Bloomin' Brands, Inc.

Listed Company

BLMNCIK 0001546417NasdaqLarge AcceleratedRetail-Eating PlacesDelawareFY ends Dec 27

Period

FY 2025

Revenue

$3.96B

Net Income

$8.24M

Total Assets

$3.17B

Equity

$333.60M

Shares Out

85.23M

Op. Cash Flow

$276.69M

Business

Bloomin’ Brands, Inc. is a casual dining restaurant company that operates and franchises multiple differentiated concepts. It offers full-service dining focused on steaks, Italian cuisine, seafood and fine dining through brands including Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The company organizes its operations into U.S. and international franchise segments, operating both company-owned restaurants and franchised locations. It serves customers through on-premises dining, off-premises channels and digital ordering, and expands via company development and franchise partnerships across domestic and international markets.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	3,956	3,950	4,168	4,009	4,122
Food and beverage	1,177	1,148	1,240	1,237	1,230
Labor and other related	1,238	1,203	1,220	1,142	1,155
Other restaurant operating	1,014	1,001	989	955	1,006
Depreciation and amortization	178	176	169	150	163
General and administrative	238	219	234	213	246
Provision for impaired assets and restaurant closings	45	64	34	—	—
Goodwill impairment	28	0	0	—	—
Total costs and expenses	3,919	3,811	3,885	3,703	3,813
Income from operations	37	140	283	306	309
Loss on extinguishment of debt	0	−136	0	−108	—
Interest expense, net	−45	−63	−52	−53	−58
(Loss) income before (benefit) provision for income taxes	−8	−59	231	—	—
(Benefit) provision for income taxes	−27	−12	18	34	26
Loss from equity method investment, net of tax	−5	0	0	—	—
Net income (loss) from continuing operations	14	−47	213	93	—
(Loss) income from discontinued operations, net of tax	−537,000	−76	42	—	—
Net income (loss)	13	−123	254	109	223
Less: net income attributable to noncontrolling interests	5	5	7	7	7
Net income (loss) attributable to Bloomin Brands	8	−128	247	102	216
Foreign currency translation, net of reclassification adjustments	4	−34	8	—	—
Reclassification of foreign currency translation adjustments into earnings due to sale of business	218	0	0	—	—
Net gain (loss) on derivatives, net of tax	467,000	−6,000	−615,000	11	—
Comprehensive income (loss)	235	−157	261	130	228
Less: comprehensive income attributable to noncontrolling interests	5	5	7	7	7
Comprehensive income (loss) attributable to Bloomin Brands	230	−163	254	123	221
Continuing operations (in USD per share)	0.1	−0.61	2.36	0.97	—
Discontinued operations (in USD per share)	−0.01	−0.88	0.48	0.18	—
Net basic earnings (loss) per share (in USD per share)	0.1	−1.49	2.84	1.15	2.42
Continuing operations (in USD per share)	0.1	−0.61	2.13	0.87	—
Discontinued operations (in USD per share)	−0.01	−0.88	0.43	0.16	—
Net diluted earnings (loss) per share (in USD per share)	0.1	−1.49	2.56	1.03	2
Basic (shares)	85	86	87	89	89
Diluted (shares)	85	86	96	99	108

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	59	70	112	85	88
Inventories	61	69	63	78	79
Other current assets, net	149	159	138	184	185
Current assets of discontinued operations held for sale	0	23	28	—	—
Total current assets	270	321	343	347	353
Property, fixtures and equipment, net	913	949	928	914	842
Operating lease right-of-use assets	979	1,013	1,031	1,103	1,131
Goodwill	185	213	213	273	268
Intangible assets, net	425	429	433	448	453
Deferred income tax assets, net	225	186	155	153	168
Equity method investment	64	0	—	—	—
Other assets, net	111	74	60	82	79
Non-current assets of discontinued operations held for sale	0	201	260	—	—
Total assets	3,172	3,385	3,424	3,320	3,294
Accounts payable	138	153	156	184	168
Current operating lease liabilities	176	159	164	184	—
Accrued and other current liabilities	186	178	—	—	—
Unearned revenue	378	374	380	394	399
Current liabilities of discontinued operations held for sale	0	88	105	—	—
Total current liabilities	879	952	1,002	979	985
Non-current operating lease liabilities	1,046	1,089	1,087	1,149	1,179
Deferred income tax liabilities, net	9	34	0	—	—
Long-term debt, net	787	1,027	781	829	782
Other long-term liabilities, net	113	93	83	91	125
Non-current liabilities of discontinued operations held for sale	0	50	59	—	—
Total liabilities	2,835	3,245	3,012	3,047	3,071
Commitments and contingencies (Note 17)	—	—	—	—	—
Preferred stock, $0.01 par value, 25,000,000 shares authorized; no shares issued and outstanding as of December 28, 2025 and December 29, 2024	0	0	0	0	0
Common stock, $0.01 par value, 475,000,000 shares authorized; 85,221,767 and 84,854,768 shares issued and outstanding as of December 28, 2025 and December 29, 2024, respectively	852,000	849,000	870,000	877,000	893,000
Additional paid-in capital	1,241	1,273	1,115	1,162	1,120
Accumulated deficit	−918	−926	−529	−706	−698
Accumulated other comprehensive income (loss)	9	−213	−178	−185	−206
Total Bloomin Brands stockholders equity	334	136	409	271	216
Noncontrolling interests	4	4	3	3	6
Total stockholders equity	337	139	412	274	223
Total liabilities and stockholders equity	3,172	3,385	3,424	3,320	3,294

