Financial Performance - Bloomin' Brands reported revenue of $1.05 billion for the quarter ended March 2025, a year-over-year decline of 12.2% [1] - The EPS for the same period was $0.59, down from $0.70 a year ago, with a surprise of +3.51% compared to the consensus estimate of $0.57 [1][3] - The reported revenue exceeded the Zacks Consensus Estimate of $1.04 billion, resulting in a surprise of +1.32% [1] Comparable Restaurant Sales - Comparable restaurant sales for Bonefish Grill decreased by 4%, compared to an estimated decline of 1.1% [4] - Combined U.S. comparable restaurant sales were down 0.5%, better than the average estimate of -1.2% [4] - Carrabba's Italian Grill saw an increase in comparable restaurant sales of 1.4%, surpassing the estimated decline of 0.5% [4] - Fleming's Prime Steakhouse and Wine Bar reported a 5.1% increase in comparable restaurant sales, compared to an average estimate of 1.6% [4] - Outback Steakhouse experienced a decline of 1.3%, better than the estimated decline of 2.1% [4] Restaurant Count and Revenue Breakdown - The total number of system-wide restaurants was 1,466, exceeding the average estimate of 1,430 [4] - Franchise and other revenues were reported at $20.08 million, slightly below the average estimate of $20.10 million, but representing a year-over-year increase of 26.8% [4] - Restaurant sales amounted to $1.03 billion, slightly above the average estimate of $1.02 billion, but reflecting a year-over-year decline of 12.7% [4] Stock Performance - Bloomin' Brands shares returned +26.7% over the past month, outperforming the Zacks S&P 500 composite's +10.6% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Financial Data and Key Metrics Changes - Total revenues in Q1 2025 were $1,050 million, down 1.8% from 2024, primarily due to restaurant closures and a decrease in comparable restaurant sales [22][24] - U.S. comparable restaurant sales were negative 50 basis points, with traffic down 390 basis points, which was below the casual dining industry [22][23] - Q1 GAAP diluted earnings per share were $0.50 compared to negative $1 in 2024, while adjusted diluted earnings per share were $0.59 versus $0.64 in 2024 [24][25] - Adjusted operating margins were 6.1%, down from 7.8% last year, driven by a decline in restaurant level margin and inflationary pressures [25][26] Business Line Data and Key Metrics Changes - Positive comparable sales were noted at Carrabba's and Fleming's, but overall performance was below industry standards [8][10] - Off-premises sales accounted for 23% of total U.S. sales, with third-party delivery making up 11% [23] - Menu simplification efforts included reducing menu items by approximately 10% at Outback and 20% at Bonefish, aimed at improving execution and guest satisfaction [12][13][66] Market Data and Key Metrics Changes - The company experienced a disappointing February, including a weaker Valentine's Day week, and noted a consumer pullback during the Easter holiday [9][10] - Households earning under $100,000 were identified as the most pressured demographic, impacting overall sales [44][78] Company Strategy and Development Direction - The company is focused on three operating priorities: simplifying the agenda, delivering a great guest experience, and turning around Outback Steakhouse [10][17] - A third-party consulting firm has been hired to assist with strategy and cost-saving initiatives, with a commitment to reducing debt leverage post-Brazil transaction [20][27] - The company aims to reinvest in restaurants, reduce debt leverage to below 3.0 times, and return capital to shareholders [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed dissatisfaction with financial and market share results, acknowledging the need for improvement in the current choppy macro environment [9][10] - The outlook for the remainder of the year assumes continued challenges, particularly in consumer spending and holiday performance [38][39] - Management is committed to transparency regarding results and business progress throughout the year [10][19] Other Important Information - The Board declared a quarterly dividend of $0.15 per share, payable on June 4, 2025, with $97 million remaining under the share authorization program [28] - The company expects to be at the low end of its full-year adjusted diluted earnings per share range of $1.20 to $1.40, influenced by the extinguished Brazil tax benefit and cautious consumer behavior [29][30] Q&A Session Summary Question: Outlook for the remainder of the year - Management acknowledged