Bloomin' Brands reported a decrease in total revenues primarily due to restaurant closures and a decrease in comparable restaurant sales. Despite a challenging macro environment, the company is focusing on operational priorities to simplify the business and drive sustainable sales and profit growth.
Bloomin' Brands reported a net loss of $(0.93) per share for Q4 2024, but an adjusted EPS of $0.38. Total revenues were $1,096.8 million, down 8.2% compared to Q4 2023. The company completed the sale of 67% of its Brazil operations and provided a full-year 2025 financial outlook.
Bloomin' Brands announced Q3 2024 financial results, with a decrease in total revenues by 3.8% compared to Q3 2023. Diluted EPS was reported at $0.08, and adjusted diluted EPS at $0.21. The company updated its full-year guidance and announced a strategic re-franchise of its Brazil operations with Vinci Partners.
Bloomin' Brands reported Q2 2024 financial results, with diluted EPS at $0.32 and adjusted diluted EPS at $0.51. Total revenues were $1,118.9 million, a decrease of 2.9% compared to Q2 2023. The company updated its full-year 2024 guidance to reflect current industry trends and is focused on sustainable growth.
Bloomin' Brands reported a solid start to the year with sales and profit meeting expectations in Q1 2024. Diluted EPS was reported at $(0.96), while adjusted diluted EPS was $0.70. The company retired $83.6 million of convertible notes during the quarter. Total revenues were $1,195.3 million, a decrease of 4.0% compared to Q1 2023.
Bloomin' Brands reported a 9.1% increase in total revenues to $1,194.2 million for Q4 2023, driven by the 53rd week, foreign currency translation, and net impact of restaurant openings and closures. Diluted EPS was $0.45, and adjusted diluted EPS was $0.75. The company's Board of Directors approved a new $350 million share repurchase authorization.
Bloomin' Brands reported Q3 2023 financial results with a diluted EPS of $0.45, up 32% from Q3 2022, and an adjusted diluted EPS of $0.44, up 26% from Q3 2022. The company updated its 2023 guidance for U.S. comparable restaurant sales and EPS, driven by a reduction in traffic assumptions.
Bloomin' Brands reported a strong second quarter with earnings above expectations and revenues in line. The company's performance reflects investments in customer experience and the ongoing execution of its growth strategy. They reaffirmed 2023 guidance for U.S. comparable restaurant sales and EPS.
Bloomin' Brands reported a strong start to the year with enhanced sales and profits in Q1 2023. The company's Q1 results reflected efforts to elevate the customer experience and drive healthy top-line growth, leading to the achievement of their 2023 goals.
Bloomin' Brands announced its Q4 2022 financial results, with diluted EPS at $0.61 and adjusted diluted EPS at $0.68. The company's total revenues increased by 4.6% to $1,095.0 million, driven by higher comparable restaurant sales and the net impact of restaurant openings and closures. The company also declared a quarterly cash dividend of $0.24 per share, a 71% increase, and authorized a new $125 million share repurchase program.
Bloomin' Brands reported strong Q3 2022 results with a 1.4% increase in combined U.S. comparable restaurant sales growth. Diluted EPS was $0.34, and adjusted diluted EPS was $0.35. The company reiterated its full-year adjusted EPS expectations and declared a quarterly cash dividend of $0.14 per share.
Bloomin' Brands reported Q2 2022 results, highlighting the strength of their portfolio despite increased inflationary headwinds and a softening macro environment. The company's ability to leverage its off-premises business and digital capabilities enabled them to deliver on their commitments. They are focused on elevating guest experience and driving sustainable sales and profits.
Bloomin' Brands reported a strong Q1 2022, with a 14.0% increase in combined U.S. comparable restaurant sales growth. Diluted EPS was $0.73, and adjusted diluted EPS was $0.80. The company raised its full-year guidance for revenue, profit, and EPS expectations. A quarterly cash dividend of $0.14 per share was declared.
Bloomin' Brands announced strong Q4 2021 results, marked by significant growth in sales, margin, and earnings. The company's strategy execution led to sustained gains in off-premises sales, increased digital engagement, and improved operational efficiencies. Bloomin' Brands also reinstated its quarterly dividend and authorized a new $125 million share repurchase program.
Bloomin' Brands announced strong Q3 2021 results driven by significant sales, margin, and earnings growth. Total revenues increased by 31.0% compared to Q3 2020, primarily due to higher comparable restaurant sales. Diluted EPS was $0.03, and adjusted diluted EPS was $0.57.
Bloomin' Brands announced strong Q2 2021 financial results, with diluted EPS of $0.75 and adjusted diluted EPS of $0.81. The company saw comparable restaurant sales growth of 65.8% at Outback Steakhouse and 84.6% combined in the U.S. Sales momentum continued into the third quarter, with U.S. comp sales up 15.2% on a two-year basis versus 2019.
Bloomin' Brands announced strong Q1 2021 financial results, with diluted EPS of $0.63 and adjusted diluted EPS of $0.72. The company saw comparable restaurant sales growth of 4.1% at Outback Steakhouse and 3.3% combined in the U.S. Digital revenue increased by 147% compared to 2020, and sales trends strengthened in the second quarter to date.
Bloomin' Brands reported Q4 2020 results, showing resilience amidst a rapidly changing environment. The company is focused on improving margins, increasing cash flow, and reducing debt. U.S. comp sales were down 12.9% through the first seven weeks of the fiscal year.
Bloomin' Brands reported Q3 2020 results, showing sales and profits above expectations, with U.S. comp sales exceeding Knapp trends by over 850 basis points. The company generated positive cash flow while paying down debt through improved sales recovery and disciplined cost management.
Bloomin' Brands reported a challenging second quarter due to the COVID-19 pandemic, with a significant drop in revenue and operating income. However, the company highlighted strengthening sales trends and positive cash flow in June, driven by off-premises sales and disciplined cost management.
Bloomin' Brands reported a decrease in total revenues and a net loss for Q1 2020, primarily due to the COVID-19 pandemic. However, the company saw a significant increase in off-premises sales and began reopening dining rooms with enhanced safety measures. They also strengthened their liquidity position through the issuance of $200 million convertible notes.
Bloomin' Brands announced strong Q4 2019 results, with diluted EPS and adjusted diluted EPS both at $0.32. The company saw comparable restaurant sales growth in both the U.S. and Brazil. Looking ahead, Bloomin' Brands provided a 2020 financial outlook and announced a doubling of its annual dividend from $0.40 to $0.80.