UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 29, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-35625 BLOOMIN' BRANDS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

Bloomin' Brands (BLMN) reported $1 billion in revenue for the quarter ended June 2025, representing a year-over-year decline of 10.4%. EPS of $0.33 for the same period compares to $0.51 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $987.19 million, representing a surprise of +1.54%. The company delivered an EPS surprise of +17.86%, with the consensus EPS estimate being $0.28.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...

Financial Data and Key Metrics Changes - Total revenues for Q2 2025 were $1 billion, slightly up from $999 million in the previous year [34] - U.S. comparable restaurant sales decreased by 10 basis points, while traffic declined by 200 basis points [35] - Adjusted diluted earnings per share for Q2 was $0.32, down from $0.45 in the previous year [36][37] - Adjusted operating margins were 3.5%, compared to 6% last year, primarily due to a decline in restaurant level margin and inflationary pressures [37] Business Line Data and Key Metrics Changes - Outback's off-premise sales accounted for 26% of total sales, while Carrabba's reached 35% [36] - Traffic performance at Outback improved throughout the quarter, driven by the introduction of the Aussie three-course offering [20][19] - Carrabba's experienced positive comparable sales growth, attributed to strong off-premise sales and experiential events [20][78] Market Data and Key Metrics Changes - U.S. traffic was down 2% in Q2, showing a sequential improvement from Q1 [19] - The company is still losing market share in the industry, as defined by Black Box, indicating ongoing challenges in the casual dining sector [20] Company Strategy and Development Direction - The primary focus is on turning around Outback, with a strategy centered on improving service quality, value, and menu simplification [5][6][25] - The company is implementing a new organizational structure to enhance operational efficiency and support the turnaround efforts [6][10] - Investments of approximately $3 million in 2025 are planned for expanding tests related to service quality and value [30][43] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the need for time to reverse market share trends and emphasizes the importance of consistent execution in operations [20][32] - The company is committed to reducing debt leverage and returning capital to shareholders while maintaining healthy cash flow [32][40] - Future guidance for adjusted diluted earnings per share is set between $1 and $1.1, reflecting various operational challenges and investments [41] Other Important Information - The company has completed a repair and maintenance survey to prioritize remodels and improve asset conditions [88] - A quarterly dividend of $0.15 per share has been declared, payable on September 3, 2025 [40] Q&A Session Summary Question: Inquiry about Outback general managers' compensation structure - Management is assessing the compensation structure to ensure it aligns with market averages and drives growth in sales and profits [50][51] Question: Prioritization of Outback turnaround initiatives - Management believes they are in the early stages of the turnaround and emphasizes the importance of service model, steak quality, and value components [54][56] Question: Details on the Aussie three-course offering - The offering has led to increased traffic and value satisfaction, with many guests trading up to higher price points [59][60] Question: Insights from the initial Outback test restaurants - Management noted the brand's potential and the importance of consistency in service, quality, and ambiance [64][66] Question: Performance of Outback in various regions - Performance was consistent across all geographies in Q2, with no significant outliers [94][95]

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: consumer reaction to public health and food safety issues; increases in labor costs and fluctuations in the availability of and our ability to attract, train and retain employees; increases ...

NEWS Exhibit 99.1 Tara Kurian SVP, IR, FP&A, and International (813) 830-5311 Bloomin' Brands Announces 2025 Q2 Financial Results Q2 Diluted EPS of $0.29 and Q2 Adjusted Diluted EPS of $0.32 TAMPA, Fla., August 6, 2025 - Bloomin' Brands, Inc. (Nasdaq: BLMN) today reported results for the second quarter 2025 ("Q2 2025") compared to the second quarter 2024 ("Q2 2024"). CEO Comments "We are making progress to build a high capability team that is guest centric with an operational mindset," said Mike Spanos, CEO ...

