Highest-materiality recent filing
Bloomin' Brands Q1 EPS $0.64 ($0.67 adj.) on revenue $1.06B, up 1% YoY; outlook reaffirmed
Diluted EPS $0.64 (adj. $0.67) vs. $0.50 ($0.59 adj.) in Q1 2025.
GAAP diluted EPS from continuing ops: ($0.14); adjusted diluted EPS $0.26, up from $0.22 in Q4 2024.
Bloomin' Brands Q3 GAAP loss $0.54/shr; suspends dividend, unveils turnaround
Total revenue $928.8M (+2.1% YoY); GAAP operating loss margin (3.9%) vs 0.9%.
Bloomin' Brands Q2 adjusted EPS $0.32, rev $1,002.4M; comp sales -0.1%; guides Q3 loss
Q2 diluted EPS $0.29, adjusted $0.32 vs $0.45 last year; revenue $1,002.4M (+0.3%).
Eric Christel appointed EVP and CFO-Elect effective Aug 4; will become CFO on or about Sept 8, 2025, succeeding Michael Healy.
Bloomin' Brands Q1: Revenue -1.8%, adjusted EPS $0.59; Q2 outlook soft
Q1 diluted EPS $0.50 GAAP, adjusted $0.59; revenue $1.05B, down 1.8% YoY.
Bloomin' Brands Q4 revenues down 8.2%; GAAP loss $0.93/sh; guides 2025 adj EPS $1.20-$1.40
Q4 consolidated revenue $1.1B (-8.2% YoY); U.S. comp sales -1.1% (Outback -1.8%, Fleming's +3.0%).
Bloomin' Brands cuts ~100 support jobs (~17%) in Tampa, expects $22M annual savings
Workforce reduction of ~100 employees at Restaurant Support Center in Tampa (17% of support center).
Closed sale of 67% of Brazil unit to Osaka Participações (Vinci Partners fund) for R$1.4B (~$225M); $117.2M received at close.
Bloomin' Brands sells 67% stake in Brazil ops for R$1.4B (~$243M) to Vinci Partners
Enterprise value of Brazil ops set at R$2.06B; purchase price for 67% is R$1.4B (~$243M), paid 52% at close, 48% one year later.
Bloomin' Brands Q3 adj EPS $0.21 vs $0.41; cuts FY24 guidance; sells 67% Brazil ops for ~$243M
Q3 total revenues $1,038.8M, down 3.8% YoY; U.S. comps -1.5%, Brazil Outback -3.6%.
Bloomin' Brands expands revolver to $1.2B, extends maturity to 2029
Revolver increased from $1.0B to $1.2B under new credit agreement dated Sept 19, 2024.
Bloomin' Brands appoints Mike Spanos as CEO effective Sept 3, 2024; David Deno retires
Mike Spanos named CEO and board member, starts Sept 3, 2024; replaces retiring David Deno.
Bloomin' Brands Q2 adj. EPS $0.51 vs $0.70 YoY; cuts FY 2024 guidance
Q2 GAAP EPS $0.32; adjusted EPS $0.51, down from $0.70 YoY.
Bloomin' Brands CEO David Deno retires; Q1 adjusted EPS $0.70, explores sale of Brazil operations
CEO David Deno retiring after 12 years; board leading search for successor; Deno to remain until transition completed.
Bloomin' Brands appoints William Michael Healy as EVP and CFO effective April 1, 2024
Healy previously served as EVP, Global Business Development and Strategy since Nov 2023.
Bloomin' Brands enters $220M ASR and exchanges $83.6M convertible notes for equity
ASR agreement with Wells Fargo to repurchase ~$220M of common stock; initial delivery of ~6.5M shares on March 4.
Bloomin' Brands Q4 adj. EPS of $0.75 beats $0.68; CFO Meyer to retire; $350M buyback
Q4 GAAP diluted EPS $0.45 vs $0.61 YoY; adjusted diluted EPS $0.75 vs $0.68 YoY.
Dave George, former COO of Darden Restaurants, and Jon Sagal, Starboard partner, appointed to board effective Jan 2, 2024.
