Bloomin’ Brands Announces 2025 Q4 Financial Results

Provides Full Year 2026 Financial Outlook TAMPA, Fla.--(BUSINESS WIRE)--Feb. 25, 2026-- Bloomin’ Brands, Inc. (Nasdaq: BLMN) today reported results for the fourth quarter 2025 (“Q4 2025”) and the fiscal year ended December 28, 2025 (“Fiscal Year 2025”) compared to the fourth quarter 2024 (“Q4 2024”) and the fiscal year ended December 29, 2024 (“Fiscal Year 2024”). CEO Comments “Our fourth quarter results reflect our continued focus on disciplined execution and food quality to deliver a consistently great guest experience. Through these efforts, Outback achieved its first quarter of positive traffic since Q4 2021,” said Mike Spanos, CEO. “We launched our turnaround strategy in November with targeted investments in steak quality at Outback. Over the course of this year, we expect to make additional strategic investments as we look to drive long-term, sustainable, and profitable growth.” Diluted EPS and Adjusted Diluted EPS The following table reconciles Diluted (loss) earnings per share from continuing operations to Adjusted diluted earnings per share from continuing operations for the periods indicated (unaudited): Q4 FISCAL YEAR 2025 2024 CHANGE 2025 2024 CHANGE Diluted (loss) earnings per share: $ (0.14 ) $ 0.12 $ (0.26 ) $ 0.10 $ (0.61 ) $ 0.71 Adjustments (1) 0.40 0.10 0.30 1.04 2.06 (1.02 ) Adjusted diluted earnings per share (1) $ 0.26 $ 0.22 $ 0.04 $ 1.14 $ 1.45 $ (0.31 ) _______________ (1) Adjustments for Q4 2025 and Fiscal Year 2025 primarily include (i) goodwill impairment from the Bonefish Grill reporting unit, (ii) asset impairment and closing costs related to closures and underperforming restaurants, (iii) costs incurred as a result of transformational and restructuring activities and (iv) costs associated with the foreign currency forward contracts. Adjustments for Q4 2024 and Fiscal Year 2024 include (i) asset impairment and closing costs related to closures and underperforming restaurants, (ii) costs incurred as a result of transformational and restructuring activities and (iii) gains associated with the foreign currency forward contracts. See non-GAAP Measures later in this release. Also see Tables Four, Five and Six for further details regarding the nature of diluted earnings per share adjustments for the periods presented. Fourth Quarter Financial Results (dollars in millions, unaudited) Q4 2025 Q4 2024 CHANGE Total revenues $ 975.2 $ 972.0 0.3 % GAAP operating (loss) income margin (1.4 )% 1.7 % (3.1 )% Adjusted operating income margin (1) 3.4 % 3.5 % (0.1 )% Restaurant-level operating margin (1) 11.5 % 12.4 % (0.9 )% Adjusted restaurant-level operating margin (1) 11.6 % 12.4 % (0.8 )% _______________ (1) See non-GAAP Measures later in this release. Also see Tables Four and Five for details regarding the nature of restaurant-level operating margin and operating income margin adjustments, respectively. The increase in Total revenues was primarily due to the net impact of restaurant openings and closures partially offset by lower franchise revenues. GAAP operating income margin decreased from Q4 2024 primarily due to: (i) Bonefish Grill goodwill impairment, (ii) lapping 2024 gains and incurring 2025 costs associated with our foreign currency forward contracts and (iii) a decrease in restaurant-level operating margin, as detailed below. These decreases were partially offset by lower asset impairment and closing costs. Restaurant-level operating margin decreased from Q4 2024 primarily due to: (i) higher commodity and labor costs, mainly due to inflation, and (ii) unfavorable product cost mix. These decreases were partially offset by: (i) higher average check per person, primarily due to pricing, (ii) lower advertising expense and (iii) lower insurance expense. Adjusted operating income margin primarily excludes the Bonefish Grill goodwill impairment, certain asset impairment and closing costs and costs associated with the foreign currency forward contracts. Fourth Quarter Comparable Restaurant Sales THIRTEEN WEEKS ENDED DECEMBER 