Bloomin Brands Inc (BLMN)

Bloomin’ Brands (BLMN) jumps after earnings beat and upbeat quarterly outlookMay 6, 2026 8:19 AM
IH Market News Bloomin’ Brands (NASDAQ:BLMN) reported first-quarter results on Wednesday that exceeded Wall Street expectations and issued stronger-than-expected guidance for the current quarter, sending shares more than 7% higher.The restaurant operator posted adjusted earnings per share of $0.67, surpassing analyst forecasts of $0.57 by $0.10.Revenue totaled $1.04 billion, broadly in line with consensus estimates and roughly 1% higher than the same period last year. Second-quarter guidance comes in ahead of forecasts Bloomin’ Brands projected second-quarter adjusted earnings per share between $0.27 and $0.32.The midpoint of $0.30 came in well above analyst expectations of $0.22 per share.The company also reaffirmed its financial outlook for the full 2026 fiscal year.Shares climbed 7.3% following the earnings release. Company highlights operational consistency and guest experience “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,” said Mike Spanos, chief executive officer of the company.“Outback brand scores continue to improve, highlighting our craveable steaks and food quality.” Comparable sales growth led by Bonefish Grill Comparable restaurant sales in the United States increased 0.9% during the quarter.Bonefish Grill delivered the strongest performance with comparable sales growth of 6.1%.Carrabba’s Italian Grill reported growth of 1.3%, while Fleming’s Prime Steakhouse & Wine Bar posted a 0.8% increase.Meanwhile, Outback Steakhouse recorded a slight comparable sales decline of 0.3%. Margins improve despite inflation pressures Restaurant-level operating margin improved slightly to 14.0%, compared with 13.9% in the prior-year period.The company said the increase was supported by higher average guest spending, pricing actions, cost-saving measures and lower advertising expenses.Those gains were partly offset by higher commodity, labor and operating costs linked to inflationary pressures. Company expects continued sales growth For the second quarter, Bloomin’ Brands forecast U.S. comparable restaurant sales growth between 1% and 2%.Bloomin’ Brands stock price Original: Bloomin’ Brands (BLMN) jumps after earnings beat and upbeat quarterly outlook

