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Bloomin鈥� Brands Announces 2025 Q2 Financial Results

Q2 Diluted EPS of $0.29 and Q2 Adjusted Diluted EPS of $0.32

TAMPA, Fla.--(BUSINESS WIRE)-- Bloomin鈥� Brands, Inc. (Nasdaq: BLMN) today reported results for the second quarter 2025 (鈥淨2 2025鈥�) compared to the second quarter 2024 (鈥淨2 2024鈥�).

CEO Comments
鈥淲e are making progress to build a high capability team that is guest centric with an operational mindset,鈥� said Mike Spanos, CEO. 鈥淥ur restaurant teams are focused on consistency of execution, and we remain committed to turning around Outback to deliver sustainable and profitable growth.鈥�

Diluted EPS and Adjusted Diluted EPS
The following table reconciles Diluted earnings per share from continuing operations to Adjusted diluted earnings per share from continuing operations for the periods indicated (unaudited):

Second Quarter Financial Results from Continuing Operations

• The increase in Total revenues was primarily due to the net impact of restaurant openings and closures partially offset by lower franchise revenues.

• GAAP operating income margin decreased from Q2 2024 primarily due to: (i) a decrease in restaurant-level operating margin, as detailed below, (ii) costs incurred as a result of transformational and restructuring activities and (iii) costs associated with the foreign currency forward contracts. These decreases were partially offset by the lapping of Q2 2024 impairment and closure costs in connection with certain restaurant closures.

• Restaurant-level operating margin decreased from Q2 2024 primarily due to: (i) higher labor, commodity and operating costs, mainly due to inflation, (ii) higher insurance expense and (iii) unfavorable product cost mix. These decreases were partially offset by: (i) an increase in revenues as discussed above, (ii) higher average check per person, primarily due to pricing, and (iii) lower advertising expense.

• Adjusted income from operations primarily excludes: (i) the Q2 2024 impairment and closure costs in connection with certain restaurant closures, (ii) costs incurred as a result of transformational and restructuring activities and (iii) costs associated with the foreign currency forward contracts.

Second Quarter Comparable Restaurant Sales

Dividend Declaration and Share Repurchases
On July 23, 2025, our Board of Directors declared a quarterly cash dividend of $0.15 per share, payable on September 3, 2025 to stockholders of record at the close of business on August 19, 2025.

There have been no share repurchases during 2025. We have $96.8 million of share repurchase authorization remaining under the 2024 Share Repurchase Program. The 2024 Share Repurchase Program will expire on August 13, 2025.

Fiscal 2025 Financial Outlook
The table below presents our updated expectations for selected 2025 financial operating results. We are reaffirming all other aspects of our full-year financial guidance as previously communicated.

Q3 2025 Financial Outlook
The table below presents our expectations for selected fiscal Q3 2025 financial operating results from continuing operations.

Conference Call
The Company will host a conference call today, August 6, 2025 at 8:00 AM EDT. The conference call will be webcast live from the Company鈥檚 website at under the Investors section. A replay of this webcast will be available on the Company鈥檚 website after the call.

About Bloomin鈥� Brands, Inc.
Bloomin鈥� Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. The Company鈥檚 restaurant portfolio includes Outback Steakhouse, Carrabba鈥檚 Italian Grill, Bonefish Grill and Fleming鈥檚 Prime Steakhouse & Wine Bar. The Company owns, operates and franchises more than 1,450 restaurants in 46 states, Guam and 12 countries. For more information, please visit .

Non-GAAP Measures
In addition to the results provided in accordance with GAAP, this press release and related tables include certain non-GAAP measures, which present operating results on an adjusted basis. These are supplemental measures of performance that are not required by or presented in accordance with GAAP and include: (i) Restaurant-level operating income, adjusted restaurant-level operating income and their corresponding margins, (ii) Adjusted income from operations and the corresponding margin, (iii) Adjusted segment income from operations and the corresponding margin, (iv) Adjusted net income and (v) Adjusted diluted earnings per share.

Restaurant-level operating margin is a non-GAAP financial measure widely regarded in the industry as a useful metric to evaluate restaurant-level operating efficiency and performance of ongoing restaurant-level operations, and we use it for these purposes.