underperformance compared to industry benchmarks and emphasized the need for improvement in value perception and operational execution [36][37] Question: Softer holiday trends - Management noted that while some brands performed well, overall results were below expectations, particularly among households earning under $100,000 [43][44] Question: Same store sales and traffic performance - Management indicated that the entire value proposition needs to be addressed, focusing on food quality, value, and consistency of execution [46][47] Question: Price and mix component of same store sales - Mix was relatively flat in Q1, with expectations for a slight decline in Q2 due to the impact of value offers [50][51] Question: Employee feedback on execution - Employees expressed a desire for simpler execution processes and less complexity in operations [60][61] Question: Test stores performance - Management reported positive feedback from test stores regarding food quality and guest experience, with plans for a deliberate rollout based on learnings [87][88] Question: Current value construct effectiveness - Management acknowledged the need to improve the value proposition, particularly at Outback, and emphasized the iterative nature of their approach [92][93]

Financial Data and Key Metrics Changes - Total revenues in Q1 2025 were $1,050 million, down 1.8% from 2024, primarily due to restaurant closures and a decrease in comparable restaurant sales [22][24] - U.S. comparable restaurant sales were negative 50 basis points, with traffic down 390 basis points [22] - Q1 GAAP diluted earnings per share were $0.50 compared to negative $1 in 2024, while adjusted diluted earnings per share were $0.59 versus $0.64 in 2024 [24][25] - Adjusted operating margins were 6.1%, down from 7.8% last year, driven by a decline in restaurant level margin and inflationary pressures [25][26] Business Line Data and Key Metrics Changes - Positive comparable sales were noted at Carrabba's and Fleming's, but overall performance was below industry standards [8][10] - Off-premises sales accounted for 23% of total U.S. sales, with third-party delivery making up 11% [23] - Menu simplification efforts included reducing menu items by approximately 10% at Outback and Carrabba's, with further reductions planned [12][13] Market Data and Key Metrics Changes - The company experienced a disappointing February, including a weaker Valentine's Day week, and noted a consumer pullback during the Easter holiday [9][10] - Households earning under $100,000 were identified as the most pressured demographic affecting sales [43][79] Company Strategy and Development Direction - The company is focused on three operating priorities: simplifying the agenda, delivering a consistent guest experience, and turning around Outback [10][18] - A third-party consulting firm has been hired to assist with strategy and cost-saving initiatives [20] - The company aims to reduce debt leverage below 3.0 times lease-adjusted net leverage and reinvest in restaurants [21][20] Management's Comments on Operating Environment and Future Outlook - Management expressed dissatisfaction with financial and market share results, acknowledging the need for improvement [9][10] - The outlook for the remainder of the year assumes a continuation of a choppy macro environment and cautious consumer behavior [38][30] - Management is committed to transparency regarding results and business progress throughout the year [10][19] Other Important Information - The Board declared a quarterly dividend of $0.15 per share, payable on June 4, 2025 [28] - The company expects to be at the low end of its full-year adjusted diluted earnings per share range of $1.20 to $1.40 [28][29] Q&A Session Summary Question: Outlook for the remainder of the year and learnings from recent weeks - Management acknowledged underperformance compared to industry benchmarks and emphasized progress on operational priorities [37][38] Question: Value mix at Outback and profitability of value offers - Management noted that Outback is currently priced higher than competitors and is working on improving the value proposition [40] Question: Softer holiday special occasion trends - Management indicated that while some brands performed well, results were below expectations, particularly among households under $100,000 [43][44] Question: Same store sales and traffic performance - Management stated that share trends are cumulative and require improvements in food quality, value, and execution consistency [46] Question: Price and