Bloomin' Brands Inc
NASDAQ:BLMN

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Bloomin' Brands Inc Logo
Bloomin' Brands Inc
NASDAQ:BLMN
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Price: 6.99 USD -1.41% Market Closed
Market Cap: 595.7m USD

Bloomin' Brands Inc
Investor Relations

Bloomin' Brands Inc., a staple in the casual dining sector, crafts its narrative through a robust portfolio of restaurant chains that have become household names. At the heart of this culinary empire are its flagship brands: Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar. Each brand brings a distinct cultural and gastronomic flair, from the laid-back Australian charm of Outback to the Italian zest of Carrabba’s. This diversity allows Bloomin' Brands to capture a wide audience, catering to different tastes and dining experiences, whether it's a family dinner, a romantic night out, or a corporate lunch.

Behind the inviting ambiance and satisfying meals lies a well-oiled business machine focused on operational excellence and customer satisfaction. Bloomin' Brands generates revenue primarily through dine-in services, but it has also adeptly navigated the evolving landscape by enhancing its takeout and delivery options. Moreover, strategic menu pricing, marketing campaigns, and loyalty programs are smart mechanisms that bolster repeat visits and customer engagement. The company is constantly refining its supply chain to improve costs and ensure consistent quality, thus maintaining a competitive edge in a crowded market. Through these ventures, Bloomin' Brands continues to tell a story of resilience and adaptation, thriving in a highly competitive industry by serving not just food but enjoyable experiences.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Sales Momentum: All four brands saw positive same-store sales growth in Q3, with U.S. comps up 120 bps and Outback returning to positive comps for the first time since Q2 2023.

Turnaround Strategy: Management detailed a multi-year turnaround plan focused on Outback, involving $75 million in investments and $80 million in non-guest-facing productivity savings through 2028.

Guidance Raised: Full-year U.S. comp sales and adjusted EPS guidance were both increased, reflecting better-than-expected Q3 performance and continued Q4 trends.

Operational Improvements: Menu simplification, leadership changes, and enhanced value offers like the Aussie 3-Course are driving improved guest metrics and execution.

Marketing Shift: Increased marketing spend is planned, with a move from 70% linear TV to 60% digital to better reach target audiences, especially younger cohorts.

Restaurant Refresh: Nearly all Outback locations will be refreshed by 2028 at an average cost of $400,000 per unit, prioritizing guest-facing improvements.

Store Closures & Capital Allocation: 21 underperforming restaurants were closed and 22 leases will not be renewed; dividend suspended to prioritize investment in the turnaround and debt reduction.

Key Financials
Revenue
$929 million
U.S. Comparable Restaurant Sales
up 120 basis points
Outback Comparable Sales
up 40 basis points
Outback Traffic
flat
Carrabba's Comparable Sales
up 410 basis points
Carrabba's Traffic
up 60 basis points
Bonefish Comparable Sales
up 80 basis points
Bonefish Traffic
down 170 basis points
Fleming's Comparable Sales
up 120 basis points
Fleming's Traffic
down 120 basis points
Off-Premises Sales (U.S.)
24% of total U.S. sales
Outback Off-Premises Mix
26% of sales
Carrabba's Off-Premises Mix
34% of sales
Average Check Increase
up 1.3%
Diluted Loss Per Share
-$0.54
Adjusted Diluted Loss Per Share
-$0.03
Adjusted Operating Margin
0.8%
COGS Inflation
4.9%
Labor Inflation
3.3%
Total Debt Net of Cash
$896 million
Lease Adjusted Net Leverage
4.3x
Net Debt to Adjusted EBITDA
2.9x
Brazil Refranchising Proceeds (Second Installment)
$122 million
Adjusted Tax Benefit
$10 million to $12 million
Capital Expenditures
$190 million
Q4 Adjusted Diluted EPS Guidance
$0.23 to $0.28
Pricing
up 3.7% (Q3)
Mix
down 2%
Earnings Call Recording
Other Earnings Calls

Management

Ms. Kelly M. Lefferts
Executive VP, Chief Legal Officer & Secretary
No Bio Available
Mr. Michael Spanos
CEO & Director
No Bio Available
Mr. William Michael Healy
CFO & Executive VP of Global Business Development
No Bio Available
Mr. Philip Pace
Senior VP & Chief Accounting Officer
No Bio Available
Tara Kurian
Vice President of Corporate Financial & Investor Relations
No Bio Available
Mr. Gagan Sinha
Chief Information Officer
No Bio Available
Ms. Suzann Trevisan
Senior VP & Chief Human Resources Officer
No Bio Available
Mr. Mark Graff
Executive VP and President of Bonefish Grill & Fine Dining
No Bio Available
Mr. Pierre Albert Berenstein
Executive VP & Chief Customer Officer
No Bio Available
Ms. Lissette Gonzalez
Executive VP and Chief Supply Chain & Operations Excellence Officer
No Bio Available

Contacts

Address
FLORIDA
Tampa
2202 N West Shore Blvd Ste 500
Contacts