Market Overview - Volatility in the U.S. stock market is expected to continue due to uncertainty regarding interest rate cuts, new tariffs, and geopolitical tensions, complicating portfolio management for individual investors [1] Investment Strategy - Selecting inappropriate stocks can negatively affect returns, undermining investment goals; adhering to broker advice is suggested as brokers possess extensive knowledge of stocks and the broader economy [2] Recommended Stocks - Broker-friendly stocks identified for potential healthy returns include BrightSpring Health Services (BTSG), GXO Logistics (GXO), BrightView Holdings (BV), Bloomin' Brands (BLMN), and Archer Daniels Midland Company (ADM) [3][9] Screening Methodology - A screening strategy was developed to identify stocks based on improving broker recommendations and upward revisions in earnings estimates over the past four weeks, incorporating the price/sales ratio as a valuation metric [4] Screening Criteria - The screening criteria include: - Top 75 companies with net upgrades in broker ratings over the last four weeks [5] - Top 10 stocks with positive earnings estimate revisions for the upcoming quarter [5] - Bottom 10% of stocks based on price/sales ratio [5] - Stocks priced above $5 to attract investor interest [5] - Average daily volume exceeding 100,000 shares over the last 20 trading days [6] - Top 3000 stocks by market capitalization [6] Company Highlights - **BrightSpring Health Services (BTSG)**: Expected earnings growth rate of 55.4% for 2025, with a projected revenue increase of 9.1% over 2024; currently holds a Zacks Rank 2 (Buy) [7][9] - **GXO Logistics (GXO)**: Benefits from increased e-commerce and cost-cutting efforts; projected revenue growth of 9.9% for 2025; currently holds a Zacks Rank 3 (Hold) [10][11] - **BrightView Holdings (BV)**: Largest commercial landscaper in the U.S., with expected earnings growth of 10.5% for 2025; currently holds a Zacks Rank 3 [12][13] - **Bloomin' Brands (BLMN)**: Performance driven by off-premise channels and technology upgrades; Zacks Consensus Estimate for 2025 earnings revised upward by 1.7% [14][15] - **Archer Daniels Midland Company (ADM)**: Focus on flexitarian diets and sustainable materials; currently holds a Zacks Rank 3 [16][17]

Group 1: Bloomin' Brands - Bloomin' Brands is facing challenges such as weak comparable store growth and rising costs, exacerbated by the divestiture of its Brazilian holding as part of a long-term repositioning strategy [3][4] - The company is focusing on core operations, simplifying the menu, improving efficiencies through technology investments, and implementing a value-oriented marketing campaign [4] - Despite business contraction, the dividend yield stands at 6.27% with a recent annual dividend of $0.60, and the payout ratio is notably high at -2,000% [3][4] Group 2: Flowers Foods - Flowers Foods is transitioning from traditional baked goods to healthier options, supported by strategic acquisitions to enhance its good-for-you portfolio [8][9] - The company has a dividend yield of 6.34% with an annual dividend of $0.99 and a payout ratio of 91.67%, indicating sustainability due to strong cash flow and a healthy balance sheet [8][9] - Institutional ownership is significant, with approximately 75% of shares held by institutions, and they have been actively buying in recent quarters [10] Group 3: Haverty Furniture Company - Haverty Furniture Company is experiencing sluggish home sales and consumer pullback, leading to eight consecutive quarters of revenue contraction, although growth is expected to resume in the latter half of 2025 [13][14] - The dividend yield is 6.16% with an annual dividend of $1.28, but the payout ratio is concerning at 101.59%, indicating higher risk [12][13] - The company maintains a strong balance sheet with no debt and a total liability of slightly more than one times equity, providing a robust financial position [15]

Core Insights - The article emphasizes the expertise of the company in analyzing restaurant stocks across various segments in the U.S. market, including QSR, fast casual, casual dining, fine dining, and family dining [1] Group 1: Company Overview - The company is led by a founder with a strong background in Business Administration and Accounting, holding an MBA in Forensic Accounting and Controllership [1] - The company employs advanced analytical models and specialized valuation techniques to provide detailed insights and actionable strategies for investors [1] Group 2: Industry Engagement - The company actively engages in academic and journalistic initiatives, contributing to institutions that promote individual and economic freedom [1] - Previous contributions include discussions on monetary policy, financial education, and financial modeling, aimed at making these subjects accessible to a broader audience [1]

Core Insights - Bloomin' Brands has shown strong stock performance with a 17% increase leading up to its first-quarter earnings, but weak guidance led to a 4.4% decline post-earnings [1][3] - The company operates popular chains like Outback Steakhouse and Carrabba's, allowing it to engage in various dining segments [2] - Despite beating quarterly revenue and earnings expectations, year-over-year figures were lower, and the company is losing market share [3][6] Financial Performance - The CEO acknowledged that the company is experiencing softness in demand, particularly among households earning under $100,000, contributing to lower guidance [6][8] - Comparable sales are forecasted to decline between 1.5% to 2.5% in the current quarter, with EPS expected between 22 to 27 cents, nearly 50% lower year-over-year at the high end [7][8] - The company maintains its full-year guidance for now, despite the challenges [8] Strategic Initiatives - The CEO highlighted issues with ingredient quality and customer experience consistency, leading to plans for a menu reduction across its chains [4][5] - The menu changes will focus on removing low-performing items and reducing seasonal promotions that require additional training [5] Valuation Metrics - The stock has a price-to-earnings (P/E) ratio of approximately 4.3x and a dividend yield over 7%, which may attract value-oriented investors [9] - However, other financial metrics indicate weakness, such as a price-to-sales (P/S) ratio of 0.17, which is 39.4% lower than its trailing-twelve-month average, and a debt-to-equity ratio of 7.66, which is 83.7% higher than its TTM average [14] Analyst Sentiment - Analysts have a consensus "Reduce" rating on the stock, with a price target of $13.85, suggesting an 84% potential increase [10] - Short interest in the stock has increased to over 10% of the float, indicating bearish sentiment [12] - Despite the challenges, the stock may become more appealing if economic conditions improve, such as interest rate cuts or lower inflation [12]

