Bloomin' Brands, Inc. · NASDAQ:BLMN
Bloomin' Brands — Q2 2025 Earnings Presentation
22 slides from Bloomin' Brands's earnings presentation, Aug 6, 2025
Slide 1: Earnings Call Q2 FY2025 Results
Earnings Call Q2 FY2025 Results | August 6, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements contained herein, including statements regarding guidance or expected proceeds are not based on historical fact and are "forward- looking statements" within the meaning of applicable securities laws. Generally, these statements can be identified by the u
Slide 3: Non-GAAP Measures
Non-GAAP Measures In addition to the results provided in accordance with GAAP, this presentation includes 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 accordance with GAAP and
Slide 4: Iconic, Founder-Inspired Brands
Iconic, Founder-Inspired Brands
Slide 5: Australian-spirited casual dining steak
E S T. 1 9 8 8 E S T. 1 9 8 6 E S T. 1 9 9 8 E S T. 2 0 0 0 Australian-spirited Authentic Italian cuisine, Contemporary Fish from around the casual dining steak handmade, cooked to interpretation of world order American steakhouse Known for grilled Seasonal dishes steaks, chicken, Lively exhibition
Slide 6: Organizational Changes and Senior Leadership
Organizational Changes and Senior Leadership Michael Healy Eric Christel Kelly Lefferts Lissette Gonzalez Executive Vice President, Executive Vice President, Executive Vice President, Executive Vice President, Strategy & Transformation Chief Financial Officer- Chief Legal Officer & Chief Commercial
Slide 7: Organizational Changes and Senior Leadership
Organizational Changes and Senior Leadership Jessica Mitory Ali Charri Rafael Sanchez Senior Vice President, Senior Vice President, Senior Vice President, Chief Human Resources Guest Insights & Analytics Chief Information Officer Officer Randy Scruggs Tara Kurian Susan Cline Senior Vice President, S
Slide 8: Organizational Changes and Senior Leadership
Organizational Changes and Senior Leadership Pat Hafner Kelia Bazile Sheilina Henry John Bettin Executive Vice President, Senior Vice President, Senior Vice President, Senior Vice President, President of Outback President of Carrabba’s President of Fleming’s Prime President of Bonefish Grill Steakho
Slide 9: Operating Priorities
Operating Priorities DELIVER A SIMPLIFY TURNAROUND GREAT GUEST THE AGENDA OUTBACK EXPERIENCE 9
Slide 10: Leadership In the Field
Leadership In the Field 10
Slide 11: Q2 Financial Results – Continuing Operations
Q2 Financial Results – Continuing Operations Q2 2025 Q2 2024 (in $ millions, except EPS) Total Revenues $1,002 $999 Restaurant-Level Operating Income $118 $137 Adjusted Restaurant-Level Operating Income (1) $118 $137 % margin 12.0% 14.0% GAAP Income from Operations (1) $30 $44 Adjusted Income from O
Slide 12: Update on Brazil Transaction
Update on Brazil Transaction Sold 67% for R$1.4B / $225M USD (1) Option to sell remaining 33% in Q4 2028 (not included in the below calculations) Proceeds will contribute to achieving our target 3.0x Lease Adjusted Leverage Ratio Lease Adjusted Net Leverage (2) Net Debt / Adjusted EBITDA ~$96M to be
Slide 13: Guidance Targets
Guidance Targets
Slide 14: Updated Full Year 2025 Guidance
Updated Full Year 2025 Guidance U.S. Comparable Sales Growth (2%) to 0% Adjusted Diluted EPS (1) $1.00 to $1.10 Commodity Inflation 3% to 3.5% Labor Wage Inflation Approximately 4% Effective Income Tax Rate Negative U.S. New Unit Growth (2) 18-20 units Capital Expenditures Approximately $190M (1) In
Slide 15: Q3 2025 Guidance
Q3 2025 Guidance Q3 2025 U.S. Comparable Sales Growth (1%) to Flat GAAP Diluted EPS ($0.22) to ($0.17) Adjusted Diluted EPS (1) ($0.15) to ($0.10) (1) Includes estimated adjustments associated with severance and other transformational items as well as with the cost of executing the foreign currency
Slide 16: Question & Answer Session
Question & Answer Session
Slide 17: Reconciliations
Reconciliations
Slide 18: Adjusted Restaurant Level Margin
Adjusted Restaurant Level Margin Consolidated THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 29, 2025 JUNE 30, 2024 JUNE 29, 2025 JUNE 30, 2024 Income from operations $ 29,650 $ 44,052 $ 86,881 $ 114,969 Operating income margin 3.0 % 4.4 % 4.2 % 5.6 % Less: Franchise and oth
Slide 19: Adjusted Income from Operations Adjusted EBITDA
Adjusted Income from Operations Adjusted EBITDA Consolidated THIRTEEN WEEKS ENDED (dollars in thousands) JUNE 29, 2025 JUNE 30, 2024 Income from operations $ 29,650 $ 44,052 Operating income margin 3.0 % 4.4 % Adjustments: Severance and other transformational costs (1) 3,542 1,000 Foreign currency f
Slide 20: Adjusted Income from Operations Adjusted EBITDA
Adjusted Income from Operations Adjusted EBITDA Consolidated TWENTY-SIX WEEKS ENDED FISCAL YEAR TRAILING TWELVE MONTHS (dollars in thousands) JUNE 29, 2025 JUNE 30, 2024 DECEMBER 29, 2024 JUNE 29, 2025 Income from operations $ 86,881 $ 114,969 $ 139,808 $ 111,720 Operating income margin 4.2 % 5.6 %
Slide 21: Net Leverage Reconciliations – Adjusted and Pro Forma
Net Leverage Reconciliations – Adjusted and Pro Forma Q2 2025 Brazil Proceeds from 67% Q2 2025 Pro Forma for (dollars in thousands) Sale (1) Proceeds of 67% Sale Long-term debt, net $ 917,073 $ 917,073 Cash (50,308) (95,844) (146,152) (1) Net Debt 866,765 770,921 Current operating lease liabilities
Slide 22: Adjusted Net Income & EPS
Adjusted Net Income & EPS THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (in thousands, except per share data) JUNE 29, 2025 JUNE 30, 2024 JUNE 29, 2025 JUNE 30, 2024 Net income (loss) attributable to Bloomin’ Brands $ 25,419 $ 28,403 $ 67,571 $ (55,469) Net income from discontinued operations, net of