Bloomin’ Brands Announces 2026 Q1 Financial ResultsMay 6, 2026 6:30 AM
Business Wire Q1 Diluted EPS of $0.64 and Q1 Adjusted Diluted EPS of $0.67 Bloomin’ Brands, Inc. (Nasdaq: BLMN) today reported results for the first quarter 2026 (“Q1 2026”) compared to the first quarter 2025 (“Q1 2025”). CEO Comments
“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,” said Mike Spanos, CEO. “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.” 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):   Q1       2026   2025   CHANGE Diluted earnings per share: $ 0.64   $ 0.50   $ 0.14   Adjustments (1)   0.03       0.09       (0.06 ) Adjusted diluted earnings per share (1) $ 0.67     $ 0.59     $ 0.08               _______________
(1) Adjustments for Q1 2026 and Q1 2025 primarily relate to costs in connection with transformational and restructuring initiatives. See non-GAAP Measures later in this release. Also see Tables Five and Six for further details regarding the nature of diluted earnings per share adjustments for the periods presented. First Quarter Financial Results (dollars in millions, unaudited) Q1 2026   Q1 2025   CHANGE Total revenues $ 1,059.7     $ 1,049.6     1.0 %             GAAP operating income margin   5.6 %     5.5 %   0.1 % Adjusted operating income margin (1)   5.9 %     6.1 %   (0.2 )%             Restaurant-level operating margin (1)   14.0 %     13.9 %   0.1 % _______________
(1) See non-GAAP Measures later in this release. Also see Tables Four and Five for details regarding the nature of restaurant-level operating margin and operating income margin adjustments, respectively. The increase in Total revenues was primarily due to higher comparable restaurant sales. GAAP operating income margin increased from Q1 2025 primarily due to lower costs in connection with transformational and restructuring initiatives and an increase in restaurant-level operating margin, as detailed below, partially offset by higher impairment and closing costs. Restaurant-level operating margin increased from Q1 2025 primarily due to (i) higher average check per person, primarily due to pricing, (ii) cost-saving and productivity initiatives and (iii) lower advertising expense. These increases were partially offset by higher commodity, operating and labor costs, mainly due to inflation. Adjusted operating income margin primarily excludes severance and other costs incurred as a result of transformational and restructuring initiatives in Q1 2025 and accelerated depreciation in Q1 2026 associated with equipment upgrades in connection with the turnaround strategy. First Quarter Comparable Restaurant Sales THIRTEEN WEEKS ENDED MARCH 29, 2026   COMPANY-OWNED Comparable restaurant sales (stores open 18 months or more):     U.S.     Outback Steakhouse   (0.3 )% Carrabba’s Italian Grill   1.3 % Bonefish Grill   6.1 % Fleming’s Prime Steakhouse & Wine Bar   0.8 % Combined U.S.   0.9 % Fiscal 2026 Financial Outlook
We are reaffirming our full-year financial guidance as previously communicated in our February 25, 2026 earnings release. Q2 2026 Financial Outlook
The table below presents our expectations for selected fiscal Q2 2026 financial operating results. Financial Results:   Q2 2026 Outlook U.S. comparable restaurant sales   1% to 2%       Diluted earnings per share (1)   $0.24 to $0.29       Adjusted diluted earnings per share (1)   $0.27 to $0.32 _______________
(1) Assumes diluted weighted average shares of approximately 86 million. Conference Call
The Company will host a conference call today, May 6, 2026 at 8:00 AM EDT. The conference call will be webcast live from the Company’s website at http://www.bloominbrands.com under the Investors section. A replay of this webcast will be available on the Company’s website after the call. About Bloomin’ Brands, Inc.
Bloomin’ Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. The Company’s restaurant portfolio includes Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s 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 www.bloominbrands.com. 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 and the corresponding margin, (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 “CEO Comments”, “Fiscal 2026 Financial Outlook” and “Q2 2026 Financial Outlook” are not based on historical fact and are “forward-looking statements” within the meaning of applicable securities laws. Generally, these statements can be identified by the use of words such as “guidance,” “believes,” “estimates,” “anticipates,” “expects,” “on track,” “feels,” “forecasts,” “seeks,” “projects,” “intends,” “plans,” “may,” “will,” “should,” “could,” “would” 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’s forward-looking statements. These risks and uncertainties include, but are not limited to: our ability to execute and achieve the expected benefits of our actions to focus on operational priorities, including our turnaround plans and cost-saving initiatives to fund such 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; 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, including the impact of U.S. government shutdowns; challenges associated with our remodeling, relocation and expansion plans; our ability to preserve the value of and grow our brands, including due to our limited control with respect to and the challenges facing the operations of our franchisees; 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’s ability to make debt payments and planned investments and the Company’s 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. TABLE ONE BLOOMIN’ BRANDS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)   THIRTEEN WEEKS ENDED (in thousands, except per share data) MARCH 29, 2026   MARCH 30, 2025 Revenues       Restaurant sales $ 1,041,826     $ 1,029,517   Franchise and other revenues   17,847       20,077   Total revenues   1,059,673       1,049,594   Costs and expenses       Food and beverage   317,413       313,304   Labor and other related   320,209       315,250   Other restaurant operating   258,814       258,135   Depreciation and amortization   46,296       43,947   General and administrative   52,306       61,377   Provision for impaired assets and restaurant closings   5,532       350   Total costs and expenses   1,000,570       992,363   Income from operations   59,103       57,231   Interest expense, net   (12,412 )     (11,187 ) Income before (benefit) provision for income taxes   46,691       46,044   (Benefit) provision for income taxes   (10,291 )     903   Loss from equity method investment, net of tax   (178 )     (1,291 ) Net income from continuing operations   56,804       43,850   Income (loss) from discontinued operations, net of tax   432       (254 ) Net income   57,236       43,596   Less: net income attributable to noncontrolling interests   1,582       1,444   Net income attributable to Bloomin’ Brands $ 55,654     $ 42,152           Basic earnings per share (1):       Continuing operations $ 0.65     $ 0.50   Discontinued operations   0.01       —   Net basic earnings per share $ 0.65     $ 0.50           Diluted earnings per share (1):       Continuing operations $ 0.64     $ 0.50   Discontinued operations   0.01       —   Net diluted earnings per share $ 0.65     $ 0.50           Weighted average common shares outstanding:       Basic   85,278       84,902   Diluted   85,751       85,130 _______________
(1) Amounts may not add due to rounding. TABLE TWO BLOOMIN’ BRANDS, INC. SEGMENT RESULTS (UNAUDITED) (dollars in thousands) THIRTEEN WEEKS ENDED U.S. Segment MARCH 29, 2026   MARCH 30, 2025 Revenues       Restaurant sales $ 1,032,191     $ 1,020,130   Franchise and other revenues   10,262       10,773   Total U.S. segment revenues   1,042,453       1,030,903           International Franchise Segment       Franchise revenues (1)   7,570       9,283           Reconciliation       All other revenues (2)   9,650       9,408   Total revenues $ 1,059,673     $ 1,049,594           Reconciliation of Segment Operating Income to Total Operating Income       Segment income from operations       U.S. $ 88,016     $ 87,670   International Franchise   7,336       9,004   Total segment income from operations   95,352       96,674   Unallocated corporate operating expense   (36,728 )     (39,768 ) Other income from operations (1)   479       325   Total income from operations $ 59,103     $ 57,231   _______________
(1) The thirteen weeks ended March 30, 2025 includes one additional month of pre-Brazil Sale Transaction intercompany royalties.
(2) Primarily includes revenues and income from operations related to its Hong Kong subsidiary. TABLE THREE BLOOMIN’ BRANDS, INC. SUPPLEMENTAL BALANCE SHEET INFORMATION   MARCH 29, 2026   DECEMBER 28, 2025 (dollars in thousands) (UNAUDITED)   Cash and cash equivalents $ 71,300     $ 59,461   Net working capital (deficit) (1) $ (591,075 )   $ (609,008 ) Total assets $ 3,114,432     $ 3,171,907   Total debt $ 752,605     $ 787,425   Total stockholders’ equity $ 398,767     $ 337,165   _______________
(1) We have, and in the future may continue to have, negative working capital balances (as is common for many restaurant companies). We operate successfully with negative working capital because cash collected on restaurant sales is typically received before payment is due on our current liabilities, and our inventory turnover rates require relatively low investment in inventories. Additionally, ongoing cash flows from restaurant operations and gift card sales are typically used to service debt obligations and to make capital expenditures. TABLE FOUR BLOOMIN’ BRANDS, INC. RESTAURANT-LEVEL OPERATING INCOME AND MARGIN NON-GAAP RECONCILIATIONS (UNAUDITED) Consolidated THIRTEEN WEEKS ENDED (dollars in thousands) MARCH 29, 2026   MARCH 30, 2025 Income from operations $ 59,103     $ 57,231   Operating income margin   5.6 %     5.5 % Less:       Franchise and other revenues   17,847       20,077   Plus:       Depreciation and amortization   46,296       43,947   General and administrative   52,306       61,377   Provision for impaired assets and restaurant closings   5,532       350   Restaurant-level operating income (1) $ 145,390     $ 142,828   Restaurant-level operating margin   14.0 %     13.9 % _______________
(1) The following categories of revenue and operating expenses are not included in restaurant-level operating income and the corresponding margin because we do not consider them reflective of operating performance at the restaurant-level within a period: (a) Franchise and other revenues, which are earned primarily from franchise royalties and other non-food and beverage revenue streams, such as rental and sublease income. (b) Depreciation and amortization, which, although substantially all of which is related to restaurant-level assets, represent historical sunk costs rather than cash outlays for the restaurants. (c) General and administrative expense, which includes primarily non-restaurant-level costs associated with support of the restaurants and other activities at our corporate office. (d) Asset impairment charges and restaurant closing costs. TABLE FIVE BLOOMIN’ BRANDS, INC. ADJUSTED INCOME FROM OPERATIONS AND MARGIN NON-GAAP RECONCILIATIONS (UNAUDITED) (dollars in thousands) THIRTEEN WEEKS ENDED Consolidated MARCH 29, 2026   MARCH 30, 2025 Income from operations $ 59,103     $ 57,231   Operating income margin   5.6 %     5.5 % Adjustments:       Severance and other transformational costs (1)   3,381       6,058   Foreign currency forward contract costs (2)   —       2,328   Asset impairments and closure-related charges (3)   —       (1,929 ) Total income from operations adjustments   3,381       6,457   Adjusted income from operations $ 62,484     $ 63,688   Adjusted operating income margin   5.9 %     6.1 %         U.S. Segment       Income from operations $ 88,016     $ 87,670   Operating income margin   8.4 %     8.5 % Adjustments:       Severance and other transformational costs (1)   3,381       —   Asset impairments and closure-related charges (3)   —       (1,710 ) Total income from operations adjustments   3,381       (1,710 ) Adjusted income from operations $ 91,397     $ 85,960   Adjusted operating income margin   8.8 %     8.3 %         International Franchise Segment       Income from operations $ 7,336     $ 9,004   _______________
(1) Costs for the thirteen weeks ended March 29, 2026 relate to accelerated depreciation associated with equipment upgrades in connection with the turnaround strategy. Costs for the thirteen weeks ended March 30, 2025 include severance, professional fees and other costs incurred as a result of transformational and restructuring activities. (2) Represents costs in connection with the foreign currency forward contracts that mostly offset foreign currency exchange risk associated with installment payments from the Brazil Sale Transaction. (3) Primarily includes gains from certain lease terminations for the thirteen weeks ended March 30, 2025. TABLE SIX BLOOMIN’ BRANDS, INC. ADJUSTED NET INCOME AND ADJUSTED DILUTED EARNINGS PER SHARE NON-GAAP RECONCILIATIONS (UNAUDITED)   THIRTEEN WEEKS ENDED (in thousands, except per share data) MARCH 29, 2026   MARCH 30, 2025 Net income from continuing operations $ 56,804     $ 43,850 Less: net income attributable to noncontrolling interests   1,582       1,444   Net income attributable to Bloomin’ Brands from continuing operations   55,222       42,406   Adjustments:       Income from operations adjustments (1)   3,381       6,457   Total adjustments, before income taxes   3,381       6,457   Tax effect of adjustments (2)   (1,246 )     1,130   Net adjustments, continuing operations   2,135       7,587   Adjusted net income, continuing operations $ 57,357     $ 49,993           Diluted earnings per share - continuing operations $ 0.64     $ 0.50   Adjusted diluted earnings per share - continuing operations $ 0.67     $ 0.59           Diluted weighted average common shares outstanding   85,751       85,130   _______________
(1) See Table Five Adjusted Income from Operations and Margin Non-GAAP Reconciliations above for details regarding income from operations adjustments.
(2) The tax effect of non-GAAP adjustments is determined by recomputing the (benefit) provision for income taxes on an adjusted basis. The difference between the recomputed (benefit) provision for income taxes and the GAAP (benefit) provision for income taxes represents the tax effect of non-GAAP adjustments. The thirteen weeks ended March 30, 2025 also includes an adjustment to (benefit) provision for income taxes related to foreign currency gains on the Brazil Sale Transaction installment receivable. Following is a summary of the financial statement line item classification of the net income adjustments from continuing operations:   THIRTEEN WEEKS ENDED (dollars in thousands) MARCH 29, 2026   MARCH 30, 2025 Depreciation and amortization $ 3,381     $ —   General and administrative   —       8,468   Provision for impaired assets and restaurant closings   —       (2,011 ) Provision for income taxes   (1,246 )     1,130   Net adjustments $ 2,135     $ 7,587   TABLE SEVEN BLOOMIN’ BRANDS, INC. COMPARATIVE RESTAURANT INFORMATION (UNAUDITED) Number of restaurants: DECEMBER 28, 2025   OPENINGS   CLOSURES   MARCH 29, 2026 U.S.               Outback Steakhouse               Company-owned 548   1   (3 )   546 Franchised 118     —     (2 )   116   Total 666     1     (5 )   662   Carrabba’s Italian Grill               Company-owned 187     —     (1 )   186   Franchised 17     —     —     17   Total 204     —     (1 )   203   Bonefish Grill               Company-owned 156     —     (1 )   155   Franchised 2     —     —     2   Total 158     —     (1 )   157   Fleming’s Prime Steakhouse & Wine Bar               Company-owned 66     —     (1 )   65   Other               Franchised 1     —     —     1   U.S. total 1,095     1     (8 )   1,088   International Franchise               Outback Steakhouse - Brazil 188     —     —     188   Outback Steakhouse - South Korea 101     —     —     101   Other 66     2     (3 )   65   International Franchise total 355     2     (3 )   354   International - Company-owned               Outback Steakhouse - Hong Kong 10     —     —     10   System-wide total 1,460     3     (11 )   1,452   System-wide total - Company-owned 967     1     (6 )   962   System-wide total - Franchised 493     2     (5 )   490   TABLE EIGHT BLOOMIN’ BRANDS, INC. COMPARABLE RESTAURANT SALES, TRAFFIC AND AVERAGE CHECK PER PERSON INFORMATION (UNAUDITED)     THIRTEEN WEEKS ENDED     MARCH 29, 2026   MARCH 30, 2025 Year over year percentage change:         Comparable restaurant sales (restaurants open 18 months or more):         U.S. (1)         Outback Steakhouse   (0.3 )%   (1.3 )% Carrabba’s Italian Grill   1.3 %   1.4 % Bonefish Grill   6.1 %   (4.0 )% Fleming’s Prime Steakhouse & Wine Bar   0.8 %   5.1 % Combined U.S.   0.9 %   (0.5 )%           Traffic:         U.S.         Outback Steakhouse   (2.4 )%   (4.1 )% Carrabba’s Italian Grill   (2.7 )%   (0.3 )% Bonefish Grill   3.0 %   (9.4 )% Fleming’s Prime Steakhouse & Wine Bar   (2.9 )%   (0.5 )% Combined U.S.   (1.8 )%   (3.9 )%           Average check per person (2):         U.S.         Outback Steakhouse   2.1 %   2.8 % Carrabba’s Italian Grill   4.0 %   1.7 % Bonefish Grill   3.1 %   5.4 % Fleming’s Prime Steakhouse & Wine Bar   3.7 %   5.6 % Combined U.S.   2.7 %   3.4 % _______________
(1) Relocated restaurants closed more than 60 days are excluded from comparable restaurant sales until at least 18 months after reopening.
(2) Includes the impact of menu pricing changes, product mix and discounts.   View source version on businesswire.com: https://www.businesswire.com/news/home/20260506417129/en/ Tara Kurian
SVP, IR, FP&A, and International
(813) 830-5311 Original: Bloomin’ Brands Announces 2026 Q1 Financial Results

