 125.3 | 3 |
Bloomin' Brands Guidance Tracking (latest per metric/period · 31/64)
NadirAlpha records 64 guidance statements of Bloomin' Brands neutrally: annual and quarterly targets, direction of change and outcome as a dot with legend, with no estimate of our own. NadirAlpha methodology
Actuals: EPS in $ per share
Direction: confirmedcutinitiatedraised Verdict: beatin linemisspending
| For period | Guided on | Metric | Guided | Actual | Verdict | Direction | Source |
|---|---|---|---|---|---|---|---|
| FY2026 | 2026-08-05 | EPS (GAAP) | 0.85–0.95 | – | 29 | ||
| FY2026 | 2026-08-05 | EPS (non-GAAP) | 0.9–1 | – | 29 | ||
| FY2026 | 2026-08-05 | U.S. comparable restaurant sales | 1–2% | – | 29 | ||
| 2026-Q3 | 2026-08-05 | EPS (GAAP) | -0.28–-0.23 | – | 29 | ||
| 2026-Q3 | 2026-08-05 | EPS (non-GAAP) | -0.27–-0.22 | – | 29 | ||
| 2026-Q3 | 2026-08-05 | U.S. comparable restaurant sales | 1–2% | – | 29 | ||
| 2026-Q2 | 2026-05-06 | EPS (GAAP) | 0.24–0.29 | 0.36 | 27 | ||
| 2026-Q2 | 2026-05-06 | EPS (non-GAAP) | 0.27–0.32 | 0.39 | 27 | ||
| 2026-Q2 | 2026-05-06 | U.S. comparable restaurant sales | 1–2% | – | – | 27 | |
| 2026-Q1 | 2026-02-25 | EPS (GAAP) | 0.54–0.59 | 0.65 | 26 | ||
| 2026-Q1 | 2026-02-25 | EPS (non-GAAP) | 0.57–0.62 | 0.67 | 26 | ||
| 2026-Q1 | 2026-02-25 | U.S. comparable restaurant sales | 1% | – | – | 26 | |
| FY2025 | 2025-11-06 | EPS (GAAP) | 0.75–0.8 | 0.1 | 24 | ||
| FY2025 | 2025-11-06 | EPS (non-GAAP) | 1.1–1.15 | 1.14 | 24 | ||
| FY2025 | 2025-11-06 | U.S. comparable restaurant sales | 0–0.5% | – | – | 24 | |
| FY2025 | 2025-11-06 | Labor inflation | ~3.5% | – | – | 24 | |
| FY2025 | 2025-08-06 | Capex | ~190 | – | – | 21 | |
| FY2025 | 2025-08-06 | Commodity inflation | 3–3.5% | – | – | 21 | |
| FY2025 | 2025-02-26 | Labor cost inflation | 4–5% | – | – | 17 | |
| 2025-Q4 | 2025-11-06 | EPS (GAAP) | 0.1–0.15 | -0.16 | 24 | ||
| 2025-Q4 | 2025-11-06 | EPS (non-GAAP) | 0.23–0.28 | 0.26 | 24 | ||
| 2025-Q4 | 2025-11-06 | U.S. comparable restaurant sales | 0.5–1.5% | – | – | 24 | |
| 2025-Q3 | 2025-08-06 | U.S. comparable restaurant sales | 1% | – | – | 21 | |
| 2025-Q3 | 2025-08-06 | Diluted loss per share | -0.22–-0.17 | – | – | 21 | |
| 2025-Q3 | 2025-08-06 | Adjusted diluted loss per share | -0.15–-0.1 | – | – | 21 | |
| 2025-Q2 | 2025-05-07 | EPS (GAAP) | 0.2–0.25 | 0.3 | 19 | ||
| 2025-Q2 | 2025-05-07 | EPS (non-GAAP) | 0.22–0.27 | 0.32 | 19 | ||
| 2025-Q2 | 2025-05-07 | U.S. comparable restaurant sales | 1.5–2.5% | – | – | 19 | |
| 2025-Q1 | 2025-02-26 | EPS (GAAP) | 0.48–0.53 | 0.5 | 18 | ||
| 2025-Q1 | 2025-02-26 | EPS (non-GAAP) | 0.55–0.6 | 0.59 | 18 | ||
| 2025-Q1 | 2025-02-26 | U.S. comparable restaurant sales | 0.5–1.5% | – | – | 18 | |
| FY2024 | 2024-11-08 | EPS (non-GAAP) | 1.72–1.82 | 1.45 | 16 | ||
| FY2024 | 2024-11-08 | Tax rate | 6–7% | – | – | 16 | |
| FY2024 | 2024-11-08 | U.S. comparable restaurant sales | 0.5–1% | – | – | 16 | |
| FY2024 | 2024-11-08 | Commodity inflation | ~1% | – | – | 16 | |
| FY2024 | 2024-08-06 | EPS (GAAP) | 0.25–0.45 | -1.49 | 13 | ||
| FY2024 | 2024-08-06 | Capex | 260–270 | – | – | 13 | |
| 2024-Q4 | 2024-11-08 | EPS (non-GAAP) | 0.32–0.42 | 0.38 | 16 | ||
| 2024-Q4 | 2024-11-08 | U.S. comparable restaurant sales | 1–2% | – | – | 16 | |
| 2024-Q3 | 2024-08-06 | EPS (GAAP) | 0.15–0.23 | 0.08 | 13 | ||
| 2024-Q3 | 2024-08-06 | EPS (non-GAAP) | 0.17–0.25 | – | – | 13 | |
| 2024-Q3 | 2024-08-06 | U.S. comparable restaurant sales | 2% | – | – | 13 | |
| 2024-Q2 | 2024-05-07 | EPS (GAAP) | 0.53–0.58 | 0.32 | 11 | ||
| 2024-Q2 | 2024-05-07 | EPS (non-GAAP) | 0.55–0.6 | – | – | 11 | |
| 2024-Q2 | 2024-05-07 | U.S. comparable restaurant sales | 1.5% | – | – | 11 | |
| 2024-Q1 | 2024-02-23 | EPS (non-GAAP) | 0.7–0.75 | 0.64 | 9 | ||
| 2024-Q1 | 2024-02-23 | U.S. comparable restaurant sales | 0.5–2% | – | – | 9 | |
| FY2023 | 2023-11-03 | EPS (GAAP) | 2.7–2.79 | 2.56 | 8 | ||
| FY2023 | 2023-11-03 | EPS (non-GAAP) | 2.8–2.9 | 2.78 | 8 | ||
| FY2023 | 2023-11-03 | Tax rate | 10–11% | – | – | 8 | |
| FY2023 | 2023-11-03 | Capex | 260–280 | – | – | 8 | |
| FY2023 | 2023-11-03 | U.S. comparable restaurant sales | 1.5–2% | – | – | 8 | |
| 2023-Q4 | 2023-11-03 | EPS (GAAP) | 0.6–0.69 | 0.45 | 8 | ||
| 2023-Q4 | 2023-11-03 | EPS (non-GAAP) | 0.64–0.74 | 0.71 | 8 | ||
| 2023-Q4 | 2023-11-03 | U.S. comparable restaurant sales | 1% | – | – | 8 | |
| 2023-Q3 | 2023-08-01 | EPS (GAAP) | 0.39–0.44 | 0.45 | 6 | ||
| 2023-Q3 | 2023-08-01 | EPS (non-GAAP) | 0.41–0.46 | 0.41 | 6 | ||
| 2023-Q3 | 2023-08-01 | U.S. comparable restaurant sales | 0.5–1.5% | – | – | 6 | |
| 2023-Q2 | 2023-04-28 | EPS (GAAP) | 0.59–0.64 | 0.7 | 3 | ||
| 2023-Q2 | 2023-04-28 | EPS (non-GAAP) | 0.62–0.67 | 0.7 | 3 | ||
| 2023-Q2 | 2023-04-28 | U.S. comparable restaurant sales | 0.5–1.5% | – | – | 3 | |
| 2023-Q1 | 2023-02-16 | EPS (GAAP) | 0.81–0.86 | 0.93 | 1 | ||
| 2023-Q1 | 2023-02-16 | EPS (non-GAAP) | 0.85–0.9 | 0.98 | 1 | ||
| 2023-Q1 | 2023-02-16 | U.S. comparable restaurant sales | 3–5% | – | – | 1 |
Bloomin' Brands Stock: Price & Chart
Interactive price chart of Bloomin' Brands stock (TradingView) and the trend of key figures from the core tables; the chart loads only after a click and then connects to TradingView. NadirAlpha methodology
Daily candles with news and earnings markers. Loads only on click.
Bloomin' Brands Event Timeline
What happened at Bloomin' Brands since 2023: events from the filings, grouped by quarter, with the source date and a clickable source number. NadirAlpha methodology
2026 · 8 events
Total revenues up 1.3% to USD 1,015.8 million; U.S. combined comparable restaurant sales 2.3% vs. (0.1)% in the prior-year period 29 30
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 and productivity initiatives 29
Full-year 2026 diluted EPS guidance raised to $0.85 to $0.95 from prior $0.70 to $0.85; adjusted diluted EPS guidance raised to $0.90 to $1.00 from $0.75 to $0.90 29
“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.”
