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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 25, 2023
Jun. 30, 2024
Jun. 25, 2023
Revenues        
Restaurant sales, franchise and other revenues $ 1,118,866 $ 1,152,694 $ 2,314,193 $ 2,397,440
Costs and expenses        
Food and beverage 336,063 351,226 693,892 735,440
Labor and other related 328,913 325,934 672,115 667,476
Other restaurant operating 280,821 273,338 571,093 556,265
Depreciation and amortization 49,525 47,565 98,807 93,867
General and administrative 61,152 63,358 127,928 129,162
Provision for impaired assets and restaurant closings 16,261 1,827 27,134 5,151
Total costs and expenses 1,072,735 1,063,248 2,190,969 2,187,361
Income from operations 46,131 89,446 123,224 210,079
Loss on extinguishment of debt 0 0 (135,797) 0
Interest expense, net (14,802) (12,961) (28,418) (25,405)
Income (loss) before provision for income taxes 31,329 76,485 (40,991) 184,674
Provision for income taxes 1,698 6,483 11,668 21,244
Net income (loss) 29,631 70,002 (52,659) 163,430
Less: net income attributable to noncontrolling interests 1,228 1,725 2,810 3,842
Net income (loss) attributable to Bloomin’ Brands 28,403 68,277 (55,469) 159,588
Other comprehensive income (loss):        
Foreign currency translation adjustment (9,858) 4,502 (11,789) 3,368
Net gain on derivatives, net of tax 330 0 1,487 0
Comprehensive income (loss) 20,103 74,504 (62,961) 166,798
Less: comprehensive income attributable to noncontrolling interests 1,228 1,725 2,810 3,842
Comprehensive income (loss) attributable to Bloomin’ Brands $ 18,875 $ 72,779 $ (65,771) $ 162,956
Earnings (loss) per share:        
Basic (in USD per share) $ 0.33 $ 0.77 $ (0.64) $ 1.80
Diluted (in USD per share) $ 0.32 $ 0.70 $ (0.64) $ 1.63
Weighted average common shares outstanding:        
Basic (in shares) 86,688 88,559 86,856 88,838
Diluted (in shares) 88,632 97,401 86,856 97,706
Restaurant sales        
Revenues        
Restaurant sales, franchise and other revenues $ 1,103,565 $ 1,137,330 $ 2,283,052 $ 2,365,564
Franchise and other revenues        
Revenues        
Restaurant sales, franchise and other revenues $ 15,301 $ 15,364 $ 31,141 $ 31,876