mix component of same store sales - Management reported that mix was relatively flat in Q1 but expects a slight decline in Q2 due to promotional impacts [50] Question: Employee feedback on execution and complexity - Employees expressed a desire for simpler execution processes and less complexity in operations [61] Question: Test stores performance and rollout timing - Management is encouraged by results from test stores and is focused on learning before a full rollout [88] Question: Current value construct effectiveness - Management confirmed that the current value proposition needs to be addressed, especially at Outback, and will continue to iterate based on customer feedback [93]

Core Insights - Bloomin' Brands (BLMN) reported quarterly earnings of $0.59 per share, exceeding the Zacks Consensus Estimate of $0.57 per share, but down from $0.70 per share a year ago, indicating a 15.71% year-over-year decline [1] - The company achieved revenues of $1.05 billion for the quarter, surpassing the Zacks Consensus Estimate by 1.32%, but down from $1.2 billion year-over-year, reflecting a 12.5% decrease [2] - Bloomin' Brands has underperformed the market, with shares down approximately 35.1% year-to-date compared to the S&P 500's decline of 4.7% [3] Earnings Performance - The company has surpassed consensus EPS estimates two times over the last four quarters [2] - The earnings surprise for the latest quarter was 3.51%, with no surprise in the previous quarter where actual earnings matched expectations [1][2] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.36 on revenues of $985.29 million, and for the current fiscal year, it is $1.28 on revenues of $3.91 billion [7] - The estimate revisions trend for Bloomin' Brands is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Retail - Restaurants industry, to which Bloomin' Brands belongs, is currently in the bottom 20% of the Zacks industry rankings, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Bloomin' Brands' stock performance [5]

Financial Data and Key Metrics Changes - Total revenues in Q1 were $1,050 million, down 1.8% from 2024, primarily due to restaurant closures and a decrease in comparable restaurant sales [21] - U.S. comparable restaurant sales were negative 50 basis points, with traffic down 390 basis points [22] - Q1 GAAP diluted earnings per share was $0.50, compared to negative $1 in 2024, while adjusted diluted earnings per share was $0.59, down from $0.64 in 2024 [23][24] - Q1 adjusted operating margins were 6.1%, down from 7.8% last year, driven by a decline in restaurant level margin and inflationary pressures [24] Business Line Data and Key Metrics Changes - Positive comparable sales were noted at Carrabba's and Fleming's, but overall performance was below industry standards [6] - Off-premises sales accounted for 23% of total U.S. sales, with third-party delivery making up 11% [22] Market Data and Key Metrics Changes - The company experienced a disappointing February, including Valentine's Day week, and noted a softer Easter holiday than anticipated [7] - The macro environment remains choppy, impacting consumer behavior and spending [8] Company Strategy and Development Direction - The company is focused on three operating priorities: simplifying the agenda, delivering a great guest experience, and turning around Outback Steakhouse [8][15] - Menu simplification is underway, with reductions in menu items across various brands to enhance execution and guest satisfaction [10][11] - A third-party consulting firm has been hired to assist with strategy and cost-saving initiatives [18] Management's Comments on Operating Environment and Future Outlook - Management expressed dissatisfaction with financial and market share results, acknowledging the need for improvement [7] - The outlook for the year assumes continued challenges in the macro environment, with cautious consumer behavior impacting sales [29] - The company anticipates being at the low end of its full-year adjusted diluted earnings per share range due to various factors, including the loss of a tax benefit from Brazil [27][28] Other Important Information - The Board declared a quarterly dividend of $0.15 per share, payable on June 4, 2025 [27] - The company aims to reduce debt leverage to below 3.0 times lease-adjusted net leverage [20] Q&A Session Summary Question: Outlook for the remainder of the year and learnings from recent weeks - Management acknowledged underperformance compared to industry benchmarks and emphasized progress on operational priorities [35][36] Question: Softer holiday special occasion trends - Management noted decent results but below expectations, particularly among households earning under $100,000 [42] Question: Price and mix component of same store sales - Mix was relatively flat in Q1, with expectations for a slight decline in Q2 due to value offers [49] Question: Employee feedback on execution and complexity - Employees desire a simpler execution process and have provided valuable insights on food quality and consistency [61] Question: Test stores performance and rollout timing - Encouraging results from test stores were reported, with a focus on learning and deliberate implementation of successful strategies [86][88] Question: Current value construct effectiveness - Management indicated the need to address the value proposition, especially at Outback, and emphasized the iterative nature of their approach [91][92]

[Financial Performance Overview](index=1&type=section&id=Financial%20Performance%20Overview) Bloomin' Brands reported a decline in Q1 2025 revenues and comparable sales, while reaffirming full-year guidance and maintaining capital returns [Q1 2025 Key Financial Results](index=1&type=section&id=Q1%202025%20Key%20Financial%20Results) Bloomin' Brands reported Q1 2025 revenues of **$1.05 billion**, down **1.8%**, with diluted EPS at **$0.50**, up from **($1.00)** in Q1 2024 - CEO Mike Spanos stated the company is making progress on operating priorities to simplify the business and is navigating a choppy macro environment by emphasizing **everyday value offerings**[4](index=4&type=chunk) Q1 2025 vs Q1 2024 Earnings Per Share | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | Diluted EPS | $0.50 | $(1.00) | $1.50 | | Adjusted Diluted EPS | $0.59 | $0.64 | $(0.05) | Q1 2025 Financial Highlights from Continuing Operations (dollars in millions) | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | Total revenues | $1,049.6 | $1,069.1 | (1.8)% | | GAAP operating income margin | 5.5% | 6.6% | (1.1)% | | Adjusted operating income margin | 6.1% | 7.8% | (1.7)% | | Restaurant-level operating margin | 13.9% | 15.4% | (1.5)% | - The decrease in total revenues was primarily driven by the net impact of restaurant closures and openings, along with a decrease in comparable restaurant sales[6](index=6&type=chunk) - The decline in restaurant-level operating margin was attributed to **lower revenues**, **higher operating, labor, and commodity costs** due to inflation, and unfavorable product mix, partially offset by higher average checks from pricing and cost-saving initiatives[14](index=14&type=chunk) [Q1 2025 Comparable Restaurant Sales](index=2&type=section&id=First%20Quarter%20Comparable%20Restaurant%20Sales) Combined U.S. comparable restaurant sales decreased by **0.5%** in Q1 2025, with varied brand performance Q1 2025 U.S. Company-Owned Comparable Restaurant Sales | Brand | Comparable Sales Growth | | :--- | :--- | | Outback Steakhouse | (1.3)% | | Carrabba's Italian Grill | 1.4% | | Bonefish Grill | (4.0)% | | Fleming's Prime Steakhouse & Wine Bar | 5.1% | | **Combined U.S.** | **(0.5)%** | [Capital Allocation](index=2&type=section&id=Dividend%20Declaration%20and%20Share%20Repurchases) The company declared a **$0.15** per share quarterly dividend and has **$96.8 million** remaining for share repurchases - A quarterly cash dividend of **$0.15** per share was declared on April 23, 2025, payable on June 4, 2025[9](index=9&type=chunk) - No share repurchases were made in 2025, with **$96.8 million** remaining under the 2024 Share Repurchase Program[9](index=9&type=chunk) [Financial Outlook](index=2&type=section&id=Fiscal%202025%20Financial%20Outlook) Bloomin' Brands reaffirmed full-year 2025 guidance, projecting Q2 U.S. comparable sales decline and adjusted diluted EPS of **$0.22-$0.27** - The company reaffirmed its full-year financial guidance for fiscal 2025[10](index=10&type=chunk) Q2 2025 Financial Outlook | Metric | Q2 2025 Outlook | | :--- | :--- | | U.S. comparable restaurant sales | (2.5%) to (1.5%) | | Diluted earnings per share | $0.20 to $0.25 | | Adjusted diluted earnings per share | $0.22 to $0.27 | [Detailed Financial Statements](index=5&type=section&id=Detailed%20Financial%20Statements) Detailed financial statements show Q1 2025 revenue and operating income declines, improved net income, and reduced debt [Consolidated Statements of Operations (Table One)](index=5&type=section&id=TABLE%20ONE%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) Q1 2025 total revenues decreased to **$1.05 