Bloomin’ Brands ( (BLMN) ) has released its Q1 earnings. Here is a breakdown of the information Bloomin’ Brands presented to its investors.
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Bloomin’ Brands, Inc. is a prominent player in the casual dining restaurant industry, operating a diverse portfolio of well-known restaurant brands including Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar, with over 1,450 locations worldwide.
In its first quarter of 2025, Bloomin’ Brands reported a diluted earnings per share (EPS) of $0.50, a significant improvement from the previous year’s loss, and an adjusted diluted EPS of $0.59. The company continues to focus on operational priorities and value offerings amid a challenging economic landscape.
Key financial metrics for Q1 2025 show a slight decline in total revenues to $1.05 billion, down 1.8% from the previous year, attributed to restaurant closures and decreased comparable sales. The GAAP operating income margin also saw a decrease, impacted by higher operating costs and inflation, though partially offset by price adjustments and cost-saving initiatives. Notably, comparable restaurant sales varied across brands, with Fleming’s Prime Steakhouse showing a positive growth of 5.1%.
Despite the challenges, Bloomin’ Brands remains committed to its strategic initiatives, including restructuring efforts and maintaining its dividend payout. The company has reaffirmed its financial guidance for the full year of 2025, indicating a cautious yet optimistic outlook.
Looking ahead, Bloomin’ Brands aims to navigate the economic headwinds by leveraging its brand strength and operational efficiencies, while continuing to enhance guest experiences and drive sustainable growth.