[PART I — FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20%E2%80%94%20FINANCIAL%20INFORMATION) [Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents the unaudited consolidated financial statements for Q1 2025, including balance sheets, income statements, cash flows, and notes on significant events [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) Total assets decreased to **$3.31 billion**, liabilities to **$2.92 billion**, while stockholders' equity significantly increased to **$384.9 million** due to the Brazil sale reclassification Balance Sheet Items (In thousands) | Balance Sheet Items (In thousands) | March 30, 2025 | December 29, 2024 | | :--- | :--- | :--- | | **Total Assets** | **$3,305,370** | **$3,384,805** | | Total Current Assets | $318,881 | $320,519 | | Property, fixtures and equipment, net | $951,544 | $948,521 | | Total Liabilities | $2,920,520 | $3,245,359 | | Total Current Liabilities | $778,465 | $952,336 | | Long-term debt, net | $917,610 | $1,027,398 | | **Total Stockholders' Equity** | **$384,850** | **$139,446** | - Assets and liabilities of discontinued operations, which were **$223.5 million** and **$137.8 million** respectively at year-end 2024, were removed from the balance sheet in Q1 2025 following the completion of the Brazil Sale Transaction[13](index=13&type=chunk)[34](index=34&type=chunk) [Consolidated Statements of Operations and Comprehensive Income (Loss)](index=5&type=section&id=Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income%20(Loss)) The company reported **$43.6 million** net income for Q1 2025, a turnaround from a **$82.3 million** net loss in Q1 2024, despite a slight revenue decrease Income Statement (In thousands) | Income Statement (In thousands) | Q1 2025 (Thirteen Weeks Ended Mar 30) | Q1 2024 (Thirteen Weeks Ended Mar 31) | | :--- | :--- | :--- | | Total Revenues | $1,049,594 | $1,069,073 | | Income from Operations | $57,231 | $70,917 | | Loss on extinguishment of debt | $0 | ($135,797) | | Net Income (Loss) | $43,596 | ($82,290) | | Net Income (Loss) Attributable to Bloomin' Brands | $42,152 | ($83,872) | | Diluted Earnings (Loss) Per Share | $0.50 | ($0.96) | - Comprehensive income was **$258.6 million**, boosted by a **$217.5 million** reclassification of foreign currency translation adjustments into earnings due to the sale of the Brazil business[15](index=15&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow remained stable at **$73.5 million**, while investing activities provided **$39.7 million** due to the Brazil sale, and financing activities used **$125.2 million** Cash Flow Summary (In thousands) | Cash Flow Summary (In thousands) | Q1 2025 (Thirteen Weeks Ended Mar 30) | Q1 2024 (Thirteen Weeks Ended Mar 31) | | :--- | :--- | :--- | | Net cash provided by operating activities | $73,465 | $73,786 | | Net cash provided by (used in) investing activities | $39,733 | ($64,585) | | Net cash (used in) provided by financing activities | ($125,240) | $8,758 | | **Net (decrease) increase in cash** | **($12,365)** | **$17,291** | | **Cash and cash equivalents at end of period** | **$57,691** | **$131,664** | - The primary driver for the positive cash flow from investing activities was the **$95.9 million** received from the sale of the Brazil business[20](index=20&type=chunk) - Financing activities in Q1 2025 were dominated by net repayments on the revolving credit facility (**$110 million**), whereas Q1 2024 included significant share repurchases (**$232.9 million**) and proceeds from debt-related transactions[23](index=23&type=chunk) [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) These notes detail the financial statements, covering the Brazil business sale, equity method investment, revenue disaggregation, debt, stock-based compensation, and segment performance - The company completed the sale of **67%** of its ownership interest in its Brazil business on December 30, 2024, resulting in its treatment as a discontinued operation and a retained **33%** equity method interest[31](index=31&type=chunk)[39](index=39&type=chunk) - The company declared and paid a cash dividend of **$0.15** per common share during the first fiscal quarter of 2025, totaling **$12.7 million**[67](index=67&type=chunk) - As of March 30, 2025, the company was in compliance with all debt covenants[60](index=60&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=25&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2025 financial results, including revenue decrease, comparable sales decline, cost inflation, Brazil sale impact, liquidity, and capital expenditure plans [Results of Operations](index=30&type=section&id=MD%26A_Results_of_Operations) Total revenues decreased by **1.8%** in Q1 2025, with U.S. comparable restaurant sales down **0.5%** due to traffic declines and increased food and labor costs U.S. Comparable Restaurant Sales (Year-over-Year % Change) | U.S. Comparable Restaurant Sales (YoY % Change) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Outback Steakhouse | (1.3)% | (1.2)% | | Carrabba's Italian Grill | 1.4% | 0.4% | | Bonefish Grill | (4.0)% | (4.9)% | | Fleming's Prime Steakhouse & Wine Bar | 5.1% | (2.0)% | | **Combined U.S.