Bloomin’ Brands, Inc. to Host Fiscal 2026 First Quarter Earnings Conference Call at 8:00 AM EDT on May 6, 2026April 13, 2026 4:05 PM
Business Wire
Bloomin’ Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal first quarter ended March 29, 2026, on Wednesday, May 6, 2026, at approximately 6:30 AM EDT, which will be followed by a conference call to review its financial results at 8:00 AM EDT the same day.


The call will be webcast live from the Company’s website at http://www.bloominbrands.com under the Investors section. A replay of this webcast will be available on the Company’s website after the call.


About Bloomin’ Brands, Inc.


Bloomin’ Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. The Company’s restaurant portfolio includes Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s 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 www.bloominbrands.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260413371198/en/
Bloomin’ Brands, Inc.

Tara Kurian

SVP, IR, FP&A, and International

(813) 830-5311

Investor@bloominbrands.com


Original: Bloomin’ Brands, Inc. to Host Fiscal 2026 First Quarter Earnings Conference Call at 8:00 AM EDT on May 6, 2026

Vertiv Holdings, Lumentum Holdings, Coherent, and EchoStar Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400, and S&P SmallCap 600March 6, 2026 6:39 PM
PR Newswire (US)

NEW YORK, March 6, 2026 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices:
NAPCO Security Technologies Inc. (NASD: NSSC) will replace Alexander & Baldwin Inc. (NYSE: ALEX) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, March 13. An investor group comprised of MW Group and funds affiliated with DivcoWest and Blackstone Real Estate is acquiring Alexander & Baldwin in a deal that is expected to close soon, pending final closing conditions.The following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 will take effect before the market opens on Monday, March 23, as part of the quarterly rebalance. The changes ensure that each index is more representative of its market–capitalization range. The companies being removed from the S&P SmallCap 600 are no longer representative of the small–cap market space.Following is a summary of the changes that will take place prior to the open of trading on the effective date:Effective
DateIndex Name       ActionCompany NameTickerGICS SectorMar 13, 2026S&P SmallCap 600AdditionNAPCO Security Technologies NSSC Information Technology Mar 13, 2026S&P SmallCap 600DeletionAlexander & Baldwin  ALEX Real EstateMar 23, 2026S&P 100AdditionMicron TechnologyMU Information Technology Mar 23, 2026S&P 100AdditionLam ResearchLRCX Information Technology Mar 23, 2026S&P 100AdditionApplied MaterialsAMAT Information Technology Mar 23, 2026S&P 100AdditionGE VernovaGEV Industrials Mar 23, 2026S&P 100DeletionPayPal HoldingsPYPL Financials Mar 23, 2026S&P 100DeletionAmerican Intl GroupAIG Financials Mar 23, 2026S&P 100DeletionMetlifeMET Financials Mar 23, 2026S&P 100DeletionTargetTGT Consumer Staples Mar 23, 2026S&P 500AdditionVertiv HoldingsVRTIndustrialsMar 23, 2026S&P 500AdditionLumentum Holdings LITEInformation TechnologyMar 23, 2026S&P 500AdditionCoherentCOHRInformation TechnologyMar 23, 2026S&P 500AdditionEchoStarSATSCommunication ServicesMar 23, 2026S&P 500DeletionMatch Group MTCHCommunication ServicesMar 23, 2026S&P 500DeletionMolina HealthcareMOHHealth CareMar 23, 2026S&P 500DeletionLamb Weston Holdings LWConsumer StaplesMar 23, 2026S&P 500DeletionPaycom Software PAYCIndustrialsMar 23, 2026S&P MidCap 400AdditionSolstice Advanced Materials SOLSMaterialsMar 23, 2026S&P MidCap 400AdditionSiTime SITMInformation TechnologyMar 23, 2026S&P MidCap 400AdditionMoog MOG.AIndustrialsMar 23, 2026S&P MidCap 400AdditionInterDigital IDCCInformation TechnologyMar 23, 2026S&P MidCap 400AdditionVicor VICRIndustrialsMar 23, 2026S&P MidCap 400AdditionCareTrust REIT CTREReal EstateMar 23, 2026S&P MidCap 400DeletionLumentum Holdings LITEInformation TechnologyMar 23, 2026S&P MidCap 400DeletionCoherent COHRInformation TechnologyMar 23, 2026S&P MidCap 400DeletionEchoStar SATSCommunication ServicesMar 23, 2026S&P MidCap 400DeletionZoomInfo Technologies GTMCommunication ServicesMar 23, 2026S&P MidCap 400DeletionASGN ASGNInformation TechnologyMar 23, 2026S&P MidCap 400DeletionKemper KMPRFinancialsMar 23, 2026S&P SmallCap 600AdditionMatch Group MTCHCommunication ServicesMar 23, 2026S&P SmallCap 600AdditionMolina HealthcareMOHHealth CareMar 23, 2026S&P SmallCap 600AdditionLamb Weston Holdings LWConsumer StaplesMar 23, 2026S&P SmallCap 600AdditionPaycom Software PAYCIndustrialsMar 23, 2026S&P SmallCap 600AdditionVSE VSECIndustrialsMar 23, 2026S&P SmallCap 600AdditionArgan AGXIndustrialsMar 23, 2026S&P SmallCap 600AdditionRithm Capital RITMFinancialsMar 23, 2026S&P SmallCap 600AdditionLyft LYFTIndustrialsMar 23, 2026S&P SmallCap 600AdditionLaureate Education LAURConsumer DiscretionaryMar 23, 2026S&P SmallCap 600AdditionLife Time Group Holdings LTHConsumer DiscretionaryMar 23, 2026S&P SmallCap 600AdditionLife360 LIFInformation TechnologyMar 23, 2026S&P SmallCap 600AdditionSphere EntertainmentSPHRCommunication ServicesMar 23, 2026S&P SmallCap 600AdditionZoomInfo Technologies GTMCommunication ServicesMar 23, 2026S&P SmallCap 600AdditionASGNASGNInformation TechnologyMar 23, 2026S&P SmallCap 600AdditionKemper KMPRFinancialsMar 23, 2026S&P SmallCap 600DeletionSolstice Advanced Materials SOLSMaterialsMar 23, 2026S&P SmallCap 600DeletionSiTimeSITMInformation TechnologyMar 23, 2026S&P SmallCap 600DeletionMoog MOG.AIndustrialsMar 23, 2026S&P SmallCap 600DeletionInterDigital IDCCInformation TechnologyMar 23, 2026S&P SmallCap 600DeletionVicor CorpVICRIndustrialsMar 23, 2026S&P SmallCap 600DeletionCareTrust REIT CTREReal EstateMar 23, 2026S&P SmallCap 600DeletionDave & Buster's Entertainment PLAYConsumer DiscretionaryMar 23, 2026S&P SmallCap 600DeletionSunCoke Energy SXCMaterialsMar 23, 2026S&P SmallCap 600DeletionAH Realty Trust AHRTReal EstateMar 23, 2026S&P SmallCap 600DeletionSummit Hotel Properties INNReal EstateMar 23, 2026S&P SmallCap 600DeletionKKR Real Estate Finance Trust KREFFinancialsMar 23, 2026S&P SmallCap 600DeletionBloomin' Brands BLMNConsumer DiscretionaryMar 23, 2026S&P SmallCap 600DeletionMyriad Genetics MYGNHealth CareMar 23, 2026S&P SmallCap 600DeletionCars.com CARSCommunication ServicesMar 23, 2026S&P SmallCap 600DeletionANGI ANGICommunication ServicesABOUT S&P DOW JONES INDICESS&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.FOR MORE INFORMATION:S&P Dow Jones Indices
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Original: Vertiv Holdings, Lumentum Holdings, Coherent, and EchoStar Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400, and S&P SmallCap 600

