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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2024
Sep. 24, 2023
Sep. 29, 2024
Sep. 24, 2023
Revenues        
Restaurant sales and franchise revenues $ 1,038,771 $ 1,079,833 $ 3,352,964 $ 3,477,273
Costs and expenses        
Food and beverage 304,285 321,865 998,177 1,057,305
Labor and other related 312,968 314,432 985,083 981,908
Other restaurant operating 280,018 281,084 851,111 837,349
Depreciation and amortization 50,208 47,998 149,015 141,865
General and administrative 68,485 62,246 196,413 191,408
Provision for impaired assets and restaurant closings 5,597 (6,008) 32,731 (857)
Total costs and expenses 1,021,561 1,021,617 3,212,530 3,208,978
Income from operations 17,210 58,216 140,434 268,295
Loss on extinguishment of debt (225) 0 (136,022) 0
Interest expense, net (15,953) (12,843) (44,371) (38,248)
Income (loss) before (benefit) provision for income taxes 1,032 45,373 (39,959) 230,047
(Benefit) provision for income taxes (6,509) (58) 5,159 21,186
Net income (loss) 7,541 45,431 (45,118) 208,861
Less: net income attributable to noncontrolling interests 629 903 3,439 4,745
Net income (loss) attributable to Bloomin’ Brands 6,912 44,528 (48,557) 204,116
Other comprehensive (loss) income:        
Foreign currency translation adjustment (11,849) 3,103 (23,638) 6,471
Net loss on derivatives, net of tax (3,474) 0 (1,987) 0
Comprehensive (loss) income (7,782) 48,534 (70,743) 215,332
Less: comprehensive income attributable to noncontrolling interests 629 903 3,439 4,745
Comprehensive (loss) income attributable to Bloomin’ Brands $ (8,411) $ 47,631 $ (74,182) $ 210,587
Earnings (loss) per share:        
Basic (in USD per share) $ 0.08 $ 0.50 $ (0.56) $ 2.30
Diluted (in USD per share) $ 0.08 $ 0.45 $ (0.56) $ 2.08
Weighted average common shares outstanding:        
Basic (in shares) 85,063 88,707 86,258 88,794
Diluted (in shares) 86,164 98,548 86,258 97,987
Restaurant sales        
Revenues        
Restaurant sales and franchise revenues $ 1,025,090 $ 1,064,413 $ 3,308,142 $ 3,429,977
Franchise and other revenues        
Revenues        
Restaurant sales and franchise revenues $ 13,681 $ 15,420 $ 44,822 $ 47,296