Bloomin' Brands (BLMN) Q4 2025 earnings summary

Executive summary

• Q4 2025 revenues rose to $975 million, up slightly year-over-year, with Outback achieving its first positive traffic growth since Q4 2021, reflecting early turnaround strategy success.

• The company operates 1,460 restaurants in 12 countries, with 75% domestic and trailing 12-month revenue of ~$4B.

• The turnaround strategy focuses on dine-in experience, brand relevancy, culture of ownership, and restaurant investment.

• 2026 is positioned as an investment year to drive sustained traffic and profit growth.

Financial highlights

• Q4 2025 GAAP net loss attributable to shareholders was $(13.5)M, compared to $(79.5)M in Q4 2024; adjusted diluted EPS was $0.26, up from $0.22.

• Adjusted restaurant-level operating margin was 11.5%-11.6%, down from 12.4% year-over-year.

• Adjusted operating income margin was 3.4%, nearly flat year-over-year.

• Restaurant margins were impacted by commodity inflation (4.7%) and labor inflation (3.2%).

• Off-premises sales remained strong at 24% of U.S. sales.

Outlook and guidance

• Fiscal 2026 U.S. comparable restaurant sales expected to grow 0.5%-2.5%; adjusted diluted EPS guidance is $0.75-$0.90.

• Commodity inflation forecasted at 4.5%-5.5%, with beef in high single digits; labor inflation at 3%-3.5%.

• Q1 2026 comp sales expected flat to up 1%, with adjusted diluted EPS of $0.57-$0.62.

• Capital expenditures for 2026 projected at $185-$195 million, with 6-8 new company-owned units and focus on remodels and maintenance.