We believe that our use of non-GAAP financial measures permits investors to assess the operating performance of our business relative to our performance based on GAAP results and relative to other companies within the restaurant industry by isolating the effects of certain items that may vary from period to period without correlation to core operating performance or that vary widely among similar companies. However, our inclusion of these adjusted measures should not be construed as an indication that our future results will be unaffected by unusual or infrequent items or that the items for which we have made adjustments are unusual or infrequent or will not recur. We believe that the disclosure of these non-GAAP measures is useful to investors as they form part of the basis for how our management team and Board of Directors evaluate our operating performance, allocate resources and administer employee incentive plans.

These non-GAAP financial measures are not intended to replace GAAP financial measures, and they are not necessarily standardized or comparable to similarly titled measures used by other companies. We maintain internal guidelines with respect to the types of adjustments we include in our non-GAAP measures. These guidelines endeavor to differentiate between types of gains and expenses that are reflective of our core operations in a period, and those that may vary from period to period without correlation to our core performance in that period. However, implementation of these guidelines necessarily involves the application of judgment, and the treatment of any items not directly addressed by, or changes to, our guidelines will be considered by our disclosure committee. You should refer to the reconciliations of non-GAAP measures in Tables Four, Five and Six included later in this release for descriptions of the actual adjustments made in the current period and the corresponding prior period.

Forward-Looking Statements
Certain statements contained herein, including statements under the headings 鈥淐EO Comments鈥�, 鈥淔iscal 2025 Financial Outlook鈥� and 鈥淨3 2025 Financial Outlook鈥� are not based on historical fact and are 鈥渇orward-looking statements鈥� within the meaning of applicable securities laws. Generally, these statements can be identified by the use of words such as 鈥済uidance,鈥� 鈥渂elieves,鈥� 鈥渆stimates,鈥� 鈥渁nticipates,鈥� 鈥渆xpects,鈥� 鈥渙n track,鈥� 鈥渇eels,鈥� 鈥渇orecasts,鈥� 鈥渟eeks,鈥� 鈥減rojects,鈥� 鈥渋ntends,鈥� 鈥減lans,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渟hould,鈥� 鈥渃ould,鈥� 鈥渨ould鈥� and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the Company鈥檚 forward-looking statements. These risks and uncertainties include, but are not limited to: our ability to execute and achieve the expected benefits of our turnaround plans; consumer reaction to public health and food safety issues; increases in labor costs and fluctuations in the availability of employees and our ability to attract, train, and retain key personnel; increases in unemployment rates and taxes; competition; interruption or breach of our systems or loss of consumer or employee information; price and availability of commodities and other impacts of inflation and tariffs; our dependence on a limited number of suppliers and distributors; political, social and legal conditions in international markets and their effects on foreign operations and foreign currency exchange rates; the impacts of our operations in Brazil as a minority investor and franchisor following our recent sale transaction on our results; our ability to address corporate citizenship and sustainability matters and investor expectations; local, regional, national and international economic conditions; changes in patterns of consumer traffic, consumer tastes and dietary habits; the effects of changes in tax laws; costs, diversion of management attention and reputational damage from any claims or litigation; government actions and policies; challenges associated with our remodeling, relocation and expansion plans; our ability to preserve the value of and grow our brands; consumer confidence and spending patterns; the effects of a health pandemic, weather, acts of God and other disasters and the ability or success in executing related business continuity plans; the Company鈥檚 ability to make debt payments and planned investments and the Company鈥檚 compliance with debt covenants; the cost and availability of credit; interest rate changes; and any impairments in the carrying value of goodwill and other assets. Further information on potential factors that could affect the financial results of the Company and its forward-looking statements is included in its most recent Form 10-K and subsequent filings with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statement, except as may be required by law. These forward-looking statements speak only as of the date of this release. All forward-looking statements are qualified in their entirety by this cautionary statement.

Note: Numerical figures included in this release have been subject to rounding adjustments.

Following is a summary of the financial statement line item classification of the net income (loss) adjustments from continuing operations:

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View source version on businesswire.com:

Tara Kurian

SVP, IR, FP&A, and International

(813) 830-5311

Source: Bloomin鈥� Brands, Inc.