Bloomin’ Brands, Inc.
Description
Bloomin' Brands, Inc., through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse. The company was founded in 1988 and is based in Tampa, Florida.
About
CEO
Mr. Michael Spanos
Employees
87,000
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Restaurants
MIC code
XNGS
Address
2202 North West Shore Boulevard, Tampa, FL 33607, United States
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Oscillators
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 6, 2025 | — | — | — | — |
| Aug 4, 2025 | — | — | — | — |
| May 5, 2025 | — | — | — | — |
| Feb 21, 2025 | 0.46 | — | — | — |
| Nov 8, 2024 | 0.20 | 0.21 | 0.01 | 5.00% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 9 | — | 12 |
| Average estimate | — | 0.69 | — | 1.79 |
| Low estimate | — | 0.62 | — | 1.51 |
| High estimate | — | 0.76 | — | 2.17 |
| Last year EPS | — | 0.70 | — | 1.79 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-50.860%
Next qtr. (Mar 2025)
-2.100%
Current year
-38.920%
Next year (Dec 2025)
-0.240%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 4.67B | 4.42B | 4.12B | 3.17B | 4.14B |
| Cost of revenue | 3.86B | 3.68B | 3.39B | 2.83B | 3.47B |
| Gross profit | 810.36M | 740.75M | 731.70M | 336.00M | 672.23M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 260.47M | 234.75M | 245.62M | 254.36M | 275.24M |
| Other operating expenses | — | — | 1.01B | 846.57M | 982.05M |
| Operating income | 358.72M | 336.39M | 322.70M | -98.62M | 200.18M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 52.17M | 53.20M | 57.59M | 64.44M | 49.26M |
| Other income expense | -33.57M | -131.28M | -15.81M | -76.46M | -9.23M |
| Pretax income | 272.98M | 151.91M | 249.30M | -239.52M | 141.69M |
| Tax provision | 18.56M | 42.70M | 26.38M | -80.73M | 7.57M |
| Net income | 254.41M | 109.20M | 222.91M | -158.80M | 134.12M |
| Basic EPS | 2.84 | 1.15 | 2.42 | -1.85 | 1.47 |
| Diluted EPS | 2.56 | 1.03 | 2.00 | -1.85 | 1.45 |
| Basic average shares | 87.23M | 88.85M | 88.98M | 87.47M | 88.84M |
| Diluted average shares | 87.23M | 88.85M | 88.98M | 87.47M | 88.84M |
| EBITDA | 549.89M | 506.00M | 486.09M | 81.77M | 396.84M |
| Net income from continuing op. | 254.41M | 109.20M | 222.91M | -158.80M | 134.12M |
| Minority interests | -7.03M | -7.30M | -7.36M | 80,000 | -3.54M |
| Preferred stock dividends | — | — | -345,000 | 3.50M | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 3.42B | 3.32B | 3.29B | 3.36B | 3.59B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 111.52M | 84.74M | 87.59M | 109.98M | 67.15M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 102.84M | 131.95M | 123.10M | 103.48M | 141.11M |
| Other receivables | — | — | — | — | — |
| Inventory | 75.94M | 78.12M | 79.11M | 61.93M | 86.86M |
| Prepaid assets | 26.67M | 29.34M | 21.19M | 12.15M | 20.22M |
| Restricted cash | 2.85M | — | 1.47M | 428,000 | — |
| Assets held for sale | — | — | 100,000 | 3.83M | 3.32M |
| Hedging assets | — | — | — | — | — |
| Other current assets | 5.40M | 4.67M | 22.54M | 12.76M | 3.26M |
| Non current assets | |||||
| Properties | 1.92B | 1.84B | 1.77B | 1.80B | 1.93B |
| Land and improvements | 34.65M | 37.60M | 38.42M | 40.50M | 42.57M |
| Machinery furniture equipment | 526.19M | 489.90M | 460.77M | 450.51M | 458.17M |
| Construction in progress | 78.95M | 41.72M | 47.82M | 27.10M | 24.48M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -1.71B | -1.62B | -1.51B | -1.41B | -1.36B |
| Goodwill | 1.02B | 1.02B | 1.01B | 1.03B | 1.07B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 466.11M | 471.78M | 476.68M | 484.23M | 494.90M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 221.47M | 211.81M | 223.47M | 222.26M | 166.25M |
| Total liabilities | 3.01B | 3.05B | 3.07B | 3.35B | 3.42B |
| Current liabilities | |||||
| Accounts payable | 189.20M | 183.72M | 167.98M | 141.46M | 174.88M |
| Accrued expenses | 118.21M | 105.01M | 308.75M | 292.31M | 295.88M |
| Short term debt | 175.44M | 183.51M | 10.96M | 38.71M | 26.41M |
| Deferred revenue | 381.88M | 394.22M | 398.80M | 381.62M | 369.28M |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | 79.29M | 101.09M |
| Other current liabilities | 137.60M | 112.42M | 98.15M | 96.01M | 95.57M |
| Non current liabilities | |||||
| Long term debt | 1.91B | 1.98B | 1.96B | 2.22B | 2.30B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | 27.30M | 55.20M | 13.78M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 35.97M | 30.79M | 28.91M | 65.72M | 56.41M |
| Shareholders equity | |||||
| Common stock | 870,000 | 877,000 | 893,000 | 879,000 | 869,000 |
