Bloomin' Brands, Inc. · NASDAQ:BLMN
Bloomin' Brands — Q4 2025 Earnings Presentation
33 slides from Bloomin' Brands's earnings presentation, Feb 25, 2026
Slide 1: Earnings Call Q4 FY2025 Results
Earnings Call Q4 FY2025 Results February 25th, 2026
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements contained herein, including statements under the headings “CEO Comments”, “Fiscal 2026 Financial Outlook” and “Q1 2026 Financial Outlook” are not based on historical fact and are “forward-looking statements” within the meaning of applicable securities la
Slide 3: Non-GAAP Measures
Non-GAAP Measures In addition to the results provided in accordance with GAAP, this press release and related tables include certain non-GAAP measures, which present operating results on an adjusted basis. These are supplemental measures of performance that are not required by or presented in accord
Slide 4: 1,460 Restaurants, 75% Domestic, 12 Countries
1,460 Restaurants 75% Domestic 12 Countries 46 U.S. States ~64,000 Team Members ~$4B Total Revenue 1 (1) Trailing 12-month revenue 4
Slide 5: A Company of Founder-Inspired Restaurants
A Company of Founder-Inspired Restaurants Our Our success is achieved one restaurant at a time, measured by growth in Vision sales and profits, and is the result of taking care of our people and guests. Our Earn lifetime guest loyalty to deliver enduring shareholder value. Mission Iconic Brands Each
Slide 6: FY 2025 Quarterly U.S. Comparable Sales and Traffic
FY 2025 Quarterly U.S. Comparable Sales and Traffic Comp Sales Traffic 1.2% 0.5% (0.1%) (0.0%) (0.1%) (0.5%) (2.0%) (3.9%) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2025 vs BBX (3.3%) (4.3%) (3.2%) (0.4%) vs BBX (3.9%) (3.6%) (2.1%) 1.9% 6
Slide 7: Comparable Sales and Traffic by Brand
Comparable Sales and Traffic by Brand Q4 2025 Comp Sales Traffic (0.6%) 0.9% 1.6% (0.9%) (0.1%) 2.3% 0.1% (2.4%) U.S. Total (0.0%) 0.5% 7
Slide 8: Four strategic platforms of our turnaround strategy
Four strategic platforms of our turnaround strategy Deliver a Reignite a Culture Drive Brand Invest in Remarkable of Ownership Relevancy Our Restaurants Dine-In Experience and Fun 1 Non-Guest Facing Productivity Savings Supported by: 2 Balanced Capital Allocation 3 A Strong Management Team 8
Slide 9: Deliver a Remarkable Dine-In Experience
Deliver a Reignite a Culture Drive Brand Invest in Remarkable of Ownership Relevancy Our Restaurants Dine-In Experience and Fun • Steak Excellence • Brand Positioning • Leadership • Asset Refresh • Craveable Service • Steak Centric Equity • Rewards & Recognition • Targeted Initiatives • Consistency
Slide 10: Steak Excellence – New Steak Line-Up
Steak Excellence – New Steak Line-Up Improved Sirloin Best in Class Filet Bone-In Ribeye Need filet photo Half-Pound Burger New Delmonico Ribeye 10
Slide 11: Steak Certification Training
Steak Certification Training 11
Slide 12: Improving Outback Brand Guest Metric Scores
Improving Outback Brand Guest Metric Scores Q4 Year-over-Year Improvement +7% +5% +5% +3% +3% Brand Trust Food Service Value Atmosphere 12 Source: Technomic
Slide 13: Deliver a Remarkable Dine-In Experience
Deliver a Reignite a Culture Drive Brand Invest in Remarkable of Ownership Relevancy Our Restaurants Dine-In Experience and Fun • Steak Excellence • Brand Positioning • Leadership • Asset Refresh • Craveable Service • Steak Centric Equity • Rewards & Recognition • Targeted Initiatives • Consistency
Slide 14: Deliver a Remarkable Dine-In Experience
Deliver a Reignite a Culture Drive Brand Invest in Remarkable of Ownership Relevancy Our Restaurants Dine-In Experience and Fun • Steak Excellence • Brand Positioning • Leadership • Asset Refresh • Craveable Service • Steak Centric Equity • Rewards & Recognition • Targeted Initiatives • Consistency
Slide 15: Deliver a Remarkable Dine-In Experience
Deliver a Reignite a Culture Drive Brand Invest in Remarkable of Ownership Relevancy Our Restaurants Dine-In Experience and Fun • Steak Excellence • Brand Positioning • Leadership • Asset Refresh • Craveable Service • Steak Centric Equity • Rewards & Recognition • Targeted Initiatives • Consistency
Slide 16: Financial Update
Financial Update BLOOMIN' BRANDS?
