NASDAQ$BLMN

Bloomin Brands Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Bloomin' Brands reported mixed Q4 2024 results with a net loss, but adjusted EPS showed a profit. The sale of a majority stake in Brazil operations was completed, and a full-year 2025 financial outlook was provided.

Bloomin' Brands reported a net loss of $(0.93) per share for Q4 2024, but an adjusted EPS of $0.38. Total revenues were $1,096.8 million, down 8.2% compared to Q4 2023. The company completed the sale of 67% of its Brazil operations and provided a full-year 2025 financial outlook.

  • Q4 2024 diluted EPS was $(0.93), while adjusted diluted EPS was $0.38.
  • Total revenues for Q4 2024 were $1,096.8 million, a decrease of 8.2% compared to Q4 2023.
  • The sale of 67% of the Brazil operations was completed on December 30, 2024.
  • Full-year 2025 financial outlook includes US comparable restaurant sales between (2.0%) to Flat and adjusted diluted EPS of $1.20 to $1.40.

Headline financials

Total Revenue

$972M

Previous: $1.19B-18.6%
EPS (adj)

$0.38

Previous: $0.75-49.3%
U.S. Comparable Sales Growth

-1.1%

Previous: -0.2%-450.0%
Outback U.S. Comp Sales

-1.8%

No prior period
Carrabba's U.S. Comp Sales

-0.9%

No prior period
Bonefish U.S. Comp Sales

-1.5%

No prior period
Fleming's U.S. Comp Sales

3.0%

No prior period
U.S. Traffic Growth

-5.1%

Previous: -3.1%-64.5%
U.S. Avg Check Growth

4.0%

Previous: 2.9%+37.9%
Capital Expenditures

-$22.1M

Previous: $97.2M-122.7%
Net Income

-$77.5M

Previous: $45.6M-270.2%
Operating Income

$16.2M

Previous: $56.8M-71.5%
Gross Profit

$93.1M

Previous: $160M-42.0%

Revenue & EPS history

Bloomin' Brands · Revenue · Quarterly

$972M

Q4 2024-18.6%vs Q4 2023
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Revenue by segment

Bloomin' Brands · $1.08B total across 2 segments · Q3 2023

  • Restaurant sales
    $1.06B+2.3%
  • Franchise and other
    $15.4M+0.2%

Forward guidance

Bloomin' Brands provided its financial outlook for 2025, including expectations for US comparable restaurant sales, diluted earnings per share, adjusted diluted earnings per share, and effective income tax rate. They also provided their Q1 2025 outlook.

Tailwinds

  • U.S. comparable restaurant sales between (2.0%) to Flat
  • Diluted earnings per share $1.08 to $1.28
  • Adjusted diluted earnings per share $1.20 to $1.40
  • Effective income tax rate Close to 0%
  • Number of new franchised restaurants Approximately 30

Headwinds

  • U.S. comparable restaurant sales (1.5%) to (0.5%)
  • Diluted earnings per share $0.48 to $0.53
  • Adjusted diluted earnings per share $0.55 to $0.60
  • Commodity inflation 2.5% to 3.5%
  • Labor Inflation 4% to 5%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+1.2%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-1.2%

Avg return

30 days after

58%

35 / 60 earnings

Positive

+17.3%

Q3 2014

Best reaction

-19.3%

Q2 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.1%+2.3%-10.5%
Q4 2025-2.9%+7.7%-10.4%
Q3 2025+5.1%-7.1%-2.0%
Q1 2025-8.4%+11.1%-4.4%
Q4 2024-16.8%-29.1%-37.7%
Q3 2024-18.0%-19.2%-23.2%
Q2 2024-7.3%-14.5%-7.4%
Q1 2024-4.3%-7.7%-19.4%
Q4 2023+4.8%+4.1%+2.7%
Q3 2023-1.9%-3.4%+2.1%
Q2 2023-5.4%-6.9%+4.4%
Q1 2023+4.7%+4.4%+5.4%
Q4 2022+10.5%+12.9%+2.4%
Q3 2022+6.5%+2.9%+1.2%
Q2 2022+3.6%+7.5%+8.1%
Q1 2022+4.9%+4.3%-2.0%
Q4 2021+8.6%+6.6%-3.0%
Q3 2021-5.1%-2.3%-17.1%
Q2 2021+1.1%+1.5%+9.8%
Q1 2021+9.7%+7.2%+2.6%
Q4 2020+10.5%+13.7%+26.3%
Q3 2020-14.1%-20.8%-3.7%
Q2 2020+7.5%+10.8%+13.8%
Q1 2020+15.5%-7.2%+38.9%
Q4 2019+7.0%+8.9%-72.6%
Q3 2019+10.6%+9.9%+7.4%
Q2 2019-3.8%-5.1%+1.2%
Q1 2019+4.6%+0.3%-6.4%
Q4 2018+12.2%+10.1%+5.9%
Q3 2018+8.0%+11.1%+10.5%
Q2 2018-1.1%-7.3%-1.1%
Q1 2018+2.7%+4.4%-8.9%
Q4 2017+9.5%+6.5%+8.2%
Q3 2017-2.1%-2.1%+23.9%
Q2 2017-11.7%-16.1%-16.3%
Q1 2017+6.3%+10.6%+3.1%
Q4 2016+5.1%-0.2%+3.9%
Q3 2016+2.2%+1.1%+16.2%
Q2 2016-5.2%-5.3%+1.4%
Q1 2016+9.9%
Q4 2015-9.5%
Q3 2015-2.4%
Q2 2015+0.8%
Q1 2015-7.0%
Q4 2014-0.2%
Q1 2012+2.3%
Q3 2014+17.3%
Q2 2014-19.3%
Q1 2014+0.8%
Q4 2013-1.8%
Q3 2013-4.1%
Q2 2013+6.3%
Q1 2013-3.6%
Q4 2010+2.1%
Q1 2011+2.1%
Q4 2012-5.9%
Q3 2012+10.0%
Q2 2011+7.1%
Q4 2011+7.1%
Q2 2012+6.8%
Q3 2011

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