What is the revenue and EPS growth rate for Bloomin'Brands year over year?

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What is Bloomin'Brands's latest dividend and current dividend yield?

What guidance did Bloomin'Brands's management provide for the next earnings period?

What were the key takeaways from Bloomin'Brands's earnings call?

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What does Bloomin'Brands do and what are its main business segments?

What factors drove the changes in Bloomin'Brands's revenue and profit?

- **Revenue Growth**: U.S. comp sales +120 bps, Outback +40 bps, first positive Outback quarter since Q2 2023.
- **Investment Plan**: $75M 2026-2028 for steak quality, service, marketing, and remodels, offset by $80M productivity.
- **Digital Shift**: 60% digital marketing spend, targeting younger guests with experiential campaigns.
- **Financial Guidance**: Q4 EPS $0.23-$0.28, 2025 U.S. comp sales flat to +50 bps.
- **Turnaround Execution**: Steak quality enhancements (+10pts satisfaction), 4:1 table-to-server ratio, and 100% Outback remodels by 2028.

**【CEO Summary Section】**
- **Operational Priorities**: Simplified menus (10%-20% SKU reduction), Ziosk adoption (85% guest usage), and Outback turnaround strategy with 42 test restaurants.
- **Q3 Results**: U.S. comp sales +120 bps (Outback +40 bps), first positive Outback comp since Q2 2023, and all brands achieving positive comp sales.
- **Turnaround Strategy**: $75M investment (2026-2028) in steak quality, service, marketing, and restaurants, offset by $80M productivity savings.
- **Key Initiatives**: Steak quality enhancements (+10pts guest satisfaction), reduced table-to-server ratio (4:1), and digital-first marketing shift (60% digital spend).

**【CFO Financial Commentary】**
- **Q3 Financials**: Total revenue $929M, U.S. comp sales +120 bps, adjusted loss $0.03 vs. $0.11 prior year, and Q4 EPS guidance $0.23-$0.28.
- **Cost Pressures**: COGS inflation 4.9%, labor 3.3%, and full-year COGS/labor inflation 3%-3.5%.
- **Turnaround Funding**: $50M 2026 investments (steak, service, marketing), $30M 2026 productivity, and $122M Brazil transaction proceeds.
- **Capital Allocation**: $190M+ capex for remodels ($400K/unit avg), dividend suspension, and debt reduction to 3.0x by 2028.

**【Q&A Key Highlights】**
- **Sustained Momentum**: Q3 trends continued into October, driven by value offers (Aussie 3-Course) and consistent execution across income/age cohorts.
- **Remodel Strategy**: 100% Outback remodels by 2028, focusing on guest-facing areas, with $400K/unit avg cost.
- **Marketing Shift**: 60% digital spend, targeting younger cohorts with experiential campaigns, delayed until 2026 Q2 service model rollout.
- **Beef Inflation**: 2025 mid-single-digit inflation, offset by menu engineering and value offers maintaining guest traffic.
- **Closures**: 21 underperforming restaurants closed, 22 leases not renewed, focusing on healthier portfolio.

Bloomin' Brands, Inc. (BLMN) Q3 2025 Earnings Call Transcript

- **Strategic Restructuring**: Leadership changes and new hires focus on operational efficiency and guest experience, with 42 Outback restaurants testing enhanced service models.
- **Revenue Performance**: Q2 U.S. comp sales -10bps, traffic -200bps, driven by menu simplification and Aussie 3-course promotion. Off-premises sales stable at 24%.
- **Financial Challenges**: Adjusted EPS $0.32 (vs. $0.45 YoY) due to COGS and labor inflation. FY25 guidance adjusted to $1.00-$1.10 EPS, reflecting tariff impacts and test investments.
- **Turnaround Progress**: Outback traffic improved 190bps sequentially; 42 test restaurants focus on service, steak quality, and value. 10 remodels in Q2 prioritize asset condition.
- **Leverage Target**: Committed to reducing lease-adjusted leverage below 3.0x, with Brazil transaction proceeds ($96M in Dec) allocated to debt reduction.
- **Key Risks**: Tariffs, insurance costs, and Brazil ownership drag ($1-2M/Q4) weigh on margins.


