Business
Bloomin’ Brands Announces 2025 Q1 Financial Results
Q1 Diluted EPS of $0.50 and Q1 Adjusted Diluted EPS of $0.59 TAMPA, Fla.--(BUSINESS WIRE)-- Bloomin’ Brands, Inc. (Nasdaq: BLMN) today reported results for
About this update from Bloomin' Brands, Inc.
[{"type":"text","content":"\nQ1 Diluted EPS of $0.50 and Q1 Adjusted Diluted EPS of $0.59\n\n TAMPA, Fla.--(BUSINESS WIRE)--\nBloomin’ Brands, Inc. (Nasdaq: BLMN) today reported results for the first quarter 2025 (“Q1 2025”) compared to the first quarter 2024 (“Q1 2024”).\n\nCEO Comments\n“We continue to make progress on our operating priorities to simplify the business and consistently deliver a great guest experience while balancing our longer-term priorities to turnaround Outback and drive sustainable sales and profit growth,” said Mike Spanos, CEO. “We are navigating a choppy macro environment and are leaning in to our abundant everyday value offerings. This is reflected in our current guidance.”\n\nDiluted EPS and Adjusted Diluted EPS\nThe following table reconciles Diluted earnings (loss) per share from continuing operations to Adjusted diluted earnings per share from continuing operations for the periods indicated (unaudited):\n\n\n\n \n\n\n\nQ1\n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n2025\n\n\n \n\n \n\n\n\n \n\n\n\n2024\n\n\n\n \n\n\n\n \n\n\n\nCHANGE\n\n\n\n\n\nDiluted earnings (loss) per share:\n\n\n\n$\n\n\n\n0.50\n\n\n \n\n \n\n\n\n$\n\n\n\n(1.00\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n1.50\n\n\n\n \n\n\n\n\n\nAdjustments (1)\n\n\n\n \n\n\n\n0.09\n\n\n \n\n \n\n\n\n \n\n\n\n1.64\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n(1.55\n\n\n\n)\n\n\n\n\n\nAdjusted diluted earnings per share (1)\n\n\n\n$\n\n\n\n0.59\n\n\n \n\n \n\n\n\n$\n\n\n\n0.64\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n(0.05\n\n\n\n)\n\n\n\n\n\n \n\n\n\n \n\n\n \n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n_______________\n(1) Adjustments for Q1 2025 primarily include severance and other costs incurred as a result of transformational and restructuring initiatives. Adjustments for Q1 2024 primarily include losses in connection with the retirement of the $83.6 million of our outstanding convertible notes and charges in connection with the 2023 Restaurant Closures. See non-GAAP Measures later in this release. Also see Tables Four, Five and Six for details regarding the nature of diluted earnings (loss) per share adjustments for the periods presented.\n\n\n\n\nFirst Quarter Financial Results from Continuing Operations\n\n\n\n(dollars in millions, unaudited)\n\n\n\nQ1 2025\n\n\n\n \n\n\n\nQ1 2024\n\n\n\n \n\n\n\nCHANGE\n\n\n\n\n\nTotal revenues\n\n\n\n$\n\n\n\n1,049.6\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1,...