** | **(0.5)%** | **(1.6)%** | - Combined U.S. traffic declined by **3.9%** in Q1 2025, following a **4.3%** decline in Q1 2024[132](index=132&type=chunk) - Cost pressures were evident, with food and beverage costs rising due to **0.7%** commodity inflation and **0.9%** unfavorable product mix, while labor costs increased by **1.1%** as a percentage of sales due to wage rate inflation[140](index=140&type=chunk)[141](index=141&type=chunk) [Segment Performance](index=33&type=section&id=MD%26A_Segment_Performance) U.S. segment income from operations decreased to **$87.7 million** due to lower sales and cost inflation, while International Franchise income slightly declined to **$9.0 million** Segment Performance (In thousands) | Segment Performance (In thousands) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | **U.S. Segment** | | | | Total Revenues | $1,030,903 | $1,043,104 | | Income from Operations | $87,670 | $97,484 | | **International Franchise Segment** | | | | Franchise Revenues | $9,283 | $10,112 | | Income from Operations | $9,004 | $9,689 | [Liquidity and Capital Resources](index=37&type=section&id=MD%26A_Liquidity_and_Capital_Resources) The company holds **$57.7 million** in cash with **$583.7 million** available on its credit facility, planning **$190-210 million** in 2025 capital expenditures and continuing shareholder returns - The company received **$103.9 million** in net cash proceeds from the Brazil Sale Transaction, which was used to pay down its revolving credit facility[173](index=173&type=chunk) - Estimated capital expenditures for 2025 are projected to be between **$190 million** and **$210 million**[174](index=174&type=chunk) - The company declared a quarterly cash dividend of **$0.15** per share in April 2025, with **$96.8 million** remaining available under the share repurchase program as of March 30, 2025[176](index=176&type=chunk)[177](index=177&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=41&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No material changes have occurred in the company's market risk exposures, including commodity prices, labor inflation, foreign currency, and interest rates, since year-end 2024 - There have been no material changes in the company's market risk profile concerning commodity prices, labor inflation, foreign currency, and interest rates since December 29, 2024[190](index=190&type=chunk) [Controls and Procedures](index=41&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that disclosure controls were effective as of March 30, 2025, with no material changes to internal control over financial reporting - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the reporting period, March 30, 2025[191](index=191&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[192](index=192&type=chunk) [PART II — OTHER INFORMATION](index=42&type=section&id=PART%20II%20%E2%80%94%20OTHER%20INFORMATION) [Legal Proceedings](index=42&type=section&id=Item%201.%20Legal%20Proceedings) This section refers readers to Note 15 of the financial statements for details on the company's legal proceedings - For details on legal proceedings, the report refers to Note 15 - Commitments and Contingencies in the financial statements[195](index=195&type=chunk) [Risk Factors](index=42&type=section&id=Item%201A.%20Risk%20Factors) The company reports no material changes to the risk factors previously disclosed in its 2024 Annual Report on Form 10-K - There have been no material changes to the risk factors described in the company's 2024 Form 10-K[196](index=196&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=42&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No unregistered equity sales occurred in Q1 2025, and no common stock was repurchased under the 2024 Share Repurchase Program, which has **$96.8 million** remaining authorization - No shares of common stock were repurchased during the thirteen weeks ended March 30, 2025[199](index=199&type=chunk) - As of March 30, 2025, **$96.8 million** remained available for repurchase under the 2024 Share Repurchase Program, which expires on August 13, 2025[198](index=198&type=chunk)[199](index=199&type=chunk) [Other Information](index=42&type=section&id=Item%205.%20Other%20Information) No company directors or executive officers adopted, modified, or terminated a Rule 10b5-1 trading arrangement during Q1 2025 - During Q1 2025, no company directors or executive officers adopted, modified, or terminated a Rule 10b5-1 trading plan[200](index=200&type=chunk) [Exhibits](index=43&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including the 2025 Omnibus Incentive Compensation Plan and CEO/CFO certifications - Filed exhibits include the Bloomin' Brands, Inc. 2025 Omnibus Incentive Compensation Plan and related award agreements[201](index=201&type=chunk) - Certifications from the Chief Executive Officer and Chief Financial Officer pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 are included as exhibits[201](index=201&type=chunk)