Total revenues up 1.0% to USD 1,059.7 million; U.S. comparable restaurant sales turned positive at 0.9% vs. a decline of 0.5% in Q1 2025 27
Restaurant-level operating margin improved to 14.0% from 13.9%, driven by higher average check and cost-saving initiatives, partially offset by higher commodity, operating and labor costs 27
Full-year fiscal 2026 guidance reaffirmed as previously communicated in the February 2026 earnings release 27
Operating income turned positive for the first time after 2 negative periods (-13.3 to +USD 59.1 million). 27
Net income turned positive for the first time after 2 negative periods (-13.5 to +USD 55.7 million). 27
2025 · 13 events
Net income turned positive for the first time after 1 negative fiscal year (-128.0 to +USD 8.2 million). 25
Operating income more than halved YoY (139.8 to USD 37.2 million, -73%). 25
“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.”
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
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
“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.”
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
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
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
“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.”
Combined U.S. traffic declined 2.0% year-over-year; Bonefish Grill experienced particularly sharp declines of 11.4% 22
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 diluted EPS decreased to $0.32 from $0.45 in Q2 2024 as higher costs offset pricing increases 21
“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.”
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
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
Fiscal 2025 full-year financial guidance reaffirmed as previously communicated in February 2025 19
2024 · 19 events
Operating income more than halved YoY (282.8 to USD 139.8 million, -51%). 17
“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.”
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
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
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 more than halved YoY (49.6 to USD 16.2 million, -67%). 17
“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.”
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
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
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 more than halved YoY (47.3 to USD 8.6 million, -82%). 15
“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.”
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
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
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
“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.”
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
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
Board announced strategic review of Brazil operations to evaluate alternatives including a possible sale, retaining BofA Securities as financial advisor 11
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
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
“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.”
Adjusted operating income margin declined 70 basis points to 7.5% from 8.2% in Q4 2022 9
2024 guidance initiated: adjusted diluted EPS of $2.51-$2.66; U.S. comparable restaurant sales flat to +2% 9
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
“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.”
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
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
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
“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.”
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
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
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
“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.”
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
Restaurant-level operating margin improved to 17.9% from 17.1% in Q1 2022 3
Bloomin' Brands Business Model
How Bloomin' Brands (BLMN) makes its money, summarised from the filings up to Q2 2026, neutral and without forecast. NadirAlpha methodology
Bloomin' Brands 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. Bloomin' Brands 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.
Bloomin' Brands Stock: Share-Price Drivers
What determines the business trajectory of Bloomin' Brands according to management, summarised from the reports up to Q2 2026. NadirAlpha methodology
Bloomin' Brands swung back to operating profits of USD 59.1 million and USD 38.3 million in the first two quarters of 2026 after operating losses of USD 36.4 million and USD 13.3 million in the back half of 2025, so the central question for the shares is whether the Outback turnaround sustains this margin recovery 26 23.
Bloomin' Brands launched a turnaround strategy in November 2025 with targeted investments in steak quality at Outback, its largest brand; the program is recent and traction is not yet confirmed in the segment data 26.
Bloomin' Brands completed its Strategic Re-Franchise and Brazil Sale Transaction, moving Brazil to a franchised model and introducing International Franchise revenue, which reduces owned-operation exposure 16 28.
Bloomin' Brands suspended its dividend in October 2025 and brought net debt lower, from USD 895.8 million in 2025-Q3 to USD 636.2 million in 2026-Q2, supported by free cash flow of USD 46.9 million in the latest quarter 23 30.
Bloomin' Brands rolled out the Joey-design Outback Steakhouse format and the Aussie Three Course menu in 2025; both are early-stage traffic levers whose traction is not yet separable in the reported figures 25.
Bloomin' Brands closed underperforming U.S. and Hong Kong restaurants and executed further closures in 2025, shrinking the owned footprint as part of the reset 24 16.
Adjusted operating income recovered to USD 41.1 million in 2026-Q2 from USD 7.8 million in 2025-Q3, indicating broadly improving unit economics 30 23.