Bloomin’ Brands shares edge higher after Q4 profit beat despite revenue missFebruary 25, 2026 9:34 AM
IH Market News
Bloomin’ Brands, Inc. (NASDAQ:BLMN) reported fourth-quarter results on Wednesday that topped earnings expectations but came in slightly below revenue forecasts, sending shares modestly higher in after-hours trading.The casual dining operator posted adjusted earnings per share of $0.26, exceeding the analyst consensus estimate of $0.24. Following the announcement, the company’s shares gained 2.21% in extended trading.Quarterly revenue totaled $975.2 million, missing expectations of $981.9 million and rising just 0.3% from $972.0 million in the same period a year earlier. On a comparable basis, revenue increased 0.5% year over year.Bloomin’ Brands reported a GAAP loss per share of -$0.14 for the quarter, compared with earnings of $0.12 per share in the prior-year period. The decline was primarily driven by a $28.2 million goodwill impairment charge tied to the Bonefish Grill reporting unit, along with additional asset impairment costs.“Our fourth quarter results reflect our continued focus on disciplined execution and food quality to deliver a consistently great guest experience,” said Chief Executive Officer Mike Spanos. “Through these efforts, Outback achieved its first quarter of positive traffic since Q4 2021.”U.S. comparable restaurant sales were broadly flat overall. Outback Steakhouse recorded a 0.6% decline, while Carrabba’s Italian Grill grew 1.6%. Bonefish Grill slipped 0.1%, and Fleming’s Prime Steakhouse posted a 0.1% increase.Looking ahead to fiscal 2026, Bloomin’ Brands guided adjusted EPS in a range of $0.75 to $0.90, implying a midpoint of $0.83, slightly below analyst expectations of $0.86. The company forecasts U.S. comparable restaurant sales growth between 0.5% and 2.5%, alongside commodity inflation of 4.5% to 5.5%.For the first quarter of 2026, management expects adjusted EPS of $0.57 to $0.62, with the midpoint of $0.60 coming in above the consensus estimate of $0.56.Bloomin’ Brands stock price

Original: Bloomin’ Brands shares edge higher after Q4 profit beat despite revenue miss

Bloomin’ Brands Announces 2025 Q4 Financial ResultsFebruary 25, 2026 6:30 AM
Business Wire
Provides Full Year 2026 Financial Outlook


Bloomin’ Brands, Inc. (Nasdaq: BLMN) today reported results for the fourth quarter 2025 (“Q4 2025”) and the fiscal year ended December 28, 2025 (“Fiscal Year 2025”) compared to the fourth quarter 2024 (“Q4 2024”) and the fiscal year ended December 29, 2024 (“Fiscal Year 2024”).


CEO Comments

“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,” said Mike Spanos, CEO. “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.”


Diluted EPS and Adjusted Diluted EPS

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




 






Q4






 






 






 






FISCAL YEAR






 






 








 






2025






 






2024






 






CHANGE






 






2025






 






2024






 






CHANGE








Diluted (loss) earnings per share:






$






(0.14






)






 






$






0.12





 

 






$






(0.26






)






 






$






0.10





 

 






$






(0.61






)






 






$






0.71






 








Adjustments (1)






 






0.40






 






 






 






0.10





 

 






 






0.30






 






 






 






1.04





 

 






 






2.06






 






 






 






(1.02






)








Adjusted diluted earnings per share (1)






$






0.26






 






 






$






0.22





 

 






$






0.04






 






 






$






1.14





 

 






$






1.45






 






 






$






(0.31






)








 






 






 






 





 

 






 






 






 





 

 






 






 






 








_______________

(1) Adjustments for Q4 2025 and Fiscal Year 2025 primarily include (i) goodwill impairment from the Bonefish Grill reporting unit, (ii) asset impairment and closing costs related to closures and underperforming restaurants, (iii) costs incurred as a result of transformational and restructuring activities and (iv) costs associated with the foreign currency forward contracts. Adjustments for Q4 2024 and Fiscal Year 2024 include (i) asset impairment and closing costs related to closures and underperforming restaurants, (ii) costs incurred as a result of transformational and restructuring activities and (iii) gains associated with the foreign currency forward contracts. See non-GAAP Measures later in this release. Also see Tables Four, Five and Six for further details regarding the nature of diluted earnings per share adjustments for the periods presented.