**【CEO Summary Section】**
- **Leadership Restructuring**: Michael Healy transitioned to Executive Vice President, Strategy and Transformation, while Eric Christel was appointed CFO-elect. New hires and promotions across HR, analytics, IT, and brand leadership aim to enhance operational efficiency and guest experience.
- **Operational Priorities**: Menu simplification (15% reduction) and service model testing (1:4 server-to-table ratio) improved Outback traffic by 190 basis points sequentially. Aussie 3-course promotion drove traffic growth, with 2/3 guests trading up to higher-priced items.
- **Outback Turnaround**: 42 restaurants are testing enhanced service models, steak quality, and value offerings. Remodels (10 in 2025) focus on asset condition and site quality, with capital shifted from new openings to refreshes. The brand's core strength in craveable steaks and casual dining is being leveraged for recovery.
- **Financial Discipline**: Committed to reducing lease-adjusted net leverage below 3.0x through debt paydown and operational efficiency. FY25 guidance adjusted to $1.00-$1.10 EPS, reflecting tariff impacts, insurance costs, and test investments.

**【CFO Financial Commentary】**
- **Q2 2025 Results**: Total revenue $1.0 billion (flat YoY), U.S. comp sales -10bps, traffic -200bps. Adjusted EPS $0.32 (vs. $0.45 YoY), driven by COGS inflation (3.3%), labor costs (3.4%), and Brazil transaction impacts. Off-premises sales stable at 24% of U.S. sales.
- **Margins and Costs**: Adjusted operating margin 3.5% (vs. 6.0% YoY). Tariffs expected to negatively impact margins by 20-40bps in H2. Insurance reserves increased by $6-8 million due to higher claim costs. $3 million investment in Outback tests included in H2 guidance.
- **Liquidity and Capital Allocation**: Net debt $867 million, lease-adjusted leverage 4.1x. Brazil transaction proceeds ($96M in Dec) to be used for debt reduction. No share buybacks planned; $97M remaining under repurchase authorization.

**【Q&A Key Highlights】**
- **Outback GM Compensation**: Current variable comp structure remains market-aligned, with potential adjustments as part of strategic plan.
- **Aussie 3-course Effectiveness**: 20% of guests add desserts, with 2/3 trading up. Lapping underperforming 2024 promotions expected to boost Q3 sales.
- **Labor Efficiency**: Server-to-table ratio testing (1:4) reallocates labor without additional costs. AI tools optimize scheduling for peak demand.
- **Carrabba's Strength**: Daypart conversion, experiential dinners, and catering drove positive traffic, with Bistro sandwiches contributing to off-premises growth.
- **Advertising Efficiency**: Reduced non-working marketing spend, focusing on ROI channels.
- **Remodel Scope**: 10 Q2 remodels with 3 cost tiers; prioritizing asset condition and guest experience over site quality.
- **FY25 Outlook**: U.S. comp sales flat to -100bps in Q3, adjusted EPS -$0.15 to -$0.10, with Brazil ownership drag of $1-2M.


Bloomin' Brands, Inc. (BLMN) Q2 2025 Earnings Call Transcript

- **Revenue decline**: Q1 2025 revenue down 1.8% YoY to $1.05B, driven by -3.9% traffic and -0.5% comps.
- **Outback turnaround focus**: 15% menu item reduction target by end-2025, Ziosk adoption >85%, and third-party consulting engagement.
- **Financial headwinds**: 1.5% COGS inflation, 3.7% labor cost growth, and $0.02-0.03 EPS impact from Brazil tax loss.
- **Q2 outlook**: Comps expected to decline 1.5-2.5%, with EPS guidance of $0.22-0.27.
- **Tariff risk**: Potential 20-40bps margin impact in H2, not included in guidance.


**【CEO Opening Remarks】**
- Q1 2025 revenue decreased 1.8% YoY to $1.05 billion, driven by lower comparable sales (-0.5%) and restaurant closures.
- U.S. traffic declined 3.9% YoY, underperforming the casual dining industry, with average check growth of 3.4%.
- Key initiatives: 
  - Menu simplification (Outback reduced items by 10% in Q1, targeting 15% by end-2025)
  - Ziosk tabletop technology adoption (>85% guest usage, +5min table turns)
  - Focus on Outback turnaround, including strategic plan development and third-party consulting support.
- Q2 guidance: U.S. comps expected to decline 1.5-2.5%, with $0.22-0.27 EPS.

