Bloomin' Brands, Inc. · NASDAQ:BLMN
Bloomin' Brands — Q1 2026 Earnings Presentation
29 slides from Bloomin' Brands's earnings presentation, May 6, 2026
Slide 1: Earnings Call Q1 FY2026 Results
Earnings Call Q1 FY2026 Results May 6th, 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 “Q2 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: 1,452 Restaurants, 75% Domestic, ~$4B Revenue
1,452 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: Improving Outback Brand Guest Metric Scores
Improving Outback Brand Guest Metric Scores Q1 Year-over-Year Improvement 4 points, and intent to return by 3 p +6% +5% +5% +4% +4% +4% Service Atmosphere Value Food Brand Intent to Trust Return 6 Source: Technomic
Slide 7: Quarterly U.S. Comparable Sales and Traffic
Quarterly U.S. Comparable Sales and Traffic Comp Sales Traffic 0.9% (1.8%) (0.5%) (3.9%) Q1 2025 Q1 2026 Q1 2025 Q1 2026 vs BBX (3.3%) (0.3%) vs BBX (3.9%) (0.7%) 7
Slide 8: Comparable Sales and Traffic by Brand
Comparable Sales and Traffic by Brand Q1 2026 Comp Sales Traffic (0.3%) (2.4%) 1.3% (2.7%) 6.1% 3.0% 0.8% (2.9%) U.S. Total 0.9% (1.8%) 8
Slide 9: 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 9
Slide 10: 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 11: 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 12: 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 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: Financial Update
Financial Update 14
Slide 15: Q1 Financial Results – Continuing Operations
Q1 Financial Results – Continuing Operations (in $ millions, except EPS) Q1 2026 Q1 2025 Total Revenues $1,060 $1,050 Restaurant-Level Operating Income (1) $145 $143 % margin 14.0% 13.9% GAAP Income from Operations $59 $57 Adjusted Income from Operations (1) $62 $64 % margin 5.9% 6.1% Adjusted EBIT
Slide 16: Reduction in Total Debt
Reduction in Total Debt Total Debt Leverage (1) $787M $753M 3.9x 3.8x 2.4x 2.2x Q4 2025 Q1 2026 Q4 2025 Q1 2026 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
Slide 17: 2026 Planned Turnaround Investments Offset by Non-Guest Facing Productivity
2026 Planned 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 17
Slide 18: Full Year 2026 Guidance
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 estimated
Slide 19: Q2 2026 Guidance
Q2 2026 Guidance Q2 2026 U.S. Comparable Restaurant Sales 1% to 2% GAAP Diluted EPS $0.24 to $0.29 Adjusted Diluted EPS (1) $0.27 to $0.32 19 (1) Includes estimated adjustments related to accelerated depreciation associated with equipment upgrades in connection with the turnaround strategy.
Slide 20: In Summary
In Summary BRANDS!
Slide 21: 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 21
Slide 22: 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 23: Remarkable Experiences Start With Remarkable People
REMARKABLE EXPERIENCES START WITH REMARKABLE PEOPLE 23
Slide 24: Question & Answer Session
Question & Answer Session slabs aan sain GRILL smmesenonseerdeoe
Slide 25: Reconciliations
Reconciliations 25
Slide 26: Restaurant Level Operating Margin
Restaurant Level Operating Margin Consolidated THIRTEEN WEEKS ENDED (dollars in thousands) MARCH 29, 2026 MARCH 30, 2025 Income from operations $ 59,103 $ 57,231 Operating income margin 5.6% 5.5% Less: Franchise and other revenues 17,847 20,077 Plus: Depreciation and amortization 46,296 43,947 Gener
Slide 27: Adjusted Income from Operations and Adjusted EBITDA
Adjusted Income from Operations Adjusted EBITDA TRAILING TWELVE Consolidated THIRTEEN WEEKS ENDED FISCAL YEAR MONTHS (dollars in thousands) MARCH 29, 2026 MARCH 30, 2025 DECEMBER 28, 2025 MARCH 29, 2026 Income from operations $ 59,103 $ 57,231 $ 37,163 $ 39,035 Operating income margin 5.6% 5.5% 0.9%
Slide 28: Adjusted Net Leverage Reconciliations
Adjusted Net Leverage Reconciliations (dollars in thousands) MARCH 29, 2026 DECEMBER 28, 2025 Long-term debt, net $ 752,605 $ 787,425 Cash (71,300) (59,461) Net Debt 681,305 727,964 Current operating lease liabilities 177,045 176,268 Non-current operating lease liabilities 1,043,034 1,046,380 Total
Slide 29: Adjusted Net Income & EPS
Adjusted Net Income & EPS THIRTEEN WEEKS ENDED (in thousands, except per share data) MARCH 29, 2026 MARCH 30, 2025 Net income from continuing operations $ 56,804 $ 43,850 Less: net income attributable to noncontrolling interests 1,582 1,444 Net income attributable to Bloomin’ Brands from continuing