Fourth Quarter Financial Results




(dollars in millions, unaudited)






Q4 2025






 






Q4 2024






 






CHANGE








Total revenues






$






975.2






 






 






$






972.0






 






 






0.3






%








 






 






 






 






 






 








GAAP operating (loss) income margin






 






(1.4






)%






 






 






1.7






%






 






(3.1






)%








Adjusted operating income margin (1)






 






3.4






%






 






 






3.5






%






 






(0.1






)%








 






 






 






 






 






 








Restaurant-level operating margin (1)






 






11.5






%






 






 






12.4






%






 






(0.9






)%








Adjusted restaurant-level operating margin (1)






 






11.6






%






 






 






12.4






%






 






(0.8






)%








_______________

(1) See non-GAAP Measures later in this release. Also see Tables Four and Five for details regarding the nature of restaurant-level operating margin and operating income margin adjustments, respectively.








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 Q4 2024 primarily due to: (i) Bonefish Grill goodwill impairment, (ii) lapping 2024 gains and incurring 2025 costs associated with our foreign currency forward contracts and (iii) a decrease in restaurant-level operating margin, as detailed below. These decreases were partially offset by lower asset impairment and closing costs.




Restaurant-level operating margin decreased from Q4 2024 primarily due to: (i) higher commodity and labor costs, mainly due to inflation, and (ii) unfavorable product cost mix. These decreases were partially offset by: (i) higher average check per person, primarily due to pricing, (ii) lower advertising expense and (iii) lower insurance expense.




Adjusted operating income margin primarily excludes the Bonefish Grill goodwill impairment, certain asset impairment and closing costs and costs associated with the foreign currency forward contracts.



Fourth Quarter Comparable Restaurant Sales




THIRTEEN WEEKS ENDED DECEMBER 28, 2025






 






COMPANY-OWNED








Comparable restaurant sales (stores open 18 months or more):






 






 








U.S.






 






 








Outback Steakhouse






 






(0.6






)%








Carrabba’s Italian Grill






 






1.6






%








Bonefish Grill






 






(0.1






)%








Fleming’s Prime Steakhouse & Wine Bar






 






0.1






%








Combined U.S.






 






—






%







Fiscal 2026 Financial Outlook

The table below presents our expectations for selected 2026 financial operating results.




Financial Results:






 






2026 Guidance








U.S. comparable restaurant sales






 






0.5% to 2.5%








 






 






 








Diluted earnings per share (1)






 






$0.70 to $0.85








 






 






 








Adjusted diluted earnings per share (1)(2)






 






$0.75 to $0.90








 






 






 








Effective income tax rate






 






Negative








_______________

(1) Assumes diluted weighted average shares of 86 to 87 million.

(2) Includes estimated adjustments related to accelerated depreciation associated with equipment upgrades in connection with the turnaround strategy.









Other Selected Financial Data:






 






2026 Guidance








Commodity inflation






 






4.5% to 5.5%








 






 






 








Labor inflation






 






3% to 3.5%








 






 






 








Capital expenditures






 






$185M to $195M








 






 






 








Number of new company-owned restaurants






 






6-8








 






 






 








Number of new franchised restaurants






 






17-20







Q1 2026 Financial Outlook

The table below presents our expectations for selected fiscal Q1 2026 financial operating results.




Financial Results:






 






Q1 2026 Outlook








U.S. comparable restaurant sales






 






Flat to 1%








 






 






 








Diluted earnings per share (1)






 






$0.54 to $0.59








 






 






 








Adjusted diluted earnings per share (1)(2)






 






$0.57 to $0.62








_______________

(1) Assumes diluted weighted average shares of approximately 86 million.

(2) Includes estimated adjustments related to accelerated depreciation associated with equipment upgrades in connection with the turnaround strategy.







Conference Call

The Company will host a conference call today, February 25, 2026 at 8:30 AM EST. The conference call will be webcast live from the Company’s website at http://www.bloominbrands.com under the Investors section. A replay of this webcast will be available on the Company’s website after the call.


About Bloomin’ Brands, Inc.

Bloomin’ Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. The Company’s restaurant portfolio includes Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s 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 www.bloominbrands.com.


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 “CEO Comments”, “Fiscal 2026 Financial Outlook” and “Q1 2026 Financial Outlook” are not based on historical fact and are “forward-looking statements” within the meaning of applicable securities laws. Generally, these statements can be identified by the use of words such as “guidance,” “believes,” “estimates,” “anticipates,” “expects,” “on track,” “feels,” “forecasts,” “seeks,” “projects,” “intends,” “plans,” “may,” “will,” “should,” “could,” “would” 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’s forward-looking statements. These risks and uncertainties include, but are not limited to: our ability to execute and achieve the expected benefits of our actions to focus on operational priorities, including our turnaround plans and cost-saving initiatives to fund such 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; 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, including the impact of U.S. government shutdowns; challenges associated with our remodeling, relocation and expansion plans; our ability to preserve the value of and grow our brands, including due to our limited control with respect to and the challenges facing the operations of our franchisees; 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’s ability to make debt payments and planned investments and the Company’s 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.




TABLE ONE








BLOOMIN’ BRANDS, INC.








CONSOLIDATED STATEMENTS OF OPERATIONS








 






THIRTEEN WEEKS ENDED






 






FISCAL YEAR








 






DECEMBER 28, 2025






 






DECEMBER 29, 2024






 






2025






 






2024








(in thousands, except per share data)






(UNAUDITED)






 






(UNAUDITED)






 






(UNAUDITED)






 






 








Revenues






 






 






 






 






 






 






 








Restaurant sales






$






958,026






 






 






$






952,091






 






 






$






3,884,234






 






 






$






3,866,344






 








Franchise and other revenues






 






17,197






 






 






 






19,929






 






 






 






71,762






 






 






 






84,131






 








Total revenues






 






975,223






 






 






 






972,020






 






 






 






3,955,996






 






 






 






3,950,475






 








Costs and expenses






 






 






 






 






 






 






 








Food and beverage






 






290,586






 






 






 






276,239






 






 






 






1,177,303






 






 






 






1,147,859






 








Labor and other related






 






309,844






 






 






 






301,170






 






 






 






1,237,978






 






 






 






1,202,520






 








Other restaurant operating






 






247,315






 






 






 






256,408






 






 






 






1,014,151






 






 






 






1,001,034






 








Depreciation and amortization






 






44,188






 






 






 






45,146






 






 






 






177,680






 






 






 






175,580






 








General and administrative






 






58,389






 






 






 






43,723






 






 






 






238,396






 






 






 






219,383






 








Provision for impaired assets and restaurant closings






 






10,011






 






 






 






33,137






 






 






 






45,137






 






 






 






64,291






 








Goodwill impairment






 






28,188






 






 






 






—






 






 






 






28,188






 






 






 






—






 








Total costs and expenses






 






988,521






 






 






 






955,823






 






 






 






3,918,833






 






 






 






3,810,667






 








(Loss) income from operations






 






(13,298






)






 






 






16,197






 






 






 






37,163






 






 






 






139,808






 








Loss on extinguishment of debt






 






—






 






 






 






—






 






 






 






—






 






 






 






(136,022






)








Interest expense, net






 






(12,356






)






 






 






(17,138






)






 






 






(45,354






)






 






 






(62,593






)








Loss before benefit for income taxes






 






(25,654






)






 






 






(941






)






 






 






(8,191






)






 






 






(58,807






)








Benefit for income taxes






 






(16,450






)






 






 






(13,526






)






 






 






(26,699






)






 






 






(12,134






)








Loss from equity method investment, net of tax






 






(1,308






)






 






 






—






 






 






 






(4,742






)






 






 






—






 








Net (loss) income from continuing operations






 






(10,512






)






 






 






12,585






 






 






 






13,766






 






 






 






(46,673






)








Loss from discontinued operations, net of tax






 






(1,251






)






 






 






(90,122






)






 






 






(537






)






 






 






(75,982






)








Net (loss) income






 






(11,763






)






 






 






(77,537






)






 






 






13,229






 






 






 






(122,655






)








Less: net income attributable to noncontrolling interests






 






1,712






 






 






 






1,924






 






 






