Bloomin' Brands, Inc. reported a slight increase in total revenues for the fiscal year ending December 28, 2025, reaching $3.96 billion, up 0.1% from $3.95 billion in the previous year. The company experienced a decline in operating income, which fell to $37.2 million from $139.8 million in 2024, resulting in an operating margin of 0.9%, down from 3.5%. The diluted earnings per share improved to $0.10, compared to a loss of $0.61 per share in the prior year. The increase in revenues was attributed to a combination of new restaurant openings and a modest rise in comparable restaurant sales, particularly in Carrabba’s Italian Grill, which saw a 2.8% increase.
The company underwent significant operational changes, including the completion of the sale of 67% of its Brazil operations in December 2024, which transitioned to a franchised model. This strategic shift is part of Bloomin' Brands' broader turnaround strategy aimed at enhancing profitability and brand relevance. The company plans to remodel nearly all Outback Steakhouse locations by the end of 2028 and has introduced new menu items, such as the Aussie Three Course, to attract customers. Additionally, Bloomin' Brands suspended its quarterly dividend in October 2025 to focus on debt reduction and operational improvements.
As of December 28, 2025, Bloomin' Brands operated 967 restaurants and franchised 493 across 46 states and 12 countries. The company employed approximately 64,000 team members, with a turnover rate of 81% for hourly staff and 20% for management. The U.S. segment generated $3.89 billion in revenue, while the international franchise segment contributed $31.3 million. The company reported a decline in customer traffic, with a 1.4% decrease across its U.S. restaurants, although average check sizes increased by 1.6%.
Looking ahead, Bloomin' Brands anticipates continued challenges from inflation and labor costs, which have impacted its operating margins. The company expects commodity inflation to range between 4.5% and 5.5% in 2026. Despite these pressures, management remains optimistic about the effectiveness of its turnaround strategy, which emphasizes operational excellence and guest experience enhancements. The company aims to leverage its existing restaurant base while cautiously exploring new development opportunities in the U.S. market.
About Bloomin' Brands, Inc.
Bloomin’ Brands, Inc. operates one of the largest casual dining restaurant portfolios globally, featuring concepts like Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar. It serves diverse markets across the U.S. and international franchises, offering varied dining experiences from casual to fine dining. The company generates revenue through company-owned restaurants and franchising, leveraging strong brand recognition, quality food, and customer loyalty programs.
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