28, 2025 COMPANY-OWNED Comparable restaurant sales (stores open 18 months or more): U.S. Outback Steakhouse (0.6 )% Carrabba’s Italian Grill 1.6 % Bonefish Grill (0.1 )% Fleming’s Prime Steakhouse & Wine Bar 0.1 % Combined U.S. — % Fiscal 2026 Financial Outlook The table below presents our expectations for selected 2026 financial operating results. Financial Results: 2026 Guidance U.S. comparable restaurant sales 0.5% to 2.5% Diluted earnings per share (1) $0.70 to $0.85 Adjusted diluted earnings per share (1)(2) $0.75 to $0.90 Effective income tax rate Negative _______________ (1) Assumes diluted weighted average shares of 86 to 87 million. (2) Includes estimated adjustments related to accelerated depreciation associated with equipment upgrades in connection with the turnaround strategy. Other Selected Financial Data: 2026 Guidance Commodity inflation 4.5% to 5.5% Labor inflation 3% to 3.5% Capital expenditures $185M to $195M Number of new company-owned restaurants 6-8 Number of new franchised restaurants 17-20 Q1 2026 Financial Outlook The table below presents our expectations for selected fiscal Q1 2026 financial operating results. Financial Results: Q1 2026 Outlook U.S. comparable restaurant sales Flat to 1% Diluted earnings per share (1) $0.54 to $0.59 Adjusted diluted earnings per share (1)(2) $0.57 to $0.62 _______________ (1) Assumes diluted weighted average shares of approximately 86 million. (2) Includes estimated adjustments related to accelerated depreciation associated with equipment upgrades in connection with the turnaround strategy. Conference Call The Company will host a conference call today, February 25, 2026 at 8:30 AM EST. The conference call will be webcast live from the Company’s website at http://www.bloominbrands.com under the Investors section. A replay of this webcast will be available on the Company’s website after the call. About Bloomin’ Brands, Inc. Bloomin’ Brands, Inc. is one of the largest casual dining restaurant companies in the world with a portfolio of leading, differentiated restaurant concepts. The Company’s restaurant portfolio includes Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The Company owns, operates and franchises more than 1,450 restaurants in 46 states, Guam and 12 countries. For more information, please visit www.bloominbrands.com. Non-GAAP Measures In addition to the results provided in accordance with GAAP, this press release and related tables include certain non-GAAP measures, which present operating results on an adjusted basis. These are supplemental measures of performance that are not required by or presented in accordance with GAAP and include: (i) Restaurant-level operating income, adjusted restaurant-level operating income and their corresponding margins, (ii) Adjusted income from operations and the corresponding margin, (iii) Adjusted segment income from operations and the corresponding margin, (iv) Adjusted net income and (v) Adjusted diluted earnings per share. Restaurant-level operating margin is a non-GAAP financial measure widely regarded in the industry as a useful metric to evaluate restaurant-level operating efficiency and performance of ongoing restaurant-level operations, and we use it for these purposes. We believe that our use of non-GAAP financial measures permits investors to assess the operating performance of our business relative to our performance based on GAAP results and relative to other companies within the restaurant industry by isolating the effects of certain items that may vary from period to period without correlation to core operating performance or that vary widely among similar companies. However, our inclusion of these adjusted measures should not be construed as an indication that our future results will be unaffected by unusual or infrequent items or that the items for which we have made adjustments are unusual or infrequent or will not recur. We believe that the disclosure of these non-GAAP measures is useful to investors as they form part of the basis for how our management team and Board of