billion**, with net income of **$42.2 million**, a recovery from a prior-year loss Q1 2025 Consolidated Statement of Operations Highlights (in thousands) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Total revenues | $1,049,594 | $1,069,073 | | Income from operations | $57,231 | $70,917 | | Loss on extinguishment of debt | $— | $(135,797) | | Net income (loss) from continuing operations | $43,850 | $(85,198) | | Net income (loss) attributable to Bloomin' Brands | $42,152 | $(83,872) | | Diluted EPS from continuing operations | $0.50 | $(1.00) | [Segment Results (Table Two)](index=6&type=section&id=TABLE%20TWO%20SEGMENT%20RESULTS) The U.S. segment reported **$1.03 billion** in revenues and **$87.7 million** in operating income, while International Franchise contributed **$9.0 million** Q1 2025 Segment Performance (in thousands) | Segment | Total Revenues | Income from Operations | | :--- | :--- | :--- | | **Q1 2025** | | | | U.S. Segment | $1,030,903 | $87,670 | | International Franchise | $9,283 | $9,004 | | **Q1 2024** | | | | U.S. Segment | $1,043,104 | $97,484 | | International Franchise | $10,112 | $9,689 | [Supplemental Balance Sheet Information (Table Three)](index=6&type=section&id=TABLE%20THREE%20SUPPLEMENTAL%20BALANCE%20SHEET%20INFORMATION) As of March 30, 2025, cash was **$57.7 million**, total debt **reduced to $917.6 million**, and stockholders' equity **increased to $384.9 million** Balance Sheet Highlights (in thousands) | Metric | March 30, 2025 | December 29, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $57,691 | $70,056 | | Total assets | $3,305,370 | $3,384,805 | | Total debt | $917,610 | $1,027,398 | | Total stockholders' equity | $384,850 | $139,446 | [Non-GAAP Reconciliations](index=7&type=section&id=Non-GAAP%20Reconciliations) Non-GAAP reconciliations provide adjusted operating income, net income, and EPS, highlighting operational profitability and non-recurring impacts [Restaurant-Level Operating Income Reconciliation (Table Four)](index=7&type=section&id=TABLE%20FOUR%20RESTAURANT-LEVEL%20AND%20ADJUSTED%20RESTAURANT-LEVEL%20OPERATING%20INCOME%20AND%20MARGINS%20NON-GAAP%20RECONCILIATIONS) Q1 2025 restaurant-level operating income was **$142.8 million** (**13.9%** margin), a decline from **$161.6 million** (**15.4%** margin) in Q1 2024 Reconciliation to Restaurant-Level Operating Income (in thousands) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Income from continuing operations | $57,231 | $70,917 | | Restaurant-level operating income | $142,828 | $161,583 | | Restaurant-level operating margin | 13.9% | 15.4% | | Adjusted restaurant-level operating income | $142,828 | $162,017 | | Adjusted restaurant-level operating margin | 13.9% | 15.5% | [Adjusted Income from Operations Reconciliation (Table Five)](index=8&type=section&id=TABLE%20FIVE%20ADJUSTED%20INCOME%20FROM%20OPERATIONS%20AND%20MARGIN%20NON-GAAP%20RECONCILIATIONS) Q1 2025 adjusted income from operations was **$63.7 million** (**6.1%** margin), down from **$83.9 million** (**7.8%** margin) in Q1 2024 Reconciliation to Adjusted Income from Operations (in thousands) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Income from continuing operations | $57,231 | $70,917 | | Total adjustments | $6,457 | $12,955 | | Adjusted income from operations | $63,688 | $83,872 | | Adjusted operating income margin | 6.1% | 7.8% | - Key adjustments in Q1 2025 included **$6.1 million** in severance and restructuring costs and **$2.3 million** in costs related to foreign currency forward contracts from the Brazil sale[34](index=34&type=chunk)[35](index=35&type=chunk) [Adjusted Net Income and EPS Reconciliation (Table Six)](index=9&type=section&id=TABLE%20SIX%20ADJUSTED%20NET%20INCOME%20AND%20ADJUSTED%20DILUTED%20EARNINGS%20PER%20SHARE%20NON-GAAP%20RECONCILIATIONS) Q1 2025 adjusted net income was **$50.0 million** (**$0.59**/share), lower than Q1 2024's **$60.9 million** (**$0.64**/share) after adjustments Reconciliation to Adjusted Net Income and EPS (in thousands, except per share data) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net income (loss) attributable to Bloomin' Brands from continuing operations | $42,406 | $(86,780) | | Net adjustments, continuing operations | $7,587 | $147,709 | | Adjusted net income, continuing operations | $49,993 | $60,929 | | Diluted EPS, continuing operations | $0.50 | $(1.00) | | Adjusted diluted EPS, continuing operations | $0.59 | $0.64 | - The largest adjustment in Q1 2024 was a **$135.8 million** loss on the extinguishment of debt related to the repurchase