Bloomin' Brands Q3 EPS $0.45 (+32% YoY); lowers FY2023 comp and EPS guidance
Q3 diluted EPS $0.45 (adjusted $0.44); revenue $1.08B, +2.3% YoY.
Bloomin' Brands Q2 adjusted EPS $0.74, revenue $1.15B up 2.4%; reaffirms FY outlook
Diluted EPS $0.70, adjusted diluted EPS $0.74 vs $0.68 a year ago.
Bloomin' Brands Q1 EPS $0.93 ($0.98 adj.) on revenue $1.24B; U.S. comps +5.1%
Diluted EPS $0.93, adjusted $0.98, up from $0.73/$0.80 in Q1 2022.
Bloomin' Brands Q4 adj EPS $0.68, revenue $1.095B; raises dividend 71%, new $125M buyback
Q4 diluted EPS $0.61 GAAP, $0.68 adjusted, vs. $0.59/$0.60 in year-ago quarter. Revenue $1,095.0M (+4.6% YoY).
Bloomin' Brands Q3 rev up 4.5%, adj EPS $0.35; reaffirms FY adjusted EPS outlook
Q3 total revenues $1.056B (+4.5% YoY); GAAP diluted EPS $0.34, adjusted diluted EPS $0.35.
Bloomin' Brands Q2 adj. EPS $0.68 vs $0.81; revenue up 4.4%; raises FY revenue outlook
Q2 revenue $1,125.2M (+4.4% YoY); GAAP diluted EPS -$0.72 on $125M convertible note repurchase; adj. EPS $0.68.
Bloomin' Brands exchanges $125M of convertible notes for cash and stock; reduces outstanding debt
Exchanges $125M aggregate principal of 5.00% Convertible Senior Notes due 2025 (~54% of outstanding), leaving $105M outstanding.
Bloomin' Brands Q1 EPS $0.73 beats prior year; raises full-year adjusted EPS guidance to $2.45-$2.55
Q1 revenue $1.14B (+15.5% YoY); U.S. comp sales +14.0%; diluted EPS $0.73 (adj. $0.80) vs. $0.63 ($0.72) YoY.
the Board increased the size of the Board from ten (10) directors to eleven (11) directors and appointed James Dinkins as director of the Company, effective February 12, 2025.
On January 8, 2025 , the Board of Directors (the “Board”) of Bloomin’ Brands, Inc. (the “Company”), appointed Patrick Hafner to serve as EVP, President, Outback Steakhouse, effective January 20, 2025.
Mr. Deno will retire from the Board and his role as Chief Executive Officer effective September 3, 2024 and will remain employed by the Company through December 31, 2024 as a transition period at his current rate of base salary and receive his 2024 bonus following his departure at the estimated level of Company performance.
Brett Patterson, the Company’s Executive Vice President, President of Outback Steakhouse, has resigned from the Company effective as of September 27, 2024 as he has accepted a position at another company.
On August 21, 2024 , the Board of Directors (the “Board”) of Bloomin’ Brands, Inc. (the “Company”), appointed Michael L. “Mike” Spanos to serve as a director and Chief Executive Officer, effective September 3, 2024.
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.
appointed William Michael Healy to serve as Executive Vice President and Chief Financial Officer, effective April 1, 2024.
On February 20, 2024, Christopher Meyer, the Company’s Chief Financial Officer notified the Company of his intention to retire from the Company in 2024.
Pursuant to the Agreement, on January 2, 2024, Mr. George and Mr. Sagal were appointed to the Board.
Pursuant to the Agreement, on January 2, 2024, Mr. George and Mr. Sagal were appointed to the Board.
On November 13, 2023, John Gainor informed Bloomin’ Brands, Inc. (the “Company”) of his intention to resign from his role as a member of the Board of Directors, effective as of November 13, 2023.
On October 2, 2023, Bloomin’ Brands, Inc. (the “Company”) implemented organizational design changes that will result in the elimination of the Executive Vice President, Chief Operating Officer of Casual Dining Restaurants position following a transition period ending on March 15, 2024.
Max materiality 0.90 · Median 0.65 · Most common event leadership