Directors evaluate our operating performance, allocate resources and administer employee incentive plans. These non-GAAP financial measures are not intended to replace GAAP financial measures, and they are not necessarily standardized or comparable to similarly titled measures used by other companies. We maintain internal guidelines with respect to the types of adjustments we include in our non-GAAP measures. These guidelines endeavor to differentiate between types of gains and expenses that are reflective of our core operations in a period, and those that may vary from period to period without correlation to our core performance in that period. However, implementation of these guidelines necessarily involves the application of judgment, and the treatment of any items not directly addressed by, or changes to, our guidelines will be considered by our disclosure committee. You should refer to the reconciliations of non-GAAP measures in Tables Four, Five and Six included later in this release for descriptions of the actual adjustments made in the current period and the corresponding prior period. Forward-Looking Statements Certain statements contained herein, including statements under the headings “CEO Comments”, “Fiscal 2026 Financial Outlook” and “Q1 2026 Financial Outlook” are not based on historical fact and are “forward-looking statements” within the meaning of applicable securities laws. Generally, these statements can be identified by the use of words such as “guidance,” “believes,” “estimates,” “anticipates,” “expects,” “on track,” “feels,” “forecasts,” “seeks,” “projects,” “intends,” “plans,” “may,” “will,” “should,” “could,” “would” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the Company’s forward-looking statements. These risks and uncertainties include, but are not limited to: our ability to execute and achieve the expected benefits of our actions to focus on operational priorities, including our turnaround plans and cost-saving initiatives to fund such plans; consumer reaction to public health and food safety issues; increases in labor costs and fluctuations in the availability of employees and our ability to attract, train, and retain key personnel; increases in unemployment rates and taxes; competition; interruption or breach of our systems or loss of consumer or employee information; price and availability of commodities and other impacts of inflation and tariffs; our dependence on a limited number of suppliers and distributors; political, social and legal conditions in international markets and their effects on foreign operations and foreign currency exchange rates; the impacts of our operations in Brazil as a minority investor and franchisor; our ability to address corporate citizenship and sustainability matters and investor expectations; local, regional, national and international economic conditions; changes in patterns of consumer traffic, consumer tastes and dietary habits; the effects of changes in tax laws; costs, diversion of management attention and reputational damage from any claims or litigation; government actions and policies, including the impact of U.S. government shutdowns; challenges associated with our remodeling, relocation and expansion plans; our ability to preserve the value of and grow our brands, including due to our limited control with respect to and the challenges facing the operations of our franchisees; consumer confidence and spending patterns; the effects of a health pandemic, weather, acts of God and other disasters and the ability or success in executing related business continuity plans; the Company’s ability to make debt payments and planned investments and the Company’s compliance with debt covenants; the cost and availability of credit; interest rate changes; and any impairments in the carrying value of goodwill and other assets. Further information on potential factors that could affect the financial results of the Company and its forward-looking statements is included in its most recent Form 10-K and subsequent filings