 






4,992






 






 






 






5,363






 








Net (loss) income attributable to Bloomin’ Brands






$






(13,475






)






 






$






(79,461






)






 






$






8,237






 






 






$






(128,018






)








 






 






 






 






 






 






 






 








Basic (loss) earnings per share (1):






 






 






 






 






 






 






 








Continuing operations






$






(0.14






)






 






$






0.13






 






 






$






0.10






 






 






$






(0.61






)








Discontinued operations






 






(0.01






)






 






 






(1.06






)






 






 






(0.01






)






 






 






(0.88






)








Net basic (loss) earnings per share






$






(0.16






)






 






$






(0.94






)






 






$






0.10






 






 






$






(1.49






)








 






 






 






 






 






 






 






 








Diluted (loss) earnings per share (1):






 






 






 






 






 






 






 








Continuing operations






$






(0.14






)






 






$






0.12






 






 






$






0.10






 






 






$






(0.61






)








Discontinued operations






 






(0.01






)






 






 






(1.05






)






 






 






(0.01






)






 






 






(0.88






)








Net diluted (loss) earnings per share






$






(0.16






)






 






$






(0.93






)






 






$






0.10






 






 






$






(1.49






)








 






 






 






 






 






 






 






 








Weighted average common shares outstanding:






 






 






 






 






 






 






 








Basic






 






85,214






 






 






 






84,845






 






 






 






85,062






 






 






 






85,905






 








Diluted






 






85,214






 






 






 






85,428






 






 






 






85,307






 






 






 






85,905






 








_______________

(1) Amounts may not add due to rounding.









TABLE TWO








BLOOMIN’ BRANDS, INC.








SEGMENT RESULTS








 






THIRTEEN WEEKS ENDED






 






FISCAL YEAR








(dollars in thousands)






DECEMBER 28, 2025






 






DECEMBER 29, 2024






 






2025






 






2024








U.S. Segment






(UNAUDITED)






 






(UNAUDITED)






 






(UNAUDITED)






 






 








Revenues






 






 






 






 






 






 






 








Restaurant sales






$






948,060






 






 






$






942,568






 






 






$






3,846,028






 






 






$






3,812,604






 








Franchise and other revenues






 






9,358






 






 






 






9,940






 






 






 






40,397






 






 






 






44,530






 








Total U.S. segment revenues






 






957,418






 






 






 






952,508






 






 






 






3,886,425






 






 






 






3,857,134






 








 






 






 






 






 






 






 






 








International Franchise Segment






 






 






 






 






 






 






 








Franchise revenues






 






7,817






 






 






 






9,988






 






 






 






31,297






 






 






 






39,490






 








 






 






 






 






 






 






 






 








Reconciliation






 






 






 






 






 






 






 








All other revenues (1)






 






9,988






 






 






 






9,524






 






 






 






38,274






 






 






 






53,851






 








Total revenues






$






975,223






 






 






$






972,020






 






 






$






3,955,996






 






 






$






3,950,475






 








 






 






 






 






 






 






 






 








Reconciliation of Segment Operating Income to Total Operating (Loss) Income






 






 






 






 






 






 






 








Segment income from operations






 






 






 






 






 






 






 








U.S.






$






22,301






 






 






$






34,036






 






 






$






180,033






 






 






$






250,050






 








International Franchise






 






7,572






 






 






 






9,668






 






 






 






30,412






 






 






 






37,961






 








Total segment income from operations






 






29,873






 






 






 






43,704






 






 






 






210,445






 






 






 






288,011






 








Unallocated corporate operating expense






 






(44,101






)






 






 






(27,102






)






 






 






(175,536






)






 






 






(130,769






)








Other income (loss) from operations (1)






 






930






 






 






 






(405






)






 






 






2,254






 






 






 






(17,434






)








Total (loss) income from operations






$






(13,298






)






 






$






16,197






 






 






$






37,163






 






 






$






139,808






 








_______________

(1) Primarily includes revenues and income (loss) from operations related to its Hong Kong subsidiary.









TABLE THREE








BLOOMIN’ BRANDS, INC.








SUPPLEMENTAL BALANCE SHEET INFORMATION








 






DECEMBER 28, 2025






 






DECEMBER 29, 2024








(dollars in thousands)






(UNAUDITED)






 








Cash and cash equivalents






$






59,461






 






 






$






70,056






 








Net working capital (deficit) (1)






$






(609,008






)






 






$






(631,817






)








Total assets






$






3,171,907






 






 






$






3,384,805






 








Total debt






$






787,425






 






 






$






1,027,398






 








Total stockholders’ equity






$






337,165






 






 






$






139,446






 








_______________

(1) We have, and in the future may continue to have, negative working capital balances (as is common for many restaurant companies). We operate successfully with negative working capital because cash collected on restaurant sales is typically received before payment is due on our current liabilities, and our inventory turnover rates require relatively low investment in inventories. Additionally, ongoing cash flows from restaurant operations and gift card sales are typically used to service debt obligations and to make capital expenditures.









TABLE FOUR








BLOOMIN’ BRANDS, INC.








RESTAURANT-LEVEL AND ADJUSTED RESTAURANT-LEVEL OPERATING INCOME AND MARGINS NON-GAAP RECONCILIATIONS








(UNAUDITED)








Consolidated






THIRTEEN WEEKS ENDED






 






FISCAL YEAR








(dollars in thousands)






DECEMBER 28, 2025






 






DECEMBER 29, 2024






 






2025






 






2024








(Loss) income from operations






$






(13,298






)






 






$






16,197






 






 






$






37,163






 






 






$






139,808






 








Operating (loss) income margin






 






(1.4






)%






 






 






1.7






%






 






 






0.9






%






 






 






3.5






%








Less:






 






 






 






 






 






 






 








Franchise and other revenues






 






17,197






 






 






 






19,929






 






 






 






71,762






 






 






 






84,131






 








Plus:






 






 






 






 






 






 






 








Depreciation and amortization






 






44,188






 






 






 






45,146






 






 






 






177,680






 






 






 






175,580






 








General and administrative






 






58,389






 






 






 






43,723






 






 






 






238,396






 






 






 






219,383






 








Provision for impaired assets and restaurant closings






 






10,011






 






 






 






33,137






 






 






 






45,137






 






 






 






64,291






 








Goodwill impairment






 






28,188






 






 






 






—






 






 






 






28,188






 






 






 






—






 








Restaurant-level operating income (1)






$






110,281






 






 






$






118,274






 






 






$






454,802






 






 






$






514,931






 








Restaurant-level operating margin






 






11.5






%






 






 






12.4






%






 






 






11.7






%






 






 






13.3






%








Adjustments:






 






 






 






 






 






 






 








Employee benefits policy change (2)






 






908






 






 






 






—






 






 






 






3,671






 






 






 






—






 








Closure-related charges






 






—






 






 






 






—






 






 






 






—






 






 






 






434






 








Total restaurant-level operating income adjustments






 






908






 






 






 






—






 






 






 






3,671






 






 






 






434






 








Adjusted restaurant-level operating income






$






111,189






 






 






$






118,274






 






 






$






458,473






 






 






$






515,365






 








Adjusted restaurant-level operating margin






 






11.6






%






 






 






12.4






%






 






 






11.8






%






 






 






13.3






%








_______________








(1) The following categories of revenue and operating expenses are not included in restaurant-level operating income and the corresponding margin because we do not consider them reflective of operating performance at the restaurant-level within a period:








(a) Franchise and other revenues, which are earned primarily from franchise royalties and other non-food and beverage revenue streams, such as rental and sublease income.








(b) Depreciation and amortization, which, although substantially all of which is related to restaurant-level assets, represent historical sunk costs rather than cash outlays for the restaurants.








(c) General and administrative expense, which includes primarily non-restaurant-level costs associated with support of the restaurants and other activities at our corporate offices.