| Retained earnings | -528.83M | -706.11M | -698.17M | -918.10M | -755.09M |
| Other shareholders equity | -178.30M | -185.31M | -205.99M | -211.45M | -169.78M |
| Total shareholders equity | 412.00M | 273.91M | 222.85M | 10.96M | 177.48M |
| Additional paid in capital | 1.12B | 1.16B | 1.12B | 1.13B | 1.09B |
| Treasury stock | — | — | — | — | — |
| Minority interest | 2.88M | 2.54M | 6.39M | 6.81M | 7.14M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Net Income | 254.41M | 109.20M | 222.91M | -158.80M | 134.12M | 109.54M | 103.61M | 43.99M | 131.56M | 95.93M | 214.57M | 61.30M | 109.18M | 59.18M | -64.84M |
| Depreciation | 191.17M | 169.62M | 163.39M | 180.26M | 196.81M | 201.59M | 192.28M | 193.84M | 190.40M | 190.91M | 164.09M | 155.48M | 153.69M | 156.27M | 186.07M |
| Deferred Taxes | -7.82M | 13.75M | -3.35M | -88.26M | -25.89M | -29.49M | -28.05M | -76.85M | 4.00M | -13.62M | -83.60M | -7.44M | -175,000 | 5.18M | -15.15M |
| Stock-Based Compensation | 11.91M | 16.51M | 24.41M | 14.80M | 24.65M | 27.43M | 25.94M | 21.52M | 22.73M | 19.69M | 21.59M | 44.78M | 39.23M | 39.51M | 47.60M |
| Other Non-Cash Items | 107.98M | 114.07M | 106.90M | 100.55M | 91.70M | 34.73M | 32.57M | 36.73M | 30.67M | 34.10M | 29.85M | 30.24M | -2.13M | 29.10M | 566,000 |
| Accounts Receivable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Accounts Payable | 26.69M | -40.68M | 25.62M | -61.64M | -23.50M | -39.87M | 53.88M | -8.22M | -9.14M | 32.18M | 10.19M | 4.69M | 32.88M | -28.60M | -66.18M |
| Other Assets & Liabilities | -84.63M | -133.93M | -160.34M | 56.92M | -86.39M | -39.80M | 420,000 | 7.82M | -13.03M | -66.25M | 37.83M | 30.65M | -22.34M | 31.85M | 38.40M |
| Operating Cash Flow | 499.71M | 248.55M | 379.54M | 43.84M | 311.50M | 264.13M | 380.65M | 218.83M | 357.19M | 292.94M | 394.52M | 319.70M | 310.33M | 292.48M | 126.48M |
| Investing Activities | |||||||||||||||
| Capital Expenditures | 2.52M | 1.63M | 9.32M | 2.18M | 25.38M | 30.20M | 99.86M | 532.41M | — | 5.75M | 3.22M | 197.42M | 2.15M | 462,000 | 3.07M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | 39.20M | 28.64M | 7.80M | -3.06M | -100.32M | 3.50M | 10.12M | -4.40M | 1.20M |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | 5.98M | 17.73M | 18.59M | 11.20M | 30.64M | 30.93M | 137.47M | 555.83M | 22.67M | -2.47M | -108.92M | 198.66M | 7.76M | -11.25M | 18.36M |
| Financing Activities | |||||||||||||||
| Long-Term Debt Issuance | — | — | 500.00M | 230.00M | — | 1.64M | 627.55M | 382.46M | 149.25M | 292.60M | — | 1.49B | — | — | 23.70M |
| Long-Term Debt Payments | -1.13B | -1.28B | -1.27B | -749.57M | -698.56M | -505.19M | -1.95B | -1.37B | -716.38M | -925.87M | -180.81M | -2.23B | -103.26M | -196.78M | -37.21M |
| Other Financing Charges | 18.54M | 121.58M | -19.25M | -29.94M | -18.87M | -26.97M | -27.60M | -61.04M | -43.84M | -42.59M | -33.67M | -97.87M | -19.04M | -31.53M | -123.89M |
| Financing Cash Flow | -1.32B | -970.18M | -1.15B | -720.46M | -860.66M | -679.46M | -980.44M | -1.20B | -705.33M | -351.80M | -214.91M | -731.10M | -167.37M | -223.24M | -137.40M |
| Other Cash Details | |||||||||||||||
| End Cash Position | 114.37M | 84.74M | 89.06M | 110.41M | 67.15M | 71.82M | 129.54M | 136.19M | 155.37M | 165.74M | 209.87M | 261.69M | 482.08M | 365.54M | 330.96M |
| Income Tax Paid | 27.75M | 35.45M | 36.34M | 8.42M | 24.00M | 15.84M | 33.39M | 88.82M | 31.55M | 56.22M | 33.67M | 24.28M | 27.70M | 10.78M | 21.34M |
| Interest Paid | 50.93M | 39.13M | 47.04M | 52.63M | 47.89M | 41.68M | 40.48M | 41.65M | 53.97M | 57.24M | 71.40M | 78.22M | 72.10M | 96.72M | 109.02M |
| Free Cash Flow | 208.17M | 171.23M | 279.63M | 51.01M | 155.68M | 79.85M | 148.41M | 80.01M | 184.88M | 114.14M | 140.05M | 161.37M | 201.54M | 214.68M | 138.01M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | Nov 30, 2024 | 4,894,534 | 61.18M | 5.77% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 2,774,185 | 34.68M | 3.27% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 2,254,240 | 28.18M | 2.66% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 2,130,018 | 26.63M | 2.51% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 1,439,825 | 18.00M | 1.70% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 1,144,734 | 14.31M | 1.35% |
| American Beacon Small Cap Value Fd | Oct 31, 2024 | 967,938 | 12.10M | 1.14% |
| Principal Small Cap Fund | Oct 31, 2024 | 821,100 | 10.26M | 0.97% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 804,832 | 10.06M | 0.95% |
| SPDR Portfolio S&P 600 Small Cap ETF | Nov 30, 2024 | 694,401 | 8.68M | 0.82% |
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