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of deferred gift card sales commissions	21	23	24	24	26
Stock-based compensation expense	8	7	12	16	24
Deferred income tax benefit	−38	−30	−8	11	−3
Loss (gain) on foreign currency forward contracts	26	−16	0	0	—
Foreign currency translation gain on installment receivable from sale of business	−17	0	0	—	—
Other, net	673,000	−723,000	−864,000	3	−2
Decrease (increase) in inventories	6	−7	3	2	−18
(Increase) decrease in other current assets	−16	−43	11	−44	−58
Decrease (increase) in other assets	363,000	−4	4	−2	−2
(Decrease) increase in accounts payable and accrued and other current liabilities	−3	−31	14	—	—
Increase (decrease) in unearned revenue	4	−6	−13	−5	17
Increase (decrease) in operating lease liabilities	4	−11	−10	—	—
Increase in other long-term liabilities	10	6	4	−4	−9
Net cash provided by operating activities of continuing operations	276	216	454	348	—
Net cash provided by operating activities of discontinued operations	748,000	12	78	43	—
Net cash provided by operating activities	277	228	532	391	402
Proceeds from disposal of property, fixtures and equipment	381,000	6	3	2	9
Proceeds received from company-owned life insurance	0	0	3	16	9
Capital expenditures	−180	−221	−282	−193	−123
(Payments on) proceeds from foreign currency forward contracts	−26	15	0	—	—
Cash received from sale, net of tax withheld and cash left in business	208	0	0	—	—
Other investments, net	1	650,000	1	827,000	−507,000
Net cash provided by (used in) investing activities of continuing operations	4	−199	−275	−174	—
Net cash used in investing activities of discontinued operations	−2	−40	−42	−27	—
Net cash provided by (used in) investing activities	2	−239	−317	−201	−105
Proceeds from borrowings on revolving credit facilities	1,260	2,265	1,079	1,240	470
Repayments of borrowings on revolving credit facilities	−1,480	−1,936	−1,128	−890	−837
Financing fees	0	−9	0	−1	−6
Repayments of finance lease obligations	−3	−2	−2	—	—
Principal settlements and repurchase of convertible senior notes	−21	−2	−214,000	−197	0
Proceeds from retirement of convertible senior note hedges	0	118	0	132	0
Payments for retirement of warrants	−399,000	−102	0	−115	0
(Payments of taxes) proceeds from share-based compensation, net	−1	−2	25	13	10
Distributions to noncontrolling interests	−7	−7	−9	−9	−9
Contributions from noncontrolling interests	1	3	2	1	1
Repurchase of common stock	0	−266	−71	−109	0
Cash dividends paid on common stock	−38	−83	−84	−50	0
Other	−100,000	−100,000	−100,000	—	—
Net cash used in financing activities of continuing operations	−289	−23	−187	−195	—
Net cash used in financing activities of discontinued operations	−65,000	−990,000	−269,000	−151,000	—
Net cash used in financing activities	−289	−24	−187	−196	−317
Effect of exchange rate changes on cash and cash equivalents	−313,000	−10	1	1	−2
Net (decrease) increase in cash and cash equivalents	−11	−44	30	−4	−21
Cash paid for interest	59	60	51	39	47
Capital expenditures included in current liabilities	13	30	39	—	—
Shares issued on settlement of convertible senior notes	0	216	0	0	—
Shares received and retired on exercise of call option under bond hedge upon settlement of convertible senior notes	0	−8	0	0	—

Filings

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