(d) Asset impairment charges and restaurant closing costs and Goodwill impairment.








(2) Represents costs associated with updated field PTO policy in connection with the transition to a new human resources and payroll system.









TABLE FIVE








BLOOMIN’ BRANDS, INC.








ADJUSTED INCOME FROM OPERATIONS AND MARGIN NON-GAAP RECONCILIATIONS








(UNAUDITED)








(dollars in thousands)






THIRTEEN WEEKS ENDED






 






FISCAL YEAR








Consolidated






DECEMBER 28, 2025






 






DECEMBER 29, 2024






 






2025






 






2024








(Loss) income from operations






$






(13,298






)






 






$






16,197






 






 






$






37,163






 






 






$






139,808






 








Operating (loss) income margin






 






(1.4






)%






 






 






1.7






%






 






 






0.9






%






 






 






3.5






%








Adjustments:






 






 






 






 






 






 






 








Total restaurant-level operating income adjustments (1)






 






908






 






 






 






—






 






 






 






3,671






 






 






 






434






 








Goodwill impairment (2)






 






28,188






 






 






 






—






 






 






 






28,188






 






 






 






—






 








Asset impairments and closure-related charges (3)






 






9,277






 






 






 






30,602






 






 






 






38,918






 






 






 






63,009






 








Severance and other transformational costs (4)






 






6,575






 






 






 






2,500






 






 






 






22,762






 






 






 






10,621






 








Foreign currency forward contract costs (gains) (5)






 






1,517






 






 






 






(15,728






)






 






 






9,332






 






 






 






(15,728






)








Total income from operations adjustments






 






46,465






 






 






 






17,374






 






 






 






102,871






 






 






 






58,336






 








Adjusted income from operations






$






33,167






 






 






$






33,571






 






 






$






140,034






 






 






$






198,144






 








Adjusted operating income margin






 






3.4






%






 






 






3.5






%






 






 






3.5






%






 






 






5.0






%








 






 






 






 






 






 






 






 








U.S. Segment






 






 






 






 






 






 






 








Income from operations






$






22,301






 






 






$






34,036






 






 






$






180,033






 






 






$






250,050






 








Operating income margin






 






2.3






%






 






 






3.6






%






 






 






4.6






%






 






 






6.5






%








Adjustments:






 






 






 






 






 






 






 








Total restaurant-level operating income adjustments (1)






 






—






 






 






 






—






 






 






 






—






 






 






 






434






 








Goodwill impairment (2)






 






28,188






 






 






 






—






 






 






 






28,188






 






 






 






—






 








Asset impairments and closure-related charges (3)






 






8,645






 






 






 






30,071






 






 






 






38,505






 






 






 






43,929






 








Severance and other transformational costs (4)






 






—






 






 






 






2,500






 






 






 






—






 






 






 






6,500






 








Total income from operations adjustments






 






36,833






 






 






 






32,571






 






 






 






66,693






 






 






 






50,863






 








Adjusted income from operations






$






59,134






 






 






$






66,607






 






 






$






246,726






 






 






$






300,913






 








Adjusted operating income margin






 






6.2






%






 






 






7.0






%






 






 






6.3






%






 






 






7.8






%








 






 






 






 






 






 






 






 








International Franchise Segment






 






 






 






 






 






 






 








Income from operations






$






7,572






 






 






$






9,668






 






 






$






30,412






 






 






$






37,961






 








_______________

(1) See Table Four Restaurant-level and Adjusted Restaurant-Level Operating Income and Margins Non-GAAP Reconciliations for details regarding restaurant-level operating income adjustments.

(2) Relates to goodwill impairment from the Bonefish Grill reporting unit.

(3) The thirteen weeks ended December 28, 2025 and fiscal year 2025 primarily include costs related to the closure of 21 U.S. restaurants and the decision not to renew the leases of 22 restaurants. Fiscal year 2025 also includes asset impairments related to five underperforming U.S. restaurants. The thirteen weeks ended December 29, 2024 and fiscal year 2024 include asset impairment related to older, underperforming restaurants. Fiscal year 2024 also includes other asset impairment and closure-related costs in connection with previous restaurant closures.

(4) Includes severance, professional fees and other costs incurred as a result of transformational and restructuring activities.

(5) Represents costs (gains) in connection with the foreign currency forward contracts that mostly offset foreign currency exchange risk associated with payments from the Brazil Sale Transaction.









TABLE SIX








BLOOMIN’ BRANDS, INC.








ADJUSTED NET INCOME AND ADJUSTED DILUTED EARNINGS PER SHARE NON-GAAP RECONCILIATIONS








(UNAUDITED)








 






THIRTEEN WEEKS ENDED






 






FISCAL YEAR








(in thousands, except per share data)






DECEMBER 28, 2025






 






DECEMBER 29, 2024






 






2025






 






2024








Net (loss) income attributable to Bloomin’ Brands






$






(13,475






)






 






$






(79,461






)






 






$






8,237






 






 






$






(128,018






)








Loss from discontinued operations, net of tax






 






(1,251






)






 






 






(90,122






)






 






 






(537






)






 






 






(75,982






)








Net (loss) income attributable to Bloomin’ Brands from continuing operations






 






(12,224






)






 






 






10,661






 






 






 






8,774






 






 






 






(52,036






)








Adjustments:






 






 






 






 






 






 






 








Income from operations adjustments (1)






 






46,465






 






 






 






17,374






 






 






 






102,871






 






 






 






58,336






 








Loss on extinguishment of debt (2)






 






—






 






 






 






—






 






 






 






—






 






 






 






135,797






 








Total adjustments, before income taxes






 






46,465






 






 






 






17,374






 






 






 






102,871






 






 






 






194,133






 








Tax effect of adjustments (3)






 






(11,747






)






 






 






(9,107






)






 






 






(14,770






)






 






 






(13,001






)








Net adjustments, continuing operations






 






34,718






 






 






 






8,267






 






 






 






88,101






 






 






 






181,132






 








Adjusted net income, continuing operations






 






22,494






 






 






 






18,928






 






 






 






96,875






 






 






 






129,096






 








Adjusted (loss) income, discontinued operations net of tax (4)






 






(1,251






)






 






 






13,723






 






 






 






(537






)






 






 






30,246






 








Adjusted net income






$






21,243






 






 






$






32,651






 






 






$






96,338






 






 






$






159,342






 








 






 






 






 






 






 






 






 








Diluted (loss) earnings per share (5):






 






 






 






 






 






 






 








Continuing operations






$






(0.14






)






 






$






0.12






 






 






$






0.10






 






 






$






(0.61






)








Discontinued operations






 






(0.01






)






 






 






(1.05






)






 






 






(0.01






)






 






 






(0.88






)








Net diluted (loss) earnings per share






$






(0.16






)






 






$






(0.93






)






 






$






0.10






 






 






$






(1.49






)








 






 






 






 






 






 






 






 








Adjusted diluted earnings per share (5):






 






 






 






 






 






 






 








Continuing operations






$






0.26






 






 






$






0.22






 






 






$






1.14






 






 






$






1.45






 








Discontinued operations






 






(0.01






)






 






 






0.16






 






 






 






(0.01






)






 






 






0.34






 








Adjusted net diluted earnings per share (6)






$






0.25






 






 






$






0.38






 






 






$






1.13






 






 






$






1.79






 








 






 






 






 






 






 






 






 








Diluted weighted average common shares outstanding






 






85,214






 






 






 






85,428






 






 






 






85,307






 






 






 






85,905






 








Adjusted diluted weighted average common shares outstanding (6)






 






85,562






 






 






 






85,428






 






 






 






85,307






 






 






 






88,900






 








_______________

(1) See Table Five Adjusted Income from Operations and Margin Non-GAAP Reconciliations above for details regarding income from operations adjustments.