of convertible notes[38](index=38&type=chunk)[39](index=39&type=chunk) [Operational Metrics](index=10&type=section&id=Operational%20Metrics) Operational metrics detail restaurant portfolio changes, including Brazil reclassification, and analyze comparable sales drivers by brand [Restaurant Portfolio Changes (Table Seven)](index=10&type=section&id=TABLE%20SEVEN%20COMPARATIVE%20RESTAURANT%20INFORMATION) System-wide restaurant count increased by **3 units** to **1,466** in Q1 2025, including reclassification of **193 Brazil restaurants** to franchised Q1 2025 Restaurant Count Changes | Category | Dec 29, 2024 | Openings | Closures | Other (Reclass) | Mar 30, 2025 | | :--- | :--- | :--- | :--- | :--- | :--- | | U.S. total | 1,116 | 4 | (7) | — | 1,113 | | International Franchise total | 145 | 7 | (2) | 193 | 343 | | System-wide total | 1,463 | 12 | (9) | — | 1,466 | - Following the sale of Brazil operations, all restaurants in that market (**193 units**) now operate as unconsolidated franchisees and were reclassified from company-owned[42](index=42&type=chunk)[43](index=43&type=chunk) [Detailed Comparable Restaurant Sales Analysis (Table Eight)](index=11&type=section&id=TABLE%20EIGHT%20COMPARABLE%20RESTAURANT%20SALES%20INFORMATION) Combined U.S. comparable sales declined **0.5%** due to lower traffic offset by higher average checks, with varied brand performance Q1 2025 U.S. Comparable Sales Breakdown (YoY % Change) | Brand | Comp Sales | Traffic | Avg. Check | | :--- | :--- | :--- | :--- | | Outback Steakhouse | (1.3)% | (4.1)% | 2.8% | | Carrabba's Italian Grill | 1.4% | (0.3)% | 1.7% | | Bonefish Grill | (4.0)% | (9.4)% | 5.4% | | Fleming's Prime Steakhouse | 5.1% | (0.5)% | 5.6% | | **Combined U.S.** | **(0.5)%** | **(3.9)%** | **3.4%** |

Industry Overview - The restaurant industry is navigating a dynamic environment influenced by digital innovation, changing consumer expectations, and economic pressures [1] - Companies are facing tariff-related uncertainties but are likely benefiting from alternative raw material solutions and compelling product offerings [1] Earnings Expectations - Total earnings for the Zacks Retail-Wholesale sector are expected to rise by 1.6% year over year, with revenues projected to increase by 4% year over year [5] - Potbelly Corporation, Dine Brands Global, Inc., and Bloomin' Brands, Inc. are set to report their first-quarter earnings on May 7 [1][7] Company-Specific Insights Potbelly Corporation - Potbelly's first-quarter performance is expected to benefit from digital momentum and the relaunch of its Perks loyalty program, along with menu innovation [8] - The Zacks Consensus Estimate for Potbelly's first-quarter 2025 revenues is $112.6 million, indicating a growth of 1.3% from the previous year, while EPS is expected to show a loss of 2 cents, a deterioration of 300% [10][11] Dine Brands Global, Inc. - Dine Brands' performance is likely to be supported by operational improvements and brand revitalization efforts, including the Applebee's Looking Good reimage program [12] - The Zacks Consensus Estimate for Dine Brands' first-quarter 2025 revenues is $215.3 million, indicating a growth of 4.4%, while EPS is expected to be $1.18, a decline of 11.3% from the previous year [13] Bloomin' Brands, Inc. - Bloomin' Brands is expected to benefit from off-premise channels, remodeling efforts, and technology upgrades [14] - The Zacks Consensus Estimate for Bloomin' Brands' first-quarter 2025 revenues is $1.04 billion, indicating a deterioration of 13.3%, with EPS expected to be 57 cents, a decline of 18.6% [16]

J.P. Morgan analyst John Ivankoe cut the price forecast for Bloomin’ Brands, Inc. BLMN from $13.00 to $10.00 while retaining a Neutral rating.The analyst says that the transition of the previously owned Brazil business to a royalty-based, capital-light model, combined with reduced capital expenditure for new units and strong liquidity, positions the brand and company for long-term success. Meanwhile, the analyst says that near-term challenges remain.Ivankoe says the company has relied too heavily on strateg ...

My previous investment thought on Bloomin’ Brands (NASDAQ: BLMN ) was a hold rating because the business was undergoing a turnaround phase, which I believed the market would not react positively until thereI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-term. Ultimately, I ...

For the fiscal year ended December 29, 2024 or FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ 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 inc ...