Bloomin’ Brands(BLMN) - 2023 Q1 - Quarterly Report

Financial Performance - Total revenues for the thirteen weeks ended March 26, 2023, were $1,244,746, an increase of 9.1% from $1,140,535 for the same period in 2022[30] - Restaurant sales increased to $1,228,234 for the thirteen weeks ended March 26, 2023, compared to $1,123,575 in the prior year, reflecting a growth of 9.3%[30] - Net income attributable to Bloomin' Brands for the thirteen weeks ended March 26, 2023, was $91,311, up 20.9% from $75,511 in the same period of 2022[30] - Income from operations increased to $120,633 for the thirteen weeks ended March 26, 2023, compared to $107,256 in the prior year, representing a growth of 12.5%[30] - Basic earnings per share for the thirteen weeks ended March 26, 2023, were $1.02, compared to $0.85 for the same period in 2022, an increase of 20%[30] - Total costs and expenses for the thirteen weeks ended March 26, 2023, were $1,124,113, up from $1,033,279 in the prior year, indicating an increase of 8.8%[30] - Comprehensive income attributable to Bloomin' Brands was $90,177 million, slightly down from $91,069 million in the prior year[30] Revenue Breakdown - U.S. total revenues reached $1,092,996 for the thirteen weeks ended March 26, 2023, compared to $1,036,407 in the same period of 2022, marking a 5.5% increase[41] - International revenues increased significantly to $151,750 for the thirteen weeks ended March 26, 2023, from $104,128 in the prior year, reflecting a growth of 45.5%[41] - U.S. segment revenues were $1,092.996 million, an increase from $1,036.407 million, while international segment revenues rose to $151.750 million from $104.128 million[41] Operational Metrics - The company operated 1,184 full-service restaurants and franchised 313 full-service restaurants as of March 26, 2023[38] - The company operated 1,184 full-service restaurants and franchised 313 restaurants across 47 states and 13 countries as of March 26, 2023[38] Tax Provision - The company reported a provision for income taxes of $14.761 million for the current period, down from $15.929 million in the previous year[30]