Core Insights - Bloomin' Brands reported Q3 CY2025 revenue of $928.8 million, exceeding analyst expectations of $904.8 million, despite a year-on-year decline of 10.6% [5] - The company posted a non-GAAP loss of $0.03 per share, significantly better than the consensus estimate of a loss of $0.13, representing a 76% beat [5] - The market reacted negatively to the results, reflecting investor concerns over ongoing operational challenges, particularly at Outback Steakhouse [3] Financial Performance - Revenue: $928.8 million vs analyst estimates of $904.8 million (10.6% year-on-year decline, 2.7% beat) [5] - Adjusted EPS: -$0.03 vs analyst estimates of -$0.13 (76% beat) [5] - Adjusted EBITDA: $49.69 million vs analyst estimates of $47.38 million (5.4% margin, 4.9% beat) [5] - Operating Margin: -3.9%, down from 1.7% in the same quarter last year [5] - Same-Store Sales rose 1.2% year on year, compared to a decline of 1.5% in the same quarter last year [5] - Market Capitalization: $544.4 million [5] Strategic Focus - The company is executing a multi-year turnaround strategy centered on Outback Steakhouse, with investments aimed at improving steak quality, service, and marketing [4] - Management has identified approximately $75 million in investments planned from 2026 to 2028, focusing on enhancing guest experience and operational simplification [4] - CEO Michael Spanos emphasized the need to address challenges such as complex menus and unclear brand positioning to improve consistency and value perception [3]