Sector trend: Full-service casual-dining demand has been soft, keeping traffic and margins under pressure across the sector; Bloomin' Brands' own adjusted operating income moved higher into 2026, pointing to gradually stabilising unit economics rather than a broad sector upturn 30 23.
Bloomin' Brands Revenue by Type (as of 2026-Q2 · USD million · 2/6)
Where the revenue of Bloomin' Brands comes from: segments and product types with share, growth and margin, as of Q2 2026, older structures remain in the expandable part. NadirAlpha methodology
| Segment | Since | Revenue | Growth | Margin | Source |
|---|---|---|---|---|---|
| Period 2026-Q1 (3M) | |||||
| International Franchise | 2024-Q1 | 7.6 | – | – | 28 |
| U.S. | 2022-Q2 | 1,032.2 | – | 8.4% | 28 |
| Period 2024-Q1 (3M) | |||||
| International | 2022-Q2 | 152.2 | 0.7% | 10.4% | 12 |
| Period 2023-Q1 (3M) | |||||
| U.S. Company-owned | 2023-Q1 | 1,080.6 | – | – | 3 |
| International Company-owned | 2023-Q1 | 147.7 | – | – | 3 |
| Franchised | 2023-Q1 | 4.1 | – | – | 3 |
Bloomin' Brands Products & announcements (6/7 active+recent)
7 product announcements of Bloomin' Brands since 2023, grouped by year; active means still mentioned in the most recent reports, nothing is deleted. NadirAlpha methodology
Status: PlannedLaunchedStable
| Product/Line | Since | Status | Source |
|---|---|---|---|
| 2026 | |||
| Restaurant remodeling and equipment upgrades | 2026-03 | 28 | |
| 2025 | |||
| Turnaround strategy with targeted investments in steak quality at Outback | 2025-11 | 26 | |
| Dividend suspension | 2025-10 | 23 | |
| Joey design Outback Steakhouse format expansion | 2025 | 25 | |
| Aussie Three Course menu offering | 2025 | 25 | |
| 2023 | |||
| Quarterly cash dividend | 2023-08 | 21 | |
| 2024 | |||
| System-wide restaurant openings | 2024 | 9 | |
Bloomin' Brands Transactions & Events (10)
All recorded acquisitions, divestitures and exits of Bloomin' Brands, plus partnerships, contracts and regulatory events affecting the business, each with date and source. NadirAlpha methodology
Acquisitions by Bloomin' Brands
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2024 | |||
| Strategic Review of Brazil Operations | 2024-11 | Announced | 14 |
| 2023 | |||
| U.S. restaurant fill-in and expansion (NC, FL, TX, CA) | 2023 | Completed | 10 |
| Outback Steakhouse South Korea franchise expansion | 2023 | Completed | 10 |
| Brazil restaurant development and fill-in | 2023 | Completed | 10 |
Divestitures and exits by Bloomin' Brands
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2024 | |||
| Brazil operations sale | 2024-12 | Divested | 28 |
| Restaurant closures in Hong Kong | 2024-06 | Divested | 22 |
| 2023 | |||
| Close of 36 older, predominantly underperforming U.S. restaurants | 2023-12 | Divested | 16 |
| 2025 Restaurant Closures | 2023-12 | Divested | 24 |
| 2023 Closure Initiative | 2023-12 | Divested | 12 |
Partnerships and contracts of Bloomin' Brands
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2023 | |||
| Amended & Restated Holistic Agreement with Out West (75 Outback franchisees) | 2023-12 | Agreement | 17 |
Bloomin' Brands Risks (57 since the annual report of 2026-02-25, 181 tracked in total)
Which risks Bloomin' Brands has named since the annual report, company-specific first, generic standard risks in the expandable part; first mention refers to the document base from 2023. NadirAlpha methodology
Category: CyberMarketStrategyPeopleFinancialRegulatoryCompetitionSupply chainLegalCustomersESGMacroTechnologyGeopolitics
| Risk | Category | Last reported |
|---|---|---|
| Bloomin' Brands: first mention in 10-Q quarterly report of 2026-08-06 (2026-Q2), source 30 | ||
| Ability to protect information technology systems from interruption or security breach, including cybersecurity threats and consumer data protection | = | |
| Bloomin' Brands: first mention in 10-Q quarterly report of 2025-11-06 (2025-Q3), source 23 | ||
| Economic and geopolitical conditions, including tariff developments and international conflicts affecting consumer confidence and discretionary spending | 2026-Q2 2026-08-06 30 | |
| Bloomin' Brands: first mention in 10-Q quarterly report of 2023-11-03 (2023-Q3), source 7 | ||
| Ability to preserve and grow reputation and value of brands, particularly in light of turnaround plans and changes in consumer engagement with social media | 2026-Q2 2026-08-06 30 | |
| Bloomin' Brands: first mention in 8-K-EX99.1 earnings release of 2023-08-01 (2023-Q2), source 6 | ||
| Minimum wage increases, additional mandated employee benefits and fluctuations in cost and availability of employees | 2026-Q2 2026-08-06 30 | |
| Bloomin' Brands: first mention in 10-Q quarterly report of 2023-08-01 (2023-Q2), source 5 | ||
| Effects of leverage and restrictive covenants in various credit facilities on ability to raise capital, make capital expenditures and react to economic changes | 2026-Q2 2026-08-06 30 | |
| Bloomin' Brands: first mention in 10-Q quarterly report of 2023-05-02 (2023-Q1), source 4 | ||
| Ability to comply with governmental laws and regulations and effects of changes or uncertainty with respect to applicable laws and regulations | 2026-Q2 2026-08-06 30 | |
| Ability to compete in highly competitive restaurant industry with many well-established competitors and new market entrants | 2026-Q2 2026-08-06 30 | |
| Bloomin' Brands: first mention in 8-K-EX99.1 earnings release of 2023-04-28 (2023-Q1), source 3 | ||
| Fluctuations in price and availability of commodities, including supplier freight charges and dependence on limited number of suppliers | 2026-Q2 2026-08-06 30 | |
| Legal proceedings and potential unanticipated liabilities and impact of litigation on financial condition | 2026-Q2 2026-08-06 30 | |
| Bloomin' Brands: first mention in 10-K annual report of 2026-02-25 (FY2025), source 25 | ||
| Agreement with Out West franchisee expires December 27, 2026 with risk of lease payment defaults | = | |