Slide 17: Q4 Financial Results – Continuing Operations
Q4 Financial Results – Continuing Operations (in $ millions, except EPS) Q4 2025 Q4 2024 Total Revenues $975 $972 Restaurant-Level Operating Income $110 $118 Adjusted Restaurant-Level Operating Income (1) $111 $118 % margin 11.6% 12.4% GAAP (Loss) Income from Operations ($13) $16 Adjusted Income fr
Slide 18: Reduction in Total Debt
Reduction in Total Debt Total Debt Leverage (1) $1,027M $787M Q4 2024 Q4 2025 Lease Adjusted Net Leverage Net Debt / Adjusted EBITDA (1) Lease Adjusted Net Leverage defined as Net Debt + Operating Lease Liabilities divided by (Adjusted EBITDA + Rent Expense). Lease Adjusted Net Leverage is a non-GAA
Slide 19: 2026 Turnaround Investments Offset by Non-Guest Facing Productivity
2026 Turnaround Investments Offset by Non-Guest Facing Productivity ~$50M Service & Experience ~$7M Our People ~$8M ~$30M Marketing ~$10M ~$20M Food Quality ~$25M Turnaround investment Productivity Net investment 19
Slide 20: Updated Full Year 2026 Guidance
Updated Full Year 2026 Guidance U.S. Comparable Restaurant Sales 0.5% to 2.5% Adjusted Diluted EPS (1) $0.75 to $0.90 Commodity Inflation 4.5% to 5.5% Labor Wage Inflation 3% to 3.5% Effective Income Tax Rate Negative U.S. New Unit Growth (2) 6 to 8 Capital Expenditures $185M to $195M (1) Includes e
Slide 21: Capital Expenditures $185M – $195M FY 2026 Guidance
Capital Expenditures $185M – $195M FY 2026 Guidance FIX THE BASE OPEN INVEST IN BUSINESS U.S. NEW UNITS INFRASTRUCTURE Remodels 6–8 Network Capabilities New U.S. Locations Maintenance IT Foundation Kitchen Equipment ~60% ~20% ~20% 21
Slide 22: Q1 2026 Guidance
Q1 2026 Guidance Q1 2026 U.S. Comparable Restaurant Sales Flat to 1.0% GAAP Diluted EPS $0.54 to $0.59 Adjusted Diluted EPS (1) $0.57 to $0.62 22 (1) Includes estimated adjustments related to accelerated depreciation associated with equipment upgrades in connection with the turnaround strategy.
Slide 23: In Summary
In Summary BRANDS!
Slide 24: Four strategic platforms of our turnaround strategy
Four strategic platforms of our turnaround strategy Reignite a Culture of Ownership and Fun Invest in Our Restaurants @ Non-Guest Facing Productivity Savings Supported by: @ Balanced Capital Allocation © AStrong Management Team
Slide 25: BLMN Executive Leadership Team
BLMN Executive Leadership Team Mike Spanos Pat Hafner Kelia Bazile John Bettin Pat English Eric Christel Chief Executive President President President President Chief Financial Officer Outback Steakhouse Carrabba’s Italian Bonefish Grill Fleming’s Prime Officer Grill Steakhouse & Wine Bar Kelly Leff
Slide 26: Remarkable Experiences Start with Remarkable People
REMARKABLE EXPERIENCES START WITH REMARKABLE PEOPLE 26
Slide 27: Question & Answer Session
Question & Answer Session slabs aan sain GRILL smmesenonseerdeoe
Slide 28: Reconciliations
Reconciliations 28
Slide 29: Adjusted Restaurant Level Operating Margin
Adjusted Restaurant Level Operating Margin Consolidated THIRTEEN WEEKS ENDED FISCAL YEAR (dollars in thousands) DECEMBER 28, 2025 DECEMBER 29, 2024 2025 2024 (Loss) income from operations $ (13,298) $ 16,197 $ 37,163 $ 139,808 Operating (loss) income margin (1.4)% 1.7% 0.9% 3.5% Less: Franchise and
Slide 30: Adjusted Income from Operations Adjusted EBITDA
Adjusted Income from Operations Adjusted EBITDA Consolidated THIRTEEN WEEKS ENDED (dollars in thousands) DECEMBER 28, 2025 DECEMBER 29, 2024 (Loss) income from operations $ (13,298) $ 16,197 Operating (loss) income margin (1.4)% 1.7% Adjustments: Total restaurant-level operating income adjustments (
Slide 31: Adjusted Income from Operations Adjusted EBITDA
Adjusted Income from Operations Adjusted EBITDA Consolidated FISCAL YEAR (dollars in thousands) 2025 2024 Income from operations $ 37,163 $ 139,808 Operating income margin 0.9% 3.5% Adjustments: Total restaurant-level operating income adjustments (1) 3,671 434 Asset impairments and closure-related c
Slide 32: Adjusted Net Leverage Reconciliations
Adjusted Net Leverage Reconciliations (dollars in thousands) DECEMBER 28, 2025 DECEMBER 29, 2024 Long-term debt, net $ 787,425 $ 1,027,398 Cash (59,461) (70,056) Net Debt 727,964 957,342 Current operating lease liabilities 176,268 158,806 Non-current operating lease liabilities 1,046,380 1,088,518 T
Slide 33: Adjusted Net Income & EPS
Adjusted Net Income & EPS THIRTEEN WEEKS ENDED FISCAL YEAR DECEMBER 28, DECEMBER 29, (in thousands, except per share data) 2025 2024 2025 2024 Net (loss) income attributable to Bloomin’ Brands $ (13,475) $ (79,461) $ 8,237 $ (128,018) Loss from discontinued operations, net of tax (1,251) (90,122) (5