with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statement, except as may be required by law. These forward-looking statements speak only as of the date of this release. All forward-looking statements are qualified in their entirety by this cautionary statement. Note: Numerical figures included in this release have been subject to rounding adjustments. TABLE ONE BLOOMIN’ BRANDS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS THIRTEEN WEEKS ENDED FISCAL YEAR DECEMBER 28, 2025 DECEMBER 29, 2024 2025 2024 (in thousands, except per share data) (UNAUDITED) (UNAUDITED) (UNAUDITED) Revenues Restaurant sales $ 958,026 $ 952,091 $ 3,884,234 $ 3,866,344 Franchise and other revenues 17,197 19,929 71,762 84,131 Total revenues 975,223 972,020 3,955,996 3,950,475 Costs and expenses Food and beverage 290,586 276,239 1,177,303 1,147,859 Labor and other related 309,844 301,170 1,237,978 1,202,520 Other restaurant operating 247,315 256,408 1,014,151 1,001,034 Depreciation and amortization 44,188 45,146 177,680 175,580 General and administrative 58,389 43,723 238,396 219,383 Provision for impaired assets and restaurant closings 10,011 33,137 45,137 64,291 Goodwill impairment 28,188 — 28,188 — Total costs and expenses 988,521 955,823 3,918,833 3,810,667 (Loss) income from operations (13,298 ) 16,197 37,163 139,808 Loss on extinguishment of debt — — — (136,022 ) Interest expense, net (12,356 ) (17,138 ) (45,354 ) (62,593 ) Loss before benefit for income taxes (25,654 ) (941 ) (8,191 ) (58,807 ) Benefit for income taxes (16,450 ) (13,526 ) (26,699 ) (12,134 ) Loss from equity method investment, net of tax (1,308 ) — (4,742 ) — Net (loss) income from continuing operations (10,512 ) 12,585 13,766 (46,673 ) Loss from discontinued operations, net of tax (1,251 ) (90,122 ) (537 ) (75,982 ) Net (loss) income (11,763 ) (77,537 ) 13,229 (122,655 ) Less: net income attributable to noncontrolling interests 1,712 1,924 4,992 5,363 Net (loss) income attributable to Bloomin’ Brands $ (13,475 ) $ (79,461 ) $ 8,237 $ (128,018 ) Basic (loss) earnings per share (1): Continuing operations $ (0.14 ) $ 0.13 $ 0.10 $ (0.61 ) Discontinued operations (0.01 ) (1.06 ) (0.01 ) (0.88 ) Net basic (loss) earnings per share $ (0.16 ) $ (0.94 ) $ 0.10 $ (1.49 ) Diluted (loss) earnings per share (1): Continuing operations $ (0.14 ) $ 0.12 $ 0.10 $ (0.61 ) Discontinued operations (0.01 ) (1.05 ) (0.01 ) (0.88 ) Net diluted (loss) earnings per share $ (0.16 ) $ (0.93 ) $ 0.10 $ (1.49 ) Weighted average common shares outstanding: Basic 85,214 84,845 85,062 85,905 Diluted 85,214 85,428 85,307 85,905 _______________ (1) Amounts may not add due to rounding. TABLE TWO BLOOMIN’ BRANDS, INC. SEGMENT RESULTS THIRTEEN WEEKS ENDED FISCAL YEAR (dollars in thousands) DECEMBER 28, 2025 DECEMBER 29, 2024 2025 2024 U.S. Segment (UNAUDITED) (UNAUDITED) (UNAUDITED) Revenues Restaurant sales $ 948,060 $ 942,568 $ 3,846,028 $ 3,812,604 Franchise and other revenues 9,358 9,940 40,397 44,530 Total U.S. segment revenues 957,418 952,508 3,886,425 3,857,134 International Franchise Segment Franchise revenues 7,817 9,988 31,297 39,490 Reconciliation All other revenues (1) 9,988 9,524 38,274 53,851 Total revenues $ 975,223 $ 972,020 $ 3,955,996 $ 3,950,475 Reconciliation of Segment Operating Income to Total Operating (Loss) Income Segment income from operations U.S. $ 22,301 $ 34,036 $ 180,033 $ 250,050 International Franchise 7,572 9,668 30,412 37,961 Total segment income from operations 29,873 43,704 210,445 288,011 Unallocated corporate operating expense (44,101 ) (27,102 ) (175,536 ) (130,769 ) Other income (loss) from operations (1) 930 (405 ) 2,254 (17,434 ) Total (loss) income from operations $ (13,298 ) $ 16,197 $ 37,163 $ 139,808 _______________ (1) Primarily includes revenues and income (loss) from operations related to its Hong Kong subsidiary. TABLE THREE BLOOMIN’ BRANDS, INC. SUPPLEMENTAL BALANCE SHEET INFORMATION DECEMBER 28, 2025 DECEMBER 29, 2024 (dollars in thousands) (UNAUDITED) Cash and cash equivalents $ 59,461 $ 70,056 Net working capital (deficit) (1) $ (609,008 ) $ (631,817 ) Total assets $ 3,171,907 $ 3,384,805 Total debt $ 787,425 $ 1,027,398 Total stockholders’ equity $ 337,165 $ 139,446 _______________ (1) We have, and in the future may continue to have, negative working capital balances (as is common for many restaurant companies). We operate successfully with negative working capital because cash collected on restaurant sales is typically received before payment is due on our current liabilities, and our inventory turnover rates require relatively low investment in inventories. Additionally, ongoing cash flows from restaurant operations and gift card sales are typically used to service debt obligations and to make capital expenditures. TABLE FOUR BLOOMIN’ BRANDS, INC. RESTAURANT-LEVEL AND ADJUSTED RESTAURANT-LEVEL OPERATING INCOME AND MARGINS NON-GAAP RECONCILIATIONS (UNAUDITED) Consolidated THIRTEEN WEEKS ENDED FISCAL YEAR (dollars in thousands) DECEMBER 28, 2025 DECEMBER 29, 2024 2025 2024 (Loss) income from operations $ (13,298 ) $ 16,197 $ 37,163 $ 139,808 Operating (loss) income margin (1.4 )% 1.7 % 0.9 % 3.5 % Less: Franchise and other revenues 17,197 19,929 71,762 84,131 Plus: Depreciation and amortization 44,188 45,146 177,680 175,580 General and administrative 58,389 43,723 238,396 219,383 Provision for impaired assets and restaurant closings 10,011 33,137 45,137 64,291 Goodwill impairment 28,188 — 28,188 — Restaurant-level operating income (1) $ 110,281 $ 118,274 $ 454,802 $ 514,931 Restaurant-level operating margin 11.5 % 12.4 % 11.7 % 13.3 % Adjustments: Employee benefits policy change (2) 908 — 3,671 — Closure-related charges — — — 434 Total restaurant-level operating income adjustments 908 — 3,671 434 Adjusted restaurant-level operating income $ 111,189 $ 118,274 $ 458,473 $ 515,365 Adjusted restaurant-level operating margin 11.6 % 12.4 % 11.8 % 13.3 % _______________ (1) The following categories of revenue and operating expenses are not included in restaurant-level operating income and the corresponding margin because we do not consider them reflective of operating performance at the restaurant-level within a period: (a) Franchise and other revenues, which are earned primarily from franchise royalties and other non-food and beverage revenue streams, such as rental and sublease income. (b) Depreciation and amortization, which, although substantially all of which is related to restaurant-level assets, represent historical sunk costs rather than cash outlays for the restaurants. (c) General and administrative expense, which includes primarily non-restaurant-level costs associated with support of the restaurants and other activities at our corporate offices. (d) Asset impairment charges and restaurant closing costs and Goodwill impairment. (2) Represents costs associated with updated field PTO policy in connection with the transition to a new human resources and payroll system. TABLE FIVE BLOOMIN’ BRANDS, INC. ADJUSTED INCOME FROM OPERATIONS AND MARGIN NON-GAAP RECONCILIATIONS (UNAUDITED) (dollars in thousands) THIRTEEN WEEKS ENDED FISCAL YEAR Consolidated DECEMBER 28, 2025 DECEMBER 29, 2024 2025 2024 (Loss) income from operations $ (13,298 ) $ 16,197 $ 37,163 $ 139,808 Operating (loss) income margin (1.4 )% 1.7 % 0.9 % 3.5 % Adjustments: Total restaurant-level operating income adjustments (1) 908 — 3,671 434 Goodwill impairment (2) 28,188 — 28,188 — Asset impairments and closure-related charges (3) 9,277 30,602 38,918 63,009 Severance and other transformational costs (4) 6,575 2,500 22,762 10,621 Foreign currency forward contract costs (gains) (5) 1,517 (15,728 ) 9,332 (15,728 ) Total income from operations adjustments 46,465 17,374 102,871 58,336 Adjusted income from operations $ 33,167 $ 33,571 $ 140,034 $ 198,144 Adjusted operating income margin 3.4 % 3.5 % 3.5 % 5.0 % U.S. Segment Income from operations $ 22,301 $ 34,036 $ 180,033 $ 250,050 Operating income margin 2.3 % 3.6 % 4.6 % 6.5 % Adjustments: Total restaurant-level operating income adjustments (1) — — — 434 Goodwill impairment (2) 28,188 — 28,188 — Asset impairments