| Centralized corporate systems in Tampa, Florida; disaster recovery procedures may not adequately address all threats | = | |
| Price and availability of commodities and other impacts of inflation and tariffs. | 2026-Q1 2026-05-06 27 | |
| AI tools used by vendors with access to proprietary information may cause data loss | = | |
| Negative publicity on social media could rapidly harm brand reputation | = | |
| Shifting stakeholder expectations on ESG practices could require operational changes and costs | = | |
| Future capital raising may not be available on favorable terms, potentially limiting funding for requirements | = | |
| Variable-rate debt exposure; 200 basis points increase would raise annual interest expense by $3.9 million | = | |
| Failure to maintain effective internal controls could impair financial reporting accuracy | = | |
| Inflationary conditions expected to continue with 4.5-5.5% commodity inflation in 2026 | = | |
| Adverse weather, natural disasters, pandemics could disrupt operations, supply chain, reduce traffic | = | |
| Stock price subject to wide fluctuations from operating results, dividend changes, analyst estimates | = | |
| Tight labor market and high turnover rates strain ability to maintain service quality | = | |
| Food-borne illness reports could reduce demand and increase costs | = | |
| Class action lawsuits for wage and hour violations could create material costs | = | |
| Minimum wage increases and employment regulations could increase labor costs | = | |
| Evolving state and international privacy laws impose compliance costs and litigation risk | = | |
| Casual dining faces competition from quick-service, fast-casual restaurants and supermarkets | = | |
| Bloomin' Brands: first mention in 10-Q quarterly report of 2025-11-06 (2025-Q3), source 23 | ||
| Significant goodwill and intangible assets; impairment risk from changes in fair value assumptions | FY2025 2026-02-25 25 | |
| Limited control over operations of franchisees and their compliance with brand standards; Brazil franchise agreements post-transaction | = | |
| Bloomin' Brands: first mention in 10-Q quarterly report of 2025-08-07 (2025-Q2), source 22 | ||
| Licensing, food safety and alcoholic beverage regulations require ongoing compliance | FY2025 2026-02-25 25 | |
| Bloomin' Brands: first mention in 8-K-EX99.1 earnings release of 2025-08-06 (2025-Q2), source 21 | ||
| Failure to execute turnaround strategy could limit growth opportunities | FY2025 2026-02-25 25 | |
| Bloomin' Brands: first mention in 10-K annual report of 2025-02-26 (FY2024), source 17 | ||
| Insurance programs with high deductibles; some losses not commercially reasonable to insure | FY2025 2026-02-25 25 | |
| Changes to accounting rules or standards could significantly affect reported financial results | FY2025 2026-02-25 25 | |
| Credit card data breaches could result in lost customers and legal liabilities | FY2025 2026-02-25 25 | |
| Bloomin' Brands: first mention in 10-Q quarterly report of 2024-05-08 (2024-Q1), source 12 | ||
| Effects of leverage and restrictive covenants in credit facilities on ability to raise capital and react to economic changes | 2026-Q1 2026-05-07 28 | |
| Bloomin' Brands: first mention in 8-K-EX99.1 earnings release of 2024-05-07 (2024-Q1), source 11 | ||
| Ability to make debt payments and comply with debt covenants | 2025-Q4 2026-02-25 26 | |
| Changes in tax laws could affect financial results | 2025-Q4 2026-02-25 26 | |
| Bloomin' Brands: first mention in 10-K annual report of 2024-02-28 (FY2023), source 10 | ||
| Franchisee financial difficulties could reduce royalty revenues and impact brand reputation | FY2025 2026-02-25 25 | |
| Labor costs increased 1.3% due to wage rate inflation pressuring operating margins | FY2025 2026-02-25 25 | |
| Subject to lawsuits for foodborne illness, food safety, premises liability, discrimination, wage violations; joint employer risk from franchisees | FY2025 2026-02-25 25 | |
| Inclement weather, climate change and pandemics could disrupt food supply | FY2025 2026-02-25 25 | |
| Unrecognized tax benefits of $17.0 million; subject to audit risk and Section 382 limitations on tax credits | FY2025 2026-02-25 25 | |
| Failure to maintain brand value and relevance could adversely affect sales growth | FY2025 2026-02-25 25 | |
| Bloomin' Brands: first mention in 8-K-EX99.1 earnings release of 2023-11-03 (2023-Q3), source 8 | ||
| Changes in patterns of consumer traffic, consumer tastes and dietary habits. | 2026-Q1 2026-05-06 27 | |
| Bloomin' Brands: first mention in 8-K-EX99.1 earnings release of 2023-08-01 (2023-Q2), source 6 | ||
| Company's ability to make debt payments and compliance with debt covenants. | 2026-Q1 2026-05-06 27 | |
| Changes in consumer tastes and dietary habits requiring response to maintain relationships with third-party delivery services | 2026-Q1 2026-05-07 28 | |
| Economic and geopolitical conditions including tariff developments and international conflicts affecting consumer confidence | 2026-Q1 2026-05-07 28 | |
| Competition in highly competitive restaurant industry with many well-established competitors and new market entrants | 2026-Q1 2026-05-07 28 | |
| Political, social and legal conditions in international markets affect operations | 2025-Q4 2026-02-25 26 | |
| Bloomin' Brands: first mention in 10-Q quarterly report of 2023-08-01 (2023-Q2), source 5 | ||
| International operations subject to foreign currency exchange rate fluctuations | FY2025 2026-02-25 25 | |
| Bloomin' Brands: first mention in 10-Q quarterly report of 2023-05-02 (2023-Q1), source 4 | ||
| Limited number of suppliers and distributors creates dependency risk | 2025-Q4 2026-02-25 26 | |
| Interruption or breach of systems or loss of consumer or employee information | 2025-Q4 2026-02-25 26 | |
| Bloomin' Brands: first mention in 8-K-EX99.1 earnings release of 2023-04-28 (2023-Q1), source 3 | ||
| Purchasing 80% of beef from four suppliers creates concentration risk | FY2025 2026-02-25 25 | |
