Bloomin' Brands, Inc. (NASDAQ:BLMN) Q4 2022 Earnings Conference Call February 16, 2023 8:15 AM ET Company Participants Mark Graff - SVP-IR David Deno - CEO Chris Meyer - EVP and CFO Conference Call Participants Jeffrey Bernstein - Barclays Alex Slagle - Jefferies Lauren Silberman - Credit Suisse John Ivankoe - JPMorgan Jeff Farmer - Gordon Haskett Jon Tower - Citigroup Dennis Geiger - USB Andrew Strelzik - BMO Capital Markets Brian Vaccaro - Raymond James Operator Greetings, and welcome to the Bloomin' Bran ...

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 September 25, 2022 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) Delaware 20-8023465 (State o ...

Bloomin' Brands, Inc. (NASDAQ:BLMN) Q3 2022 Earnings Conference Call October 28, 2022 8:15 AM ET Company Participants Mark Graff - SVP-IR David Deno - CEO Chris Meyer - EVP and CFO Conference Call Participants Jeffrey Bernstein - Barclays Alex Slagle - Jefferies Lauren Silberman - Credit Suisse John Ivankoe - JPMorgan Jared Garber - Goldman Sachs Jon Tower - Citigroup Brian Vaccaro - Raymond James Brian Mullan - Deutsche Bank Andrew Strelzik - BMO Capital Markets Dennis Geiger - USB Operator Greetings, and ...

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 26, 2022 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) Delaware 20-8023465 (State or oth ...

Bloomin' Brands, Inc. (NASDAQ:BLMN) Q2 2022 Earnings Conference Call July 29, 2022 8:15 AM ET Company Participants Mark Graff – Senior Vice President-Investor Relations David Deno – Chief Executive Officer Chris Meyer – Executive Vice President and Chief Financial Officer Conference Call Participants Jeffrey Bernstein – Barclays Sharon Zackfia – William Blair Alex Slagle – Jefferies Lauren Silberman – Credit Suisse John Glass – Morgan Stanley John Ivankoe – JPMorgan Jeff Farmer – Gordon Haskett Jon Tower – ...

Financial Performance - Total revenues for the thirteen weeks ended March 27, 2022, were $1,140,535, an increase of 15.5% compared to $987,473 for the same period in 2021[14] - Net income attributable to Bloomin' Brands for the thirteen weeks ended March 27, 2022, was $75,511, representing a 9.5% increase from $68,862 in the prior year[14] - Restaurant sales increased to $1,123,575 for the thirteen weeks ended March 27, 2022, compared to $979,451 for the same period in 2021, reflecting a growth of 14.7%[14] - Basic earnings per share for the thirteen weeks ended March 27, 2022, were $0.85, up from $0.78 in the same period of 2021, an increase of 9%[14] - The company reported comprehensive income of $91,069 for the thirteen weeks ended March 27, 2022, compared to $65,248 for the same period in 2021, an increase of 39.6%[14] - Net income for the thirteen weeks ended March 27, 2022, was $77,694, compared to $69,798 for the same period in 2021, representing an increase of approximately 2.6%[21] - Franchise revenues grew significantly to $13,406, compared to $6,789 in the prior year, marking an increase of about 97.4%[29] - Total segment income from operations reached $141,110 thousand, compared to $125,272 thousand in the prior year, marking an increase of 12.6%[106] - Adjusted diluted earnings per share increased to $0.80 for the thirteen weeks ended March 27, 2022, compared to $0.72 for the same period in 2021, reflecting a growth of 11.1%[146] Assets and Liabilities - Total current assets decreased to $271,287 as of March 27, 2022, down from $352,792 as of December 26, 2021, a decline of 23%[12] - Total liabilities decreased to $2,910,099 as of March 27, 2022, compared to $3,071,421 as of December 26, 2021, a reduction of 5.2%[12] - Cash and cash equivalents increased to $97,795 as of March 27, 2022, from $87,585 as of December 26, 2021, an increase of 13.7%[12] - Total stockholders' equity increased to $293,257 as of March 27, 2022, from $222,850 as of December 26, 2021, a growth of 31.6%[12] - Total long-term debt, net, as of March 27, 2022, was $711.025 million, a decrease from $782.107 million as of December 26, 2021, indicating a reduction of approximately 9.1%[48] - Other long-term liabilities decreased to $90.5 million as of March 27, 2022, down from $125.2 million on December 26, 2021[59] - Current liabilities decreased from $984.6 million as of December 26, 2021, to $935.6 million as of March 27, 2022[170] - Working capital deficit increased from $631.8 million to $664.4 million during the same period[170] Cash Flow and Investments - Net cash provided by operating activities was $147,135, compared to $141,026 in the previous year, showing a growth of approximately 4.4%[21] - Capital expenditures increased to $(40,180) from $(17,411) year-over-year, indicating a rise of approximately 130%[21] - Net cash used in investing activities was $(39,150), compared to $(16,618) in the prior year, reflecting an increase of about 135%[21] - Cash dividends paid on common stock amounted to $(12,559) during the current period, with no dividends paid in the prior year[21] - The company had net cash provided by operating activities of $147.1 million for the thirteen weeks ended March 27, 2022, compared to $141.0 million for the same period in 2021[166] - The increase in net cash used in investing activities was primarily due to higher capital expenditures, totaling $39.2 million for the thirteen weeks ended March 27, 2022[167] Shareholder Returns - The company declared cash dividends of $0.14 per common share during the period[18] - The Company declared a quarterly cash dividend of $0.14 per share, totaling $12.6 million for the first fiscal quarter of 2022[61] - The Company has a share repurchase program authorized for up to $125.0 million, with $113.3 million remaining available as of March 27, 2022[60] - A total of 550,517 shares were repurchased at an average price of $21.26 per share during the period from February 21, 2022, to March 27, 2022[181] Operational Efficiency - Restaurant-level operating margin was 17.1%, down from 18.8% in the first quarter of 2021, indicating a decrease in operational efficiency[107] - The total costs and expenses as a percentage of total revenues decreased to 90.6% for the thirteen weeks ended March 27, 2022, from 90.8% in the prior year, indicating improved operational efficiency[117] - Labor and related expenses decreased to $312.5 million for the thirteen weeks ended March 27, 2022, from $274.6 million in the prior year, a change of 13.5%[126] - Other restaurant operating expenses were $259.1 million, down from $229.3 million, representing a decrease as a percentage of restaurant sales from 23.4% to 23.1%[127] Tax and Legal Matters - The effective income tax rate for the thirteen weeks ended March 27, 2022, was 17.0%, an increase of 8.4 percentage points compared to 8.6% for the same period in 2021[82] - The company recorded reserves of $7.5 million for legal proceedings as of March 27, 2022, compared to $7.1 million as of December 26, 2021[87] Market and Economic Conditions - The company experienced commodity and wage rate inflation, which partially offset the increases in income from operations[138] - There have been no material changes in market risk since December 26, 2021, including interest rates, foreign currency exchange rates, and commodity prices[173]

