---
schema_version: "secwatch.filing_event.v1"
accession: "0001546417-24-000109"
form_type: "8-K"
ticker: "BLMN"
cik: "0001546417"
company_name: "Bloomin' Brands, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T18:05:16.973395+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bloomin' Brands CEO David Deno retires; Q1 adjusted EPS $0.70, explores sale of Brazil operations

## Summary
- CEO David Deno retiring after 12 years; board leading search for successor; Deno to remain until transition completed.
- Q1 adjusted diluted EPS $0.70 (down from $0.98); GAAP EPS $(0.96) due to convertible note retirement and closure charges.
- Total revenues $1.195B, down 4% YoY; U.S. comparable sales -1.6%.
- Board exploring strategic alternatives for Brazil operations, including possible sale; retained BofA Securities.
- FY2024 guidance: adjusted EPS reaffirmed $2.51-$2.66; GAAP EPS lowered to $0.79-$0.94; commodity inflation lowered to 2-3%.

## SEC filing metadata
- accession: 0001546417-24-000109
- form_type: 8-K
- ticker: BLMN
- cik: 0001546417
- company_name: Bloomin' Brands, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1546417/000154641724000109/0001546417-24-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1546417/000154641724000109/blmn-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001546417-24-000109
- JSON: https://secwatch.observer/filing/0001546417-24-000109.json
- Plain text: https://secwatch.observer/filing/0001546417-24-000109.txt

## Key facts
- Earnings Releases
  Bloomin' Brands, Inc. reported first quarter 2024 results: revenue $ 1,195.3, EPS $(0.96). Guidance reaffirmed.
  - Period: first quarter 2024
  - Revenue: $ 1,195.3
  - EPS: $(0.96)
  - Guidance: reaffirmed
  - Result: reported results
  source text: as further discussed below. See non-GAAP Measures later in this release. First Quarter Financial Results (dollars in millions, unaudited) Q1 2024 Q1 2023 CHANGE Total revenues $ 1,195.3 $ 1,244.7 (4.0) % GAAP operating income margin 6.4 % 9.7 % (3.3) % Adjusted operating income margin (1) 7.5 % 9.7 % (2.2) % Restaurant-level operating margin (1) 16.0 % 17.9 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1546417/000154641724000109/0001546417-24-000109-index.htm
- Executive change
  David J. Deno departed as Chief Executive Officer at Bloomin' Brands, Inc..
  - Action: retire
  - Role: Chief Executive Officer
  source text: On May 2, 2024, David J. Deno informed the Board of Directors (the “Board”) of Bloomin’ Brands, Inc. of his intention to retire from his role as Chief Executive Officer and as a member of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1546417/000154641724000109/0001546417-24-000109-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.