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Dec 29, 2024
Bloomin' Brands Q4 2024 Earnings Report
Bloomin' Brands reported mixed Q4 2024 results with a net loss, but adjusted EPS showed a profit. The sale of a majority stake in Brazil operations was completed, and a full-year 2025 financial outlook was provided.
Key Takeaways
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.
Q4 2024 diluted EPS was $(0.93), while adjusted diluted EPS was $0.38.
Total revenues for Q4 2024 were $1,096.8 million, a decrease of 8.2% compared to Q4 2023.
The sale of 67% of the Brazil operations was completed on December 30, 2024.
Full-year 2025 financial outlook includes US comparable restaurant sales between (2.0%) to Flat and adjusted diluted EPS of $1.20 to $1.40.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Bloomin' Brands provided its financial outlook for 2025, including expectations for US comparable restaurant sales, diluted earnings per share, adjusted diluted earnings per share, and effective income tax rate. They also provided their Q1 2025 outlook.
Positive Outlook
- U.S. comparable restaurant sales between (2.0%) to Flat
- Diluted earnings per share $1.08 to $1.28
- Adjusted diluted earnings per share $1.20 to $1.40
- Effective income tax rate Close to 0%
- Number of new franchised restaurants Approximately 30
Challenges Ahead
- U.S. comparable restaurant sales (1.5%) to (0.5%)
- Diluted earnings per share $0.48 to $0.53
- Adjusted diluted earnings per share $0.55 to $0.60
- Commodity inflation 2.5% to 3.5%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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