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.
Total revenues decreased by 1.8% to $1,049.6 million in Q1 2025 compared to Q1 2024.
Diluted EPS from continuing operations was $0.50, a significant improvement from $(1.00) in Q1 2024.
Adjusted diluted EPS from continuing operations was $0.59, slightly down from $0.64 in Q1 2024.
GAAP operating income margin decreased to 5.5% from 6.6% in the prior year, primarily due to lower restaurant-level operating margin and transformational costs.
Bloomin' Brands reaffirmed its full-year financial guidance and provided expectations for Q2 2025, anticipating a decrease in U.S. comparable restaurant sales and diluted EPS.
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