Bloomin’ Brands Announces Turnaround Strategy, Releases 2025 Q3 Financial Results

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[{"type":"text","content":"\n \n\n TAMPA, Fla.--(BUSINESS WIRE)--\nBloomin’ Brands, Inc. (Nasdaq: BLMN) today reported results for the third quarter 2025 (“Q3 2025”) compared to the third quarter 2024 (“Q3 2024”).\n\nCEO Comments\n“We have great momentum in our business as demonstrated by our third quarter results,” said Mike Spanos, CEO. “All four brands drove positive comparable store sales growth for the first time since Q1 2023. Our teams continue to focus on consistency of execution in food quality and the guest experience, the foundation for our turnaround.”\n\n“I am excited to announce our turnaround strategy, with a focus on the Outback Steakhouse brand. In support of our strategy, we will reallocate available free cash flow into strategic investments in our base business and pay down debt. As a result, we have suspended the dividend. We believe our strategic plan will drive long-term, sustainable and profitable growth.”\n\nDiluted EPS and Adjusted Diluted EPS\nThe following table reconciles Diluted loss per share from continuing operations to Adjusted diluted (loss) earnings per share from continuing operations for the periods indicated (unaudited):\n\n\n\n \n\n\n\nQ3\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\n2024\n\n\n\n \n\n\n\nCHANGE\n\n\n\n\n\nDiluted loss per share:\n\n\n\n$\n\n\n\n(0.54\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(0.01\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(0.53\n\n\n\n)\n\n\n\n\n\nAdjustments (1)\n\n\n\n \n\n\n\n0.51\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n0.12\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n0.39\n\n\n\n \n\n\n\n\n\nAdjusted diluted (loss) earnings per share (1)\n\n\n\n$\n\n\n\n(0.03\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n0.11\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n(0.14\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\n(1) Adjustments for Q3 2025 primarily include (i) impairment and closing costs related to closures and underperforming restaurants, (ii) costs incurred as a result of transformational and restructuring activities and (iii) costs associated with the foreign currency forward contracts. Adjustments for Q3 2024 primarily include (i) costs incurred as a result of transformational and restructuring activities and (ii) asset impairment, closure costs and severance in connection with certain restaurant closures. See non-GAAP Measures later in this release. Also see Tables Four...

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