| Political, social and legal conditions in international markets and their effects on foreign operations. | 2026-Q1 2026-05-06 27 | |
| Minimum wage increases and additional mandated employee benefits increasing labor costs and availability constraints | 2026-Q1 2026-05-07 28 | |
| Ability to protect information technology systems from cybersecurity threats and breaches of consumer and employee data | 2026-Q1 2026-05-07 28 | |
| Changes in consumer traffic, tastes and dietary habits impact sales | 2025-Q4 2026-02-25 26 | |
Bloomin' Brands Reported KPIs (as disclosed) (327)
Figures Bloomin' Brands discloses itself in addition to the standard financials, such as order intake, recurring revenue or unit counts, as reported and with no calculation of our own. NadirAlpha methodology
| KPI | Value / change | Source |
|---|---|---|
| Bloomin' Brands, published 2026-08-06, period 2026-Q2 | ||
| U.S. combined comparable restaurant sales | 2.3 % | 30 |
| Restaurant-level operating margin | 12.4 % | 30 |
| Outback Steakhouse comparable restaurant sales | 1.4 % | 30 |
| Operating income margin | 3.8 % | 30 |
| Cash and cash equivalents | 66.6 million | 30 |
| Capital expenditures estimate for | 185 million to 195 million | 30 |
| Available unused borrowing capacity | 774.2 million | 30 |
| Adjusted operating income margin | 5.0 % | 30 |
| Adjusted operating income margin | 4.0 % | 30 |
| Bloomin' Brands, published 2026-08-05, period 2026-Q2 | ||
| Restaurant-level operating margin | 12.4% | 29 |
| GAAP operating income margin | 3.8% | 29 |
| Adjusted operating income margin | 4.0% | 29 |
| Bloomin' Brands, published 2026-05-07, period 2026-Q1 | ||
| Traffic combined US | -1.8% | 28 |
| System-wide restaurants | 1,452 | 28 |
| Restaurant-level operating margin | 14.0% | 28 |
| operating income margin | 5.6% | 28 |
| franchised restaurants | 490 | 28 |
| estimated capital expenditures | 185-195 million | 28 |
| comparable restaurant sales Outback | -0.3% | 28 |
| comparable restaurant sales combined US | 0.9% | 28 |
| company owned restaurants | 962 | 28 |
| cash and cash equivalents | 71.3 million | 28 |
| average check per person combined US | 2.7% | 28 |
| available unused borrowing capacity | 728.7 million | 28 |
| Bloomin' Brands, published 2026-05-06, period 2026-Q1 | ||
| Restaurant-level operating margin | 14.0% | 27 |
| Bloomin' Brands, published 2026-02-25, period FY2025 | ||
| working capital deficit | $(609,008) | 25 |
| women operations leadership diversity pct | 39% | 25 |
| volunteer organizations | 13 | 25 |
| volunteer hours | 500 | 25 |
| US restaurant management turnover rate | 20% | 25 |
| US hourly team member turnover rate | 81% | 25 |
| US franchised restaurants | 276 | 25 |
| US company owned restaurants | 819 | 25 |
| unrecognized tax benefits | $17.0 million | 25 |
| unearned revenue gift cards | $377.9 million | 25 |
| trust paid out since | $2.8 million | 25 |
| Trust Beneficiaries Since | 2100 | 25 |
| Trade Names Carrying Value | $414.7 million | 25 |
| Total System-Wide Restaurants | 1460 | 25 |
| Restaurants Owned & Operated | 967 | 25 |
| Restaurants Franchised | 493 | 25 |
| People of Color Operations Leadership Diversity % | 34% | 25 |
| Outback Steakhouse Off-Premises Sales % | 25% | 25 |
| Outback Steakhouse In-Restaurant Sales % | 75% | 25 |
| Outback Steakhouse Franchised | 289 | 25 |
| Outback Steakhouse Company-Owned | 548 | 25 |
| Outback Food & Non-Alcoholic Beverage % | 92% | 25 |
| Outback Average Check per Person | $29 | 25 |
| Outback Alcoholic Beverage % | 8% | 25 |
| Operating Weeks Outback Steakhouse US | 28,816 | 25 |
| Operating Weeks Fleming's US | 3,391 | 25 |
| Operating Weeks Carrabba's US | 9,887 | 25 |
| Operating Weeks Bonefish US | 8,369 | 25 |
| International Franchise Restaurants | 355 | 25 |
| International Company-Owned Restaurants | 10 | 25 |
| Internal Promotions Managing Partner Training | 90% | 25 |
| interest rate swaps notional amount | $275.0 million | 25 |
| insurance claim liabilities | $64.5 million | 25 |
| goodwill carrying value | $185.1 million | 25 |
| Fleming's Prime Steakhouse company owned | 66 | 25 |
| Fleming's off-premises sales pct | 3% | 25 |
| Fleming's in-restaurant sales pct | 97% | 25 |
| Fleming's food & non-alcoholic beverage pct | 80% | 25 |
| Fleming's average check per person | $110 | 25 |
| Fleming's alcoholic beverage pct | 20% | 25 |
| current operating lease liabilities | $176.3 million | 25 |
| current liabilities | $878,646 | 25 |
| current assets | $269,638 | 25 |
| cash and cash equivalents | $59.5 million | 25 |
| Carrabba's off-premises sales pct | 34% | 25 |
| Carrabba's Italian Grill franchised | 17 | 25 |
| Carrabba's Italian Grill company owned | 187 | 25 |
| Carrabba's in-restaurant sales pct | 66% | 25 |
| Carrabba's food & non-alcoholic beverage pct | 90% | 25 |
| Carrabba's average check per person | $27 | 25 |
| Carrabba's alcoholic beverage pct | 10% | 25 |
| Bonefish off-premises sales pct | 17% | 25 |
| Bonefish in-restaurant sales % | 83% | 25 |
| Bonefish Grill franchised | 2 | 25 |
| Bonefish Grill company-owned | 156 | 25 |
| Bonefish food & non-alcoholic beverage % | 81% | 25 |
| Bonefish average check per person | $37 | 25 |
| Bonefish alcoholic beverage % | 19% | 25 |
| Beef supplier concentration | 80% | 25 |
| Average restaurant unit volumes Outback Steakhouse US | $4,008 | 25 |
| Average restaurant unit volumes Fleming's US | $6,071 | 25 |
| Average restaurant unit volumes Carrabba's US | $3,716 | 25 |
| Average restaurant unit volumes Bonefish US | $3,145 | 25 |
| available unused borrowing capacity | $693.7 million | 25 |
| Alcoholic beverage sales % | 11% | 25 |
| Bloomin' Brands, published 2026-02-25, period 2025-Q4 | ||
| Total revenues | $ 975.2 | 26 |
| Total revenues | $ 972.0 | 26 |
| Restaurant-level operating margin | 11.5% | 26 |
| Restaurant-level operating margin | 12.4% | 26 |
| GAAP operating loss margin | (1.4)% | 26 |
| GAAP operating income margin | 1.7% | 26 |