and closure-related charges (3) 8,645 30,071 38,505 43,929 Severance and other transformational costs (4) — 2,500 — 6,500 Total income from operations adjustments 36,833 32,571 66,693 50,863 Adjusted income from operations $ 59,134 $ 66,607 $ 246,726 $ 300,913 Adjusted operating income margin 6.2 % 7.0 % 6.3 % 7.8 % International Franchise Segment Income from operations $ 7,572 $ 9,668 $ 30,412 $ 37,961 _______________ (1) See Table Four Restaurant-level and Adjusted Restaurant-Level Operating Income and Margins Non-GAAP Reconciliations for details regarding restaurant-level operating income adjustments. (2) Relates to goodwill impairment from the Bonefish Grill reporting unit. (3) The thirteen weeks ended December 28, 2025 and fiscal year 2025 primarily include costs related to the closure of 21 U.S. restaurants and the decision not to renew the leases of 22 restaurants. Fiscal year 2025 also includes asset impairments related to five underperforming U.S. restaurants. The thirteen weeks ended December 29, 2024 and fiscal year 2024 include asset impairment related to older, underperforming restaurants. Fiscal year 2024 also includes other asset impairment and closure-related costs in connection with previous restaurant closures. (4) Includes severance, professional fees and other costs incurred as a result of transformational and restructuring activities. (5) Represents costs (gains) in connection with the foreign currency forward contracts that mostly offset foreign currency exchange risk associated with payments from the Brazil Sale Transaction. TABLE SIX BLOOMIN’ BRANDS, INC. ADJUSTED NET INCOME AND ADJUSTED DILUTED EARNINGS PER SHARE NON-GAAP RECONCILIATIONS (UNAUDITED) THIRTEEN WEEKS ENDED FISCAL YEAR (in thousands, except per share data) DECEMBER 28, 2025 DECEMBER 29, 2024 2025 2024 Net (loss) income attributable to Bloomin’ Brands $ (13,475 ) $ (79,461 ) $ 8,237 $ (128,018 ) Loss from discontinued operations, net of tax (1,251 ) (90,122 ) (537 ) (75,982 ) Net (loss) income attributable to Bloomin’ Brands from continuing operations (12,224 ) 10,661 8,774 (52,036 ) Adjustments: Income from operations adjustments (1) 46,465 17,374 102,871 58,336 Loss on extinguishment of debt (2) — — — 135,797 Total adjustments, before income taxes 46,465 17,374 102,871 194,133 Tax effect of adjustments (3) (11,747 ) (9,107 ) (14,770 ) (13,001 ) Net adjustments, continuing operations 34,718 8,267 88,101 181,132 Adjusted net income, continuing operations 22,494 18,928 96,875 129,096 Adjusted (loss) income, discontinued operations net of tax (4) (1,251 ) 13,723 (537 ) 30,246 Adjusted net income $ 21,243 $ 32,651 $ 96,338 $ 159,342 Diluted (loss) earnings per share (5): Continuing operations $ (0.14 ) $ 0.12 $ 0.10 $ (0.61 ) Discontinued operations (0.01 ) (1.05 ) (0.01 ) (0.88 ) Net diluted (loss) earnings per share $ (0.16 ) $ (0.93 ) $ 0.10 $ (1.49 ) Adjusted diluted earnings per share (5): Continuing operations $ 0.26 $ 0.22 $ 1.14 $ 1.45 Discontinued operations (0.01 ) 0.16 (0.01 ) 0.34 Adjusted net diluted earnings per share (6) $ 0.25 $ 0.38 $ 1.13 $ 1.79 Diluted weighted average common shares outstanding 85,214 85,428 85,307 85,905 Adjusted diluted weighted average common shares outstanding (6) 85,562 85,428 85,307 88,900 _______________ (1) See Table Five Adjusted Income from Operations and Margin Non-GAAP Reconciliations above for details regarding income from operations adjustments. (2) Includes losses in connection with the repurchase of $83.6 million of the outstanding convertible senior notes due in 2025, including settlements of the related convertible senior note hedges and warrants. (3) The tax effect of non-GAAP adjustments is determined by recomputing the benefit for income taxes on an adjusted basis. The difference between the recomputed benefit for income taxes and the GAAP benefit for income taxes represents the tax effect of non-GAAP adjustments. (4) Includes net (loss) income from our Brazil operations for the periods presented. For fiscal year 2024, also includes adjustments for $68.3 