(2) Includes losses in connection with the repurchase of $83.6 million of the outstanding convertible senior notes due in 2025, including settlements of the related convertible senior note hedges and warrants.

(3) The tax effect of non-GAAP adjustments is determined by recomputing the benefit for income taxes on an adjusted basis. The difference between the recomputed benefit for income taxes and the GAAP benefit for income taxes represents the tax effect of non-GAAP adjustments.

(4) Includes net (loss) income from our Brazil operations for the periods presented. For fiscal year 2024, also includes adjustments for $68.3 million for impairment of assets held for sale and $33.8 million of deferred income tax expense resulting from the Brazil Sale Transaction and the tax effects of non-GAAP adjustments.

(5) Amounts may not add due to rounding.

(6) For the thirteen weeks ended December 28, 2025 and fiscal year 2024, includes shares that are excluded from GAAP diluted weighted average common shares outstanding due to a GAAP net loss, however, incorporated in adjusted diluted weighted average common shares outstanding as a result of the adjusted net income position.







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




 






THIRTEEN WEEKS ENDED






 






FISCAL YEAR








(dollars in thousands)






DECEMBER 28, 2025






 






DECEMBER 29, 2024






 






2025






 






2024








Labor and other related






$






908






 






 






$






—






 






 






$






3,671






 






 






$






434






 








General and administrative






 






8,744






 






 






 






(11,742






)






 






 






32,828






 






 






 






748






 








Provision for impaired assets and restaurant closings






 






8,625






 






 






 






29,116






 






 






 






38,184






 






 






 






57,154






 








Goodwill impairment






 






28,188






 






 






 






—






 






 






 






28,188






 






 






 






—






 








Loss on extinguishment of debt






 






—






 






 






 






—






 






 






 






—






 






 






 






135,797






 








Provision for income taxes






 






(11,747






)






 






 






(9,107






)






 






 






(14,770






)






 






 






(13,001






)








Net adjustments






$






34,718






 






 






$






8,267






 






 






$






88,101






 






 






$






181,132






 









TABLE SEVEN








BLOOMIN’ BRANDS, INC.








COMPARATIVE RESTAURANT INFORMATION








(UNAUDITED)








Number of restaurants:






SEPTEMBER 28, 2025






 






OPENINGS






 






CLOSURES






 






DECEMBER 28, 2025








U.S.






 





 

 






 





 

 






 






 






 





 



Outback Steakhouse






 





 

 






 





 

 






 






 






 





 



Company-owned






559





 

 






4





 

 






(15






)






 






548





 



Franchised






120





 

 






—





 

 






(2






)






 






118





 



Total






679





 

 






4





 

 






(17






)






 






666





 



Carrabba’s Italian Grill






 





 

 






 





 

 






 






 






 





 



Company-owned






190





 

 






1





 

 






(4






)






 






187





 



Franchised






17





 

 






—





 

 






—






 






 






17





 



Total






207





 

 






1





 

 






(4






)






 






204





 



Bonefish Grill






 





 

 






 





 

 






 






 






 





 



Company-owned






162





 

 






—





 

 






(6






)






 






156





 



Franchised






4





 

 






—





 

 






(2






)






 






2





 



Total






166





 

 






—





 

 






(8






)






 






158





 



Fleming’s Prime Steakhouse & Wine Bar






 





 

 






 





 

 






 






 






 





 



Company-owned






66





 

 






—





 

 






—






 






 






66





 



Other






 





 

 






 





 

 






 






 






 





 



Franchised






1





 

 






—





 

 






—






 






 






1





 



U.S. total






1,119





 

 






5





 

 






(29






)






 






1,095





 



International Franchise






 





 

 






 





 

 






 






 






 





 



Outback Steakhouse - Brazil






187





 

 






1





 

 






—






 






 






188





 



Outback Steakhouse - South Korea






101





 

 






—





 

 






—






 






 






101





 



Other






66





 

 






—





 

 






—






 






 






66





 



International Franchise total






354





 

 






1





 

 






—






 






 






355





 



International - Company-owned






 





 

 






 





 

 






 






 






 





 



Outback Steakhouse - Hong Kong/China






10





 

 






—





 

 






—






 






 






10





 



System-wide total






1,483





 

 






6





 

 






(29






)






 






1,460





 



System-wide total - Company-owned






987





 

 






5





 

 






(25






)






 






967





 



System-wide total - Franchised






496





 

 






1





 

 






(4






)






 






493





 




TABLE EIGHT








BLOOMIN’ BRANDS, INC.








COMPARABLE RESTAURANT SALES, TRAFFIC AND AVERAGE CHECK PER PERSON INFORMATION








(UNAUDITED)








 






 






THIRTEEN WEEKS ENDED






 






FISCAL YEAR








 






 






DECEMBER 28, 2025






 






DECEMBER 29, 2024 (1)






 






2025






 






2024 (1)








Year over year percentage change:






 






 






 






 






 






 






 






 








Comparable restaurant sales (restaurants open 18 months or more):






 






 






 






 






 






 






 






 








U.S. (2)






 






 






 






 






 






 






 






 








Outback Steakhouse






 






(0.6






)%






 






(1.8






)%






 






(0.5






)%






 






(1.2






)%








Carrabba’s Italian Grill






 






1.6






%






 






(0.9






)%






 






2.8






%






 






—






%








Bonefish Grill






 






(0.1






)%






 






(1.5






)%






 






(2.2






)%






 






(3.2






)%








Fleming’s Prime Steakhouse & Wine Bar






 






0.1






%






 






3.0






%






 






2.5






%






 






0.2






%








Combined U.S.






 






—






%






 






(1.1






)%






 






0.2






%






 






(1.1






)%








 






 






 






 






 






 






 






 






 








Traffic:






 






 






 






 






 






 






 






 








U.S.






 






 






 






 






 






 






 






 








Outback Steakhouse






 






0.9






%






 






(4.7






)%






 






(1.2






)%






 






(4.2






)%








Carrabba’s Italian Grill






 






(0.9






)%






 






(4.5






)%






 






—






%






 






(3.2






)%








Bonefish Grill






 






2.3






%






 






(8.7






)%






 






(5.4






)%






 






(7.1






)%








Fleming’s Prime Steakhouse & Wine Bar






 






(2.4






)%






 






(3.5






)%






 






(1.2






)%






 






(5.8






)%








Combined U.S.






 






0.5






%






 






(5.1






)%






 






(1.4






)%






 






(4.4






)%








 






 






 






 






 






 






 






 






 








Average check per person (3):






 






 






 






 






 






 






 






 








U.S.






 






 






 






 






 






 






 






 








Outback Steakhouse






 






(1.5






)%






 






2.9






%






 






0.7






%






 






3.0






%








Carrabba’s Italian Grill






 






2.5






%






 






3.6






%






 






2.8






%






 






3.2






%








Bonefish Grill






 






(2.4






)%






 






7.2






%






 






3.2






%






 






3.9






%








Fleming’s Prime Steakhouse & Wine Bar






 






2.5






%






 






6.5






%






 






3.7






%






 






6.0






%








Combined U.S.






 






(0.5






)%






 






4.0






%






 






1.6






%






 






3.3






%








_______________

(1) As a result of the 53rd week in 2023, U.S. comparable restaurant sales, traffic and average check per person for 2024, compare the thirteen weeks from September 30, 2024 through December 29, 2024 to the thirteen weeks from October 2, 2023 through December 31, 2023, and for the fifty-two weeks from January 1, 2024 through December 29, 2024 to the fifty-two weeks from January 2, 2023 through December 31, 2023.

(2) Relocated restaurants closed more than 60 days are excluded from comparable restaurant sales until at least 18 months after reopening.

(3) Includes the impact of menu pricing changes, product mix and discounts.







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260225827304/en/
Tara Kurian

SVP, IR, FP&A, and International

(813) 830-5311


Original: Bloomin’ Brands Announces 2025 Q4 Financial Results