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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. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Revenues        
Revenues $ 1,002,366 $ 999,369 $ 2,051,960 $ 2,068,442
Costs and expenses        
Food and beverage 298,332 294,761 611,636 610,282
Labor and other related 315,494 300,332 630,744 615,050
Other restaurant operating 253,225 245,955 511,360 500,823
Depreciation and amortization 44,598 43,390 88,545 86,090
General and administrative 59,527 56,195 120,904 115,671
Provision for impaired assets and restaurant closings [1] 1,540 14,684 1,890 25,557
Total costs and expenses 972,716 955,317 1,965,079 1,953,473
Income from operations 29,650 44,052 86,881 114,969
Loss on extinguishment of debt 0 0 0 (135,797)
Interest expense, net (10,699) (15,296) (21,886) (28,972)
Income (loss) before (benefit) provision for income taxes 18,951 28,756 64,995 (49,800)
(Benefit) provision for income taxes (8,748) 2,780 (7,845) 9,422
Loss from equity method investment, net of tax (1,806) 0 (3,097) 0
Net income (loss) from continuing operations 25,893 25,976 69,743 (59,222)
Net income from discontinued operations, net of tax 779 3,655 525 6,563
Net income (loss) 26,672 29,631 70,268 (52,659)
Less: net income attributable to noncontrolling interests 1,253 1,228 2,697 2,810
Net income (loss) attributable to Bloomin’ Brands 25,419 28,403 67,571 (55,469)
Other comprehensive income (loss):        
Foreign currency translation adjustment 1,731 (9,858) (622) (11,789)
Reclassification of foreign currency translation adjustments into earnings due to sale of business 0 0 217,548 0
Net gain on derivatives, net of tax 290 330 113 1,487
Comprehensive income (loss) 28,693 20,103 287,307 (62,961)
Less: comprehensive income attributable to noncontrolling interests 1,253 1,228 2,697 2,810
Comprehensive income (loss) attributable to Bloomin’ Brands $ 27,440 $ 18,875 $ 284,610 $ (65,771)
Basic earnings (loss) per share:        
Continuing operations (in USD per share) $ 0.29 $ 0.29 $ 0.79 $ (0.71)
Discontinued operations (in USD per share) 0.01 0.04 0.01 0.08
Net basic earnings (loss) per share (in USD per share) 0.30 0.33 0.80 (0.64)
Diluted earnings (loss) per share:        
Continuing operations (in USD per share) 0.29 0.28 0.79 (0.71)
Discontinued operations (in USD per share) 0.01 0.04 0.01 0.08
Net diluted earnings (loss) per share (in USD per share) $ 0.30 $ 0.32 $ 0.79 $ (0.64)
Weighted average common shares outstanding:        
Basic (in shares) 85,041 86,688 84,971 86,856
Diluted (in shares) 85,140 88,632 85,135 86,856
Restaurant sales        
Revenues        
Revenues $ 984,771 $ 977,779 $ 2,014,288 $ 2,024,469
Franchise and other revenues        
Revenues        
Revenues $ 17,595 $ 21,590 $ 37,672 $ 43,973
[1] For the thirteen and twenty-six weeks ended June 30, 2024, primarily related to the Q2 2024 decision to close nine restaurants in Hong Kong and the closure of 36 predominantly older, underperforming U.S. restaurants (the “2023 Restaurant Closures”).