million for impairment of assets held for sale and $33.8 million of deferred income tax expense resulting from the Brazil Sale Transaction and the tax effects of non-GAAP adjustments. (5) Amounts may not add due to rounding. (6) For the thirteen weeks ended December 28, 2025 and fiscal year 2024, includes shares that are excluded from GAAP diluted weighted average common shares outstanding due to a GAAP net loss, however, incorporated in adjusted diluted weighted average common shares outstanding as a result of the adjusted net income position. Following is a summary of the financial statement line item classification of the net (loss) income adjustments from continuing operations: THIRTEEN WEEKS ENDED FISCAL YEAR (dollars in thousands) DECEMBER 28, 2025 DECEMBER 29, 2024 2025 2024 Labor and other related $ 908 $ — $ 3,671 $ 434 General and administrative 8,744 (11,742 ) 32,828 748 Provision for impaired assets and restaurant closings 8,625 29,116 38,184 57,154 Goodwill impairment 28,188 — 28,188 — Loss on extinguishment of debt — — — 135,797 Provision for income taxes (11,747 ) (9,107 ) (14,770 ) (13,001 ) Net adjustments $ 34,718 $ 8,267 $ 88,101 $ 181,132 TABLE SEVEN BLOOMIN’ BRANDS, INC. COMPARATIVE RESTAURANT INFORMATION (UNAUDITED) Number of restaurants: SEPTEMBER 28, 2025 OPENINGS CLOSURES DECEMBER 28, 2025 U.S. Outback Steakhouse Company-owned 559 4 (15 ) 548 Franchised 120 — (2 ) 118 Total 679 4 (17 ) 666 Carrabba’s Italian Grill Company-owned 190 1 (4 ) 187 Franchised 17 — — 17 Total 207 1 (4 ) 204 Bonefish Grill Company-owned 162 — (6 ) 156 Franchised 4 — (2 ) 2 Total 166 — (8 ) 158 Fleming’s Prime Steakhouse & Wine Bar Company-owned 66 — — 66 Other Franchised 1 — — 1 U.S. total 1,119 5 (29 ) 1,095 International Franchise Outback Steakhouse - Brazil 187 1 — 188 Outback Steakhouse - South Korea 101 — — 101 Other 66 — — 66 International Franchise total 354 1 — 355 International - Company-owned Outback Steakhouse - Hong Kong/China 10 — — 10 System-wide total 1,483 6 (29 ) 1,460 System-wide total - Company-owned 987 5 (25 ) 967 System-wide total - Franchised 496 1 (4 ) 493 TABLE EIGHT BLOOMIN’ BRANDS, INC. COMPARABLE RESTAURANT SALES, TRAFFIC AND AVERAGE CHECK PER PERSON INFORMATION (UNAUDITED) THIRTEEN WEEKS ENDED FISCAL YEAR DECEMBER 28, 2025 DECEMBER 29, 2024 (1) 2025 2024 (1) Year over year percentage change: Comparable restaurant sales (restaurants open 18 months or more): U.S. (2) Outback Steakhouse (0.6 )% (1.8 )% (0.5 )% (1.2 )% Carrabba’s Italian Grill 1.6 % (0.9 )% 2.8 % — % Bonefish Grill (0.1 )% (1.5 )% (2.2 )% (3.2 )% Fleming’s Prime Steakhouse & Wine Bar 0.1 % 3.0 % 2.5 % 0.2 % Combined U.S. — % (1.1 )% 0.2 % (1.1 )% Traffic: U.S. Outback Steakhouse 0.9 % (4.7 )% (1.2 )% (4.2 )% Carrabba’s Italian Grill (0.9 )% (4.5 )% — % (3.2 )% Bonefish Grill 2.3 % (8.7 )% (5.4 )% (7.1 )% Fleming’s Prime Steakhouse & Wine Bar (2.4 )% (3.5 )% (1.2 )% (5.8 )% Combined U.S. 0.5 % (5.1 )% (1.4 )% (4.4 )% Average check per person (3): U.S. Outback Steakhouse (1.5 )% 2.9 % 0.7 % 3.0 % Carrabba’s Italian Grill 2.5 % 3.6 % 2.8 % 3.2 % Bonefish Grill (2.4 )% 7.2 % 3.2 % 3.9 % Fleming’s Prime Steakhouse & Wine Bar 2.5 % 6.5 % 3.7 % 6.0 % Combined U.S. (0.5 )% 4.0 % 1.6 % 3.3 % _______________ (1) As a result of the 53rd week in 2023, U.S. comparable restaurant sales, traffic and average check per person for 2024, compare the thirteen weeks from September 30, 2024 through December 29, 2024 to the thirteen weeks from October 2, 2023 through December 31, 2023, and for the fifty-two weeks from January 1, 2024 through December 29, 2024 to the fifty-two weeks from January 2, 2023 through December 31, 2023. (2) Relocated restaurants closed more than 60 days are excluded from comparable restaurant sales until at least 18 months after reopening. (3) Includes the impact of menu pricing changes, product mix and discounts. View source version on businesswire.com: https://www.businesswire.com/news/home/20260225827304/en/ Tara Kurian SVP, IR, FP&A, and International (813) 830-5311 Source: Bloomin’ Brands, Inc.