| Adjusted restaurant-level operating margin | 11.6% | 26 |
| Adjusted restaurant-level operating margin | 12.4% | 26 |
| Adjusted operating income margin | 3.4% | 26 |
| Adjusted operating income margin | 3.5% | 26 |
| Bloomin' Brands, published 2025-11-06, period 2025-Q3 | ||
| working capital deficit | $(423,171) | 23 |
| Unearned revenue unredeemed gift cards Sep 28 | $295.4 million | 23 |
| Unearned revenue unredeemed gift cards Dec 29 | $374.1 million | 23 |
| Current operating lease liabilities Sep 28 | $176.3 million | 23 |
| Current operating lease liabilities Dec 29 | $158.8 million | 23 |
| current liabilities | $774,420 | 23 |
| current assets | $351,249 | 23 |
| Carrying value of trade names | $414.7 million | 23 |
| Carrying value of Outback Steakhouse trade name | $287.0 million | 23 |
| Carrying value of goodwill Outback Steakhouse | $123.2 million | 23 |
| Carrying value of goodwill Bonefish Grill | $28.2 million | 23 |
| Carrying value of goodwill | $213.3 million | 23 |
| available unused borrowing capacity | $518.7 million | 23 |
| Total revenues | 928.8 | 24 |
| Restaurant-level operating margin | 9.2% | 24 |
| GAAP operating (loss) income margin | (3.9)% | 24 |
| Adjusted restaurant-level operating margin | 9.5% | 24 |
| Bloomin' Brands, published 2025-08-07, period 2025-Q2 | ||
| Unearned revenue gift cards | $308.4 million | 22 |
| System-wide total restaurants | 1,479 | 22 |
| System-wide total franchised | 494 | 22 |
| System-wide total company-owned | 985 | 22 |
| Outback Steakhouse trade name carrying value | $287.0 million | 22 |
| Outback Steakhouse goodwill carrying value | $123.2 million | 22 |
| Bonefish Grill goodwill carrying value | $28.2 million | 22 |
| Bloomin' Brands, published 2025-08-06, period 2025-Q2 | ||
| Total revenues | 1,002.4 million | 21 |
| Share repurchase authorization remaining | $96.8 million | 21 |
| Restaurant-level operating margin | 12.0% | 21 |
| Quarterly cash dividend per share | $0.15 | 21 |
| GAAP operating income margin | 3.0% | 21 |
| Adjusted restaurant-level operating margin | 12.0% | 21 |
| Adjusted operating income margin | 3.5% | 21 |
| Bloomin' Brands, published 2025-05-08, period 2025-Q1 | ||
| Restaurant-level operating margin | 13.9% | 20 |
| operating income margin | 5.5% | 20 |
| Comparable restaurant sales US combined | (0.5)% | 20 |
| Comparable restaurant sales Outback Steakhouse | (1.3)% | 20 |
| cash and cash equivalents | 57.7 million | 20 |
| Available borrowing capacity | 583.7 million | 20 |
| Adjusted restaurant level operating margin | 13.9% | 20 |
| Adjusted operating income margin | 6.1% | 20 |
| Bloomin' Brands, published 2025-05-07, period 2025-Q1 | ||
| Total revenues | $1,049.6 million | 19 |
| Restaurant-level operating margin | 13.9% | 19 |
| GAAP operating income margin | 5.5% | 19 |
| Diluted earnings per share | $0.50 | 19 |
| Adjusted restaurant-level operating margin | 13.9% | 19 |
| Adjusted operating income margin | 6.1% | 19 |
| Bloomin' Brands, published 2025-02-26, period FY2024 | ||
| Trade names | $414.7 | 17 |
| Total restaurants | 1,463 | 17 |
| Labor and related cost pct | 31.1% | 17 |
| franchised restaurants | 291 | 17 |
| Food and beverage cost pct | 29.7% | 17 |
| company owned restaurants | 1,172 | 17 |
| Cash and equivalents | $70.1 | 17 |
| Available revolving credit | $474.0 | 17 |
| Bloomin' Brands, published 2025-02-26, period 2024-Q4 | ||
| Quarterly cash dividend per share | $0.15 | 18 |
| Number of new franchised restaurants | Approximately 30 | 18 |
| Number of new company-owned restaurants | 18 to 20 | 18 |
| Labor inflation | 4% to 5% | 18 |
| Effective income tax rate | Close to 0% | 18 |
| Commodity inflation | 2.5% to 3.5% | 18 |
| Capital expenditures | $190M to $210M | 18 |
| Bloomin' Brands, published 2024-11-08, period 2024-Q3 | ||
| cash and cash equivalents | 83.6 million | 15 |
| available unused borrowing capacity | 407.2 million | 15 |
| Total revenues | 1,038.8 | 16 |
| Restaurant-level operating margin | 12.5% | 16 |
| Adjusted restaurant-level operating margin | 12.5% | 16 |
| Bloomin' Brands, published 2024-08-07, period 2024-Q2 | ||
| Comparable restaurant sales Outback US 13 weeks | (0.1)% | 14 |
| Comparable restaurant sales Outback Brazil 13 weeks | (1.1)% | 14 |
| Comparable restaurant sales combined US 13 weeks | (0.1)% | 14 |
| cash and cash equivalents | $117.9 million | 14 |
| Capital expenditure estimate | $260 million to $270 million | 14 |
| Average restaurant unit volumes Outback US weekly | $78,698 | 14 |
| Average restaurant unit volumes Outback Brazil weekly | $55,282 | 14 |
| Average restaurant unit volumes Fleming's US weekly | $107,399 | 14 |
| Average restaurant unit volumes Carrabba's US weekly | $69,942 | 14 |
| Average restaurant unit volumes Bonefish US weekly | $63,760 | 14 |
| available unused borrowing capacity | $297.2 million | 14 |
| Bloomin' Brands, published 2024-08-06, period 2024-Q2 | ||
| Total revenues | 1,118.9 | 13 |
| Share repurchases YTD | 9.9 million shares for $263.1 million | 13 |
| Restaurant-level operating margin | 14.3 % | 13 |
| Dividend per share | $0.24 | 13 |
| Comparable restaurant sales (company-owned) | (0.1) % | 13 |
| Bloomin' Brands, published 2024-05-08, period 2024-Q1 | ||
| Total revenues decrease | (4.0)% | 12 |
| Restaurant level operating margin | 16.0% | 12 |
| Operating income margin | 6.4% | 12 |
| Operating income | 77,093 | 12 |
| Comparable restaurant sales US combined | (1.6)% | 12 |
| Comparable restaurant sales Outback Steakhouse | (1.2)% | 12 |
| Cash and cash equivalents | 131.7 million | 12 |
| Average restaurant unit volumes weekly Outback Steakhouse | $83,012 | 12 |
| Average restaurant unit volumes weekly Fleming Prime | $115,580 | 12 |
| Average weekly unit volumes Carrabba's Italian Grill | $72,325 | 12 |
| Average weekly unit volumes Bonefish Grill | $66,661 | 12 |
| Available unused borrowing capacity | 346.7 million | 12 |
| Adjusted restaurant-level operating margin | 16.0% | 12 |
