Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 29, 2025

Schedule of earnings (loss) per share, basic and diluted

The following table presents the computation of basic and diluted earnings (loss) per share for the periods indicated:


	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 tax	779		3,655		525		6,563
Net income (loss) attributable to Bloomin’ Brands from continuing operations	$	24,640	$	24,748	$	67,046	$	(62,032)





Basic weighted average common shares outstanding	85,041		86,688		84,971		86,856

Effect of dilutive securities:



Stock-based compensation awards	99		290		151		—
Convertible senior notes (1)	—		1,005		13		—
Warrants (1)	—		649		—		—
Diluted weighted average common shares outstanding	85,140		88,632		85,135		86,856

Basic earnings (loss) per share:
Continuing operations	$	0.29	$	0.29	$	0.79	$	(0.71)
Discontinued operations	0.01		0.04		0.01		0.08
Net basic earnings (loss) per share	$	0.30	$	0.33	$	0.80	$	(0.64)

Diluted earnings (loss) per share:
Continuing operations	$	0.29	$	0.28	$	0.79	$	(0.71)
Discontinued operations	0.01		0.04		0.01		0.08
Net diluted earnings (loss) per share	$	0.30	$	0.32	$	0.79	$	(0.64)



Antidilutive stock-based compensation awards	1,754		998		1,953		1,193
Antidilutive convertible senior notes and warrants (2)	1,682		—		1,835		4,554

________________

(1)During the thirteen weeks ended June 29, 2025, the 2025 Notes matured and were settled in cash and the proportional warrants were terminated. See Note 9 - Convertible Senior Notes for additional details.

(2)For the thirteen and twenty-six weeks ended June 29, 2025, the Company’s share price was lower than the conversion and strike price related to the 2025 Notes and related warrants, respectively, which resulted in antidilutive shares. For the twenty-six weeks ended June 30, 2024, as a result of the loss from continuing operations, securities are classified as antidilutive.