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 ...

Bloomin' Brands, Inc. (NASDAQ:BLMN) Q3 2021 Earnings Conference Call November 2, 2021 8:15 AM ET Company Participants Mark Graff - Senior Vice President and Investor Relations David Deno - Chief Executive Officer Chris Meyer - Executive Vice President and Chief Financial Officer Conference Call Participants Jeffrey Bernstein - Barclays Brian Mullan - Deutsche Bank Brett Levy - MKM partners John Glass - Morgan Stanley Jeff Farmer - Gordon Haskett John Ivankoe - JPMorgan Jared Garber - Goldman Sachs Brian Vac ...

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 27, 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 oth ...

Bloomin' Brands, Inc. (NASDAQ:BLMN) Q2 2021 Earnings Conference Call July 30, 2021 8:30 AM ET Company Participants Mark Graff - SVP, IR & Finance David Deno - CEO Chris Meyer - EVP & CFO Conference Call Participants Jeff Priester - Barclays Brett Levy - MKM Partners John Ivankoe - JPMorgan Jeff Farmer - Gordon Haskett Brian Mullan - Deutsche Bank Sharon Zackfia - William Blair Brian Vaccaro - Raymond James Alex Slagle - Jefferies Lauren Silberman - Credit Suisse Karen Holthouse - Wells Fargo Operator Greeti ...

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 March 28, 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 ot ...

Bloomin' Brands, Inc. Q1 2021 Earnings Conference Call April 29, 2021 9:00 AM ET Company Participants Mark Graff - GVP, Investor Relations David Deno - CEO Chris Meyer - EVP & CFO Conference Call Participants Jeffrey Bernstein - Barclays Alex Slagle - Jefferies Brett Levy - MKM Partners Brian Vaccaro - Raymond James Sharon Zackfia - William Blair Karen Holthouse - Wells Fargo Operator Greetings, and welcome to Bloomin’ Brands Fiscal First Quarter 2021 Earnings Conference Call. At this time, all participants ...

Financial Performance - Total revenues decreased by 23.4% to $3.2 billion in 2020 compared to 2019, primarily due to lower comparable restaurant sales and franchise revenues related to the COVID-19 pandemic [221]. - Loss from operations was $175.0 million in 2020, a significant decline from income of $191.1 million in 2019, driven by reduced sales and costs associated with the pandemic [222]. - Net loss attributable to common stockholders was $162.2 million in 2020, compared to net income of $130.6 million in 2019 [221]. - Total revenues for fiscal year 2020 were $3,144.6 million, a decrease from $4,075.0 million in 2019, primarily due to lower comparable restaurant sales attributed to the COVID-19 pandemic [238]. - Comparable restaurant sales in the U.S. decreased by 19.9% in fiscal year 2020, with Outback Steakhouse experiencing a decline of 16.9% [241]. - The net loss attributable to Bloomin' Brands for fiscal year 2020 was 5.0%, compared to a net income of 3.2% in 2019 [236]. - The operating loss margin for the consolidated results was (5.5)% in 2020, compared to a margin of 4.6% in 2019 [284]. - For fiscal year 2020, Bloomin' Brands reported a net loss attributable to common stockholders of $162.2 million, compared to a net income of $130.6 million in 2019 [286]. - Adjusted net loss income for 2020 was $60.8 million, a significant decrease from the adjusted net income of $138.6 million in 2019 [286]. Operational Changes - As of December 27, 2020, 85% of restaurant dining rooms were open, albeit with limited seating capacity due to COVID-19 restrictions [227]. - The company plans to enhance the customer experience and drive sustainable sales growth through investments in digital marketing, restaurant remodeling, and loyalty programs [223]. - Bloomin' Brands opened 40 new restaurants in fiscal year 2020, partially offsetting the decline in sales from restaurant closures [238]. - The company anticipates franchise revenues from Out West to remain consistent with 2020 levels, depending on COVID-19-related restrictions [245]. - The company reported COVID-19-related costs of $14.3 million in fiscal year 2020, impacting overall financial performance [284]. Asset and Liability Management - Total assets decreased to $3.36 billion in 2020 from $3.59 billion in 2019, reflecting the impact of the pandemic [221]. - Total current assets decreased to $323,854 thousand in 2020 from $340,468 thousand in 2019, a decline of 4.2% [407]. - Total liabilities decreased to $3,351,150 thousand in 2020 from $3,415,202 thousand in 2019, a reduction of 1.9% [407]. - As of December 27, 2020, Bloomin' Brands had $1.1 billion in outstanding borrowings under its Senior Secured Credit Facility and 2025 Notes [298]. - The company has $533.7 million in available unused borrowing capacity under its revolving credit facility as of December 27, 2020 [299]. Cost Management - Food and beverage costs as a percentage of restaurant sales decreased to 31.3% in 2020 from 31.4% in 2019, attributed to cost-saving initiatives [246]. - Labor and related expenses decreased to $1,005.3 million in 2020 from $1,207.3 million in 2019, representing 32.0% of restaurant sales compared to 29.6% in 2019, an increase of 2.4% [249]. - Other restaurant operating expenses were $846.6 million in 2020, up from $982.1 million in 2019, accounting for 26.9% of restaurant sales, an increase of 2.8% [251]. - Depreciation and amortization expenses decreased to $180.3 million in 2020 from $196.8 million in 2019 [252]. - Labor cost inflation is anticipated to be approximately 3.0% to 3.5% in 2021 [250]. Shareholder Returns - Cash dividends declared per common share were reduced to $0.20 in 2020 from $0.40 in 2019 [221]. - The company suspended its quarterly cash dividend and stock repurchases in response to the COVID-19 pandemic [289]. - The company declared and paid dividends of $0.20 per share in Q1 2020, down from $0.10 per share in 2019, with total dividends paid in 2020 amounting to $17.5 million [325][327]. Market and Economic Conditions - The company expects commodity costs to remain flat in 2021 [248]. - The company expects to pass increased commodity prices to customers through menu price increases, although competitive circumstances may limit this flexibility [370]. - The company is exposed to foreign currency exchange risk primarily related to fluctuations in the Brazilian Real against the U.S. dollar, which could negatively impact operating results if exchange rates depreciate [367]. - In 2020, 9.0% of the company's revenue was generated in foreign currencies, with a 10% change in average foreign currency rates potentially impacting total revenues by $30.6 million and net income by $1.7 million [368].