**【CFO Financial Review】**
- Adjusted EPS: $0.59 (vs. $0.64 YoY), within guidance range of $0.55-0.60.
- Restaurant-level margin decline of 160bps YoY due to COGS inflation (1.5%), labor costs (+3.7%), and higher operating expenses.
- Brazil impact: 33% ownership now expected to reduce 2025 EPS by $0.02-0.03 (vs. prior neutral guidance), due to extinguished tax benefits.
- Debt metrics: Net debt/EBITDA of 2.5x, lease-adjusted leverage of 4.0x (target <3.0x).
- Full-year EPS guidance: Low end of $1.20-1.40 range, excluding potential tariff impact (20-40bps margin headwind).

**【Q&A Key Takeaways】**
- **Consumer trends**: Softness in <$100k households, with liquor/beer/wine sales lagging; desserts/apps resilient.
- **Menu simplification**: 10% item reduction at Outback in Q1, with 15% target by end-2025; Ziosk feedback driving iterative changes.
- **Value strategy**: Aussie 3 Course promotion to remain core menu item, with $17.99/$20.99 up-sell success; Q2 mix expected to decline 1-2%.
- **Tariff risk**: 20-40bps margin impact possible in H2, not included in guidance.
- **Brazil refranchising**: $96M second installment expected in Q4, to be used for debt reduction.


Bloomin' Brands (BLMN)-7 May 25-2025 Q1 Earnings call transcript

- **Menu Simplification Success**: 10%-20% menu reduction across brands, with Outback tests showing 80% Ziosk adoption and 3-Course promotion driving traffic and upselling.
- **Outback Revival Momentum**: 14 test restaurants show early traffic and engagement gains, with plans to remodel 50% of locations over 2-3 years.
- **Financial Adjustments**: Dividend cut to $0.60 annualized post-Brazil sale, 2025 EPS guidance $1.20-$1.40 with focus on remodels and cost control.
- **Consumer Insights**: Q1 assumes -1.5% comp sales, but Valentine's Day success suggests value-driven offers can offset short-term traffic challenges.

**【CEO Strategic Initiatives】**
- **Simplification of Operations**: Refranchised Brazil operations to focus on U.S. domestic growth, reducing organizational complexity by flattening layers and empowering brand presidents. Menu items reduced by 10%-20% across brands to improve execution and guest satisfaction.
- **Customer Experience Revamp**: Rolled out Ziosk pay-at-table technology in Outback restaurants, achieving 80% guest adoption in tests. Transitioned from LTOs to everyday value offerings like the Aussie 3-Course, which drove traffic and upselling to premium entrees.
- **Outback Turnaround**: 14 test restaurants implemented with focus on quality, value, and experience. Plans to remodel 50% of Outback locations over 2-3 years with lower-cost, higher-impact scopes. Promoted experienced operators to brand leadership roles.

**【CFO Financial Update】**
- **Q4 2024 Results**: Adjusted EPS of $0.38 vs. $0.56 prior year, driven by Brazil refranchising and $31M impairment charges. U.S. comparable sales down 110bps, traffic down 510bps vs. industry. Off-premises sales 24% of total U.S. revenue.
- **2025 Guidance**: U.S. comp sales expected -2% to flat, adjusted EPS $1.20-$1.40. Labor inflation 4%-5%, capital expenditures $190M-$210M (shifted to remodels). Dividend reduced to $0.60 annualized due to Brazil transaction impact.

**【Q&A Highlights】**
- **Consumer Trends**: Choosy consumers managing check size, but Valentine's Day saw robust sales with abundant value offerings. Q1 assumes -0.5% to -1.5% comp sales, with 4% check growth offsetting 4% traffic decline.
- **Remodel Strategy**: 18-20 new U.S. restaurants in 2025, but focus on remodels post-2026. Brazil franchisee to open 17 new units, while U.S. franchisees add 15.
- **Cost Management**: $22M annualized G&A savings from org restructuring, partially offset by $10M IT investments. Targeting 5% G&A as % of revenue through productivity gains and sales leverage.

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