| Bloomin' Brands, published 2024-05-07, period 2024-Q1 | ||
| Total revenues | 1,195.3 | 11 |
| Restaurant-level operating margin | 16.0% | 11 |
| GAAP operating income margin | 6.4% | 11 |
| Comparable restaurant sales (Company-owned Outback) | (1.2)% | 11 |
| Comparable restaurant sales (Company-owned Fleming's) | (2.0)% | 11 |
| Comparable restaurant sales (Company-owned Carrabba's) | 0.4% | 11 |
| Comparable restaurant sales (Company-owned Bonefish) | (4.9)% | 11 |
| Adjusted restaurant-level operating margin | 16.0% | 11 |
| Bloomin' Brands, published 2024-02-28, period FY2023 | ||
| Women in internal promotions | 42% | 10 |
| US restaurant management turnover rate | 22% | 10 |
| US Outback off-premises sales | 26% | 10 |
| US Outback in-restaurant sales | 74% | 10 |
| US Outback food & non-alcoholic beverage | 92% | 10 |
| US Outback average check | $28 | 10 |
| US Outback alcoholic beverage | 8% | 10 |
| US hourly team member turnover rate | 91% | 10 |
| US franchised restaurants | 152 | 10 |
| US Fleming's off-premises sales | 5% | 10 |
| US Fleming's in-restaurant sales | 95% | 10 |
| US Fleming's food & non-alcoholic beverage | 79% | 10 |
| US Fleming's average check | $100 | 10 |
| US Fleming's alcoholic beverage | 21% | 10 |
| US company owned restaurants | 1,150 | 10 |
| US Carrabba's off-premises sales | 33% | 10 |
| US Carrabba's in-restaurant sales | 67% | 10 |
| US Carrabba's food & non-alcoholic beverage | 90% | 10 |
| US Carrabba's average check | $25 | 10 |
| US Carrabba's alcoholic beverage | 10% | 10 |
| US Bonefish off-premises sales | 16% | 10 |
| US Bonefish in-restaurant sales | 84% | 10 |
| US Bonefish food & non-alcoholic beverage | 81% | 10 |
| US Bonefish average check | $34 | 10 |
| US Bonefish alcoholic beverage | 19% | 10 |
| US beef supplier concentration | more than 95% from four suppliers | 10 |
| US alcoholic beverage sales percentage | 11% | 10 |
| unrecognized tax benefits | $16.7 million | 10 |
| unearned revenue gift cards | $381.9 million | 10 |
| Trust team members benefited since | over 1,500 | 10 |
| Trust payments since | approximately $2.2 million | 10 |
| Total System-Wide Restaurants | 1,480 | 10 |
| Total restaurants system-wide | 1,480 | 10 |
| Restaurant support center women | 61% | 10 |
| Restaurant support center people of color | 23% | 10 |
| Remodels completed | more than 100 | 10 |
| Planned Outback Steakhouse openings | approximately 15 | 10 |
| Planned new system-wide locations | approximately 40 to 45 | 10 |
| Planned Brazil locations | approximately half | 10 |
| People of color in internal promotions | 29% | 10 |
| Outback Steakhouse US Franchised | 126 | 10 |
| Outback Steakhouse US Company Owned | 562 | 10 |
| Outback Steakhouse South Korea Franchised | 92 | 10 |
| Outback Steakhouse Opened | 6 | 10 |
| Outback Steakhouse Brazil Company Owned | 155 | 10 |
| Operations Leadership Women | 40% | 10 |
| Operations Leadership People of Color | 32% | 10 |
| Net Indebtedness | $780.7 million | 10 |
| International Outback Brazil Off-Premises Sales | 14% | 10 |
| International Outback Brazil In-Restaurant Sales | 86% | 10 |
| International Outback Brazil Food & Non-Alcoholic Beverage | 92% | 10 |
| International Outback Brazil Average Check Local | R$64 | 10 |
| International Outback Brazil Average Check | $13 | 10 |
| International Outback Brazil Alcoholic Beverage | 8% | 10 |
| International Other Franchised | 47 | 10 |
| International Other Company Owned | 36 | 10 |
| International Franchised Restaurants | 139 | 10 |
| International Company-Owned Restaurants | 191 | 10 |
| Internal Promotions to Manager in Training and Partner Programs | approximately 91% | 10 |
| Insurance Claim Liability | $45.9 million | 10 |
| Hourly Team Members Women | 52% | 10 |
| hourly team members people of color | 50% | 10 |
| franchised restaurants | 291 | 10 |
| Fleming's Prime Steakhouse US company-owned | 64 | 10 |
| Fleming's Prime US company-owned | 64 | 10 |
| expected commodity inflation | 3% to 4% | 10 |
| corporate personnel international | more than 250 | 10 |
| corporate personnel | approximately 750 | 10 |
| consolidated alcoholic beverage sales percentage | 11% | 10 |
| company owned restaurants | 1,189 | 10 |
| community service organizations | 16 | 10 |
| community service hours | over 800 | 10 |
| Cash and equivalents | $111.5 million | 10 |
| Carrabba's Italian Grill US franchised | 19 | 10 |
| Carrabba's Italian Grill US company-owned | 198 | 10 |
| Carrabba's Italian Grill US franchised | 19 | 10 |
| Carrabba's Italian Grill US company-owned | 198 | 10 |
| Brazil pork supplier concentration | more than 80% from four suppliers | 10 |
| Brazil pork marketplace concentration | more than 45% | 10 |
| Bonefish Grill US franchised | 6 | 10 |
| Bonefish Grill US company-owned | 170 | 10 |
| available unused borrowing capacity | $599.2 million | 10 |
| Aussie Grill US franchised | 1 | 10 |
| Aussie Grill US company-owned | 4 | 10 |
| Bloomin' Brands, published 2024-02-23, period 2023-Q4 | ||
| Total revenues | 1,194.2 million | 9 |
| Restaurant-level operating margin | 16.4% | 9 |
| number of new system-wide restaurants | 40 to 45 | 9 |
| GAAP operating income margin | 4.8% | 9 |
| Commodity inflation | 3% to 4% | 9 |
| Capital expenditures | $270M to $290M | 9 |
| Adjusted restaurant-level operating margin | 15.9% | 9 |
| Adjusted operating income margin | 7.5% | 9 |
| Bloomin' Brands, published 2023-11-03, period 2023-Q3 | ||
| Total revenues | $1,079.8 million | 8 |
| Restaurant-level operating margin | 13.8% | 7 |
| Operating income margin | 5.4% | 7 |
| Diluted earnings per share | $0.45 | 7 |
| Cash and cash equivalents | $86.6 million | 7 |
| Available unused borrowing capacity | $590.2 million | 7 |
| Adjusted restaurant-level operating margin | 14.0% | 7 |
| Adjusted operating income margin | 5.3% | 7 |
| Adjusted diluted EPS | $0.44 | 7 |
| Bloomin' Brands, published 2023-08-01, period 2023-Q2 | ||
| System-wide total restaurants | 1,475 | 5 |
| Restaurant-level operating margin | 16.4% | 5 |