Bloomin' Brands, Inc. (NASDAQ:BLMN) Q1 2022 Earnings Conference Call April 29, 2022 8:15 AM ET Company Participants Mark Graff - Senior Vice President of Investor Relations David Deno - Chief Executive Officer Chris Meyer - Executive Vice President & Chief Financial Officer Conference Call Participants Jeffrey Bernstein - Barclays Sharon Zackfia - William Blair Alex Slagle - Jefferies John Ivankoe - JPMorgan John Glass - Morgan Stanley Lauren Silberman - Credit Suisse Jeff Farmer - Gordon Haskett Brian Vacc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 26, 2021 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) Delaware 20-8023465 (State or other j ...

Financial Performance - Adjusted Q4 2021 diluted earnings per share was $0.60, up 88% from $0.32 in Q4 2019 [7][27] - Total revenues in Q4 were $1.05 billion, a 2.4% increase from 2019, driven by a 5.3% increase in U.S. comparable restaurant sales [24][27] - Adjusted operating income margin was 7.8% in Q4 versus 4.2% in 2019, with adjusted restaurant level operating margin at 16.5% [27][28] - The company paid down approximately $300 million of debt in 2021, improving credit metrics below the goal of 3 times lease-adjusted leverage [10][30] Business Lines Performance - U.S. off-premises sales exceeded $1 billion in 2021, up 147% versus 2019, with profit margins approaching those of in-restaurant business [14][18] - Carrabba's saw 46% growth in catering sales in 2021 versus 2019, indicating strong performance in off-premises channels [15] - Brazil Q4 comps were up 8.5% versus 2019, reflecting strong execution and reduced COVID-related restrictions [26] Market Performance - U.S. comp sales finished up 4.5% versus 2019 and up 30.5% versus 2020 [9] - Off-premises accounted for 26% of U.S. volume in Q4, with third-party delivery growing to 11% of U.S. revenues [25] - The Southeast region continues to perform well, with improvements noted in the Midwest and Northeast [62] Company Strategy and Industry Competition - The company aims to grow in-restaurant sales by enhancing service levels and food offerings, particularly at Outback [12] - Plans to leverage operating margin gains by reducing costs and increasing sales through targeted digital advertising [16][17] - The company is focused on becoming more digitally savvy, with 70% of total U.S. off-premises sales through digital channels in 2021 [18][19] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in sustaining operating margins despite anticipated inflation, targeting a range of 7.5% to 8% for the full year [45] - The company expects commodity inflation between 11% and 13% in 2022, with labor inflation in the high single-digit range [31][35] - Management remains optimistic about revenue trends, particularly as the impact of the Omicron variant subsides [94][96] Other Important Information - The company reinstated a quarterly dividend of $0.14 per share and authorized a new $125 million share repurchase program [30] - Capital expenditures for 2022 are expected to be between $225 million and $240 million, driven by new restaurant openings and technology investments [38] Q&A Session Summary Question: Operating margins outlook for 2022 - Management expects to maintain an operating margin of 7.5% to 8% despite inflationary pressures, with traffic and mix shift being key variables [45][46] Question: Menu pricing strategy - The company implemented a 5% price increase to offset inflation, with a focus on maintaining value for consumers [49][50] Question: Growth prospects for Carrabba's - Carrabba's has shown significant growth, particularly in off-premises sales, and management is optimistic about future expansion opportunities [58][60] Question: Labor environment and retention strategies - The labor market remains competitive, but retention levels are strong, and management is focused on improving the quality of life for employees [66][99] Question: Marketing strategies for 2022 - Marketing will be adjusted based on ROI, with a focus on digital channels rather than broad-scale discounting [73][74] Question: Expansion plans in Brazil - Brazil is a key focus for growth, with strong same-store sales and unit expansion plans in place [82][84]

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 September 26, 2021 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) Delaware 20-8023465 (State o ...