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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Revenues    
Revenues $ 1,049,594 $ 1,069,073
Costs and expenses    
Food and beverage 313,304 315,521
Labor and other related 315,250 314,718
Other restaurant operating 258,135 254,868
Depreciation and amortization 43,947 42,700
General and administrative 61,377 59,476
Provision for impaired assets and restaurant closings 350 10,873 [1]
Total costs and expenses 992,363 998,156
Income from operations 57,231 70,917
Loss on extinguishment of debt 0 (135,797)
Interest expense, net (11,187) (13,676)
Income (loss) before provision for income taxes 46,044 (78,556)
Provision for income taxes 903 6,642
Loss from equity method investment, net of tax (1,291) 0
Net income (loss) from continuing operations 43,850 (85,198)
Net (loss) income from discontinued operations, net of tax (254) 2,908
Net income (loss) 43,596 (82,290)
Less: net income attributable to noncontrolling interests 1,444 1,582
Net income (loss) attributable to Bloomin’ Brands 42,152 (83,872)
Other comprehensive income (loss):    
Foreign currency translation adjustment (2,353) (1,931)
Reclassification of foreign currency translation adjustments into earnings due to sale of business 217,548 0
Net (loss) gain on derivatives, net of tax (177) 1,157
Comprehensive income (loss) 258,614 (83,064)
Less: comprehensive income attributable to noncontrolling interests 1,444 1,582
Comprehensive income (loss) attributable to Bloomin’ Brands $ 257,170 $ (84,646)
Basic earnings (loss) per share:    
Continuing operations (in USD per share) $ 0.50 $ (1.00)
Discontinued operations (in USD per share) 0 0.03
Net basic earnings (loss) per share (in USD per share) 0.50 (0.96)
Diluted earnings (loss) per share:    
Continuing operations (in USD per share) 0.50 (1.00)
Discontinued operations (in USD per share) 0 0.03
Net diluted earnings (loss) per share (in USD per share) $ 0.50 $ (0.96)
Weighted average common shares outstanding:    
Basic (in shares) 84,902 87,024
Diluted (in shares) 85,130 87,024
Restaurant sales    
Revenues    
Revenues $ 1,029,517 $ 1,046,690
Franchise and other revenues    
Revenues    
Revenues $ 20,077 $ 22,383
[1] Primarily related to the closure of 36 predominantly older, underperforming U.S. restaurants (the “2023 Restaurant Closures”). Activity for the thirteen weeks ended March 30, 2025 is immaterial.