| operating income margin | 7.8% | 5 |
| franchised restaurants | 289 | 5 |
| Diluted EPS | $0.70 | 5 |
| Comparable restaurant sales - U.S. | 0.8% | 5 |
| Comparable restaurant sales Outback Steakhouse | 0.6% | 5 |
| company owned restaurants | 1,186 | 5 |
| cash and cash equivalents | 88.8 million | 5 |
| Available borrowing capacity | 615.2 million | 5 |
| Adjusted diluted EPS - 26 weeks | $1.72 | 5 |
| Adjusted diluted EPS - 13 weeks | $0.74 | 5 |
| Restaurant-level operating margin | 16.4 | 6 |
| Operating income margin | 7.8 | 6 |
| Bloomin' Brands, published 2023-05-02, period 2023-Q1 | ||
| Restaurant-level operating margin | 17.9% | 4 |
| Operating income margin | 9.7% | 4 |
| Avg. restaurant unit volumes - U.S. Outback Steakhouse (weekly) | $84,506 | 4 |
| Avg. restaurant unit volumes - U.S. Fleming's Prime Steakhouse & Wine Bar (weekly) | $121,625 | 4 |
| Avg. restaurant unit volumes - U.S. Carrabba's Italian Grill (weekly) | $72,687 | 4 |
| Avg. restaurant unit volumes - U.S. Bonefish Grill (weekly) | $70,146 | 4 |
| Avg. restaurant unit volumes - International Outback Steakhouse - Brazil (weekly) | $63,170 | 4 |
| Bloomin' Brands, published 2023-04-28, period 2023-Q1 | ||
| Restaurant-level operating margin | 17.9 | 3 |
| operating income margin | 9.7 | 3 |
| Q1 comparable restaurant sales - combined U.S. | 5.1 (USD %) | 3 |
Bloomin' Brands Development
How Bloomin' Brands has developed since 2023: one paragraph per period on revenue, earnings, cash flow and drivers, most recent period first, grouped by year. NadirAlpha methodology
FY2026: Bloomin' Brands
Bloomin' Brands posted total revenues of 1,059.7 million in Q1 2026, up 1.0% year-on-year, and 1,015.8 million in Q2 2026, up 1.3%, with comparable restaurant sales growth as the primary driver in both periods 27 29. Operating income was 59.1 million in Q1 2026 and 38.3 million in Q2 2026, while restaurant-level operating margins were higher year-on-year in both quarters, supported by higher average check per person and productivity initiatives 27 29. Diluted earnings per share from continuing operations reached 0.65 in Q1 2026 and 0.36 in Q2 2026, with adjusted diluted EPS of 0.67 and 0.39 respectively 27 29. Following the stronger first-half performance, Bloomin' Brands raised its full-year 2026 diluted EPS guidance to $0.85 to $0.95 and adjusted diluted EPS guidance to $0.90 to $1.00 in August 2026 29. The system-wide restaurant count declined from 1,479 as of June 2025 to 1,448 as of June 2026, reflecting continued portfolio rationalization alongside the Outback Steakhouse turnaround strategy announced in November 2025 28 30.
FY2025: Bloomin' Brands
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
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
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).
Glossary
- Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
- Op. income: The operating line of the income statement; EBIT only as a marked fallback, never pre-tax or ordinary income.
- Op. income (adj.): Adjusted operating income, verbatim and company-defined (non-GAAP), never derived.
- Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
- EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
- EPS adj.: Adjusted earnings per share, verbatim and company-defined (non-GAAP).
- FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
- OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
- Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
- Net Debt: Net debt = financial debt excluding lease liabilities minus cash at the same reporting date; the company's own net position may differ.
- *: derived, the formula is in the hover
- ≈: calculated, approximation
- ~: uncertain; the value stays visible, verdicts do not use it
- °: repaired by a targeted query against the document, or curated with documentary evidence
- EBIT: EBIT as a fallback: the income statement carries no operating line
- basic: basic earnings per share as a fallback when diluted is missing
Sources: quarterly reports, annual reports and investor relations documents
All original documents NadirAlpha used for this report on Bloomin' Brands stock: quarterly and annual reports, earnings releases and investor relations documents, sorted by publication, the document type is the link. NadirAlpha methodology
Older sources (+17)
| # | Document type | Published |
|---|---|---|
| #203 | 10-K annual report | 2016-05-03 |
| #201 | 10-Q quarterly report | 2016-08-03 |
| #206 | 10-K annual report | 2017-02-22 |
| #204 | 10-Q quarterly report | 2017-05-02 |
| #205 | 10-Q quarterly report | 2017-08-01 |
| #202 | 10-Q quarterly report | 2017-11-03 |
| #208 | 10-K annual report | 2018-02-28 |
| #207 | 10-Q quarterly report | 2018-08-02 |
| #210 | 10-K annual report | 2019-02-27 |
| #209 | 10-Q quarterly report | 2019-08-02 |
| #214 | 10-K annual report | 2020-02-26 |
| #211 | 10-Q quarterly report | 2020-05-21 |
| #212 | 10-Q quarterly report | 2020-07-31 |
| #213 | 10-Q quarterly report | 2020-10-30 |
| #215 | 10-Q quarterly report | 2021-04-30 |
| #216 | 10-Q quarterly report | 2021-08-05 |
| #217 | 10-Q quarterly report | 2021-11-03 |
Bloomin' Brands Stock 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.
Which additional key figures does Bloomin' Brands report?
As reported for Q2 2026: Restaurant-level operating margin, GAAP operating income margin, Adjusted operating income margin, Operating income margin, Available unused borrowing capacity, U.S. combined comparable restaurant sales. The chapter Reported KPIs lists every value with its source. Revenue is broken down by International Franchise, U.S. Company-owned, International Company-owned, Franchised.
Does Bloomin' Brands 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?
NadirAlpha links all 47 original filings used (SEC filings) in the sources chapter: earnings release, quarterly report, annual report, each with type, publication date and a direct link; every figure in the report carries a source number.