How did Bloomin' Brands (NASDAQ:BLMN) perform in Q4 2025?

In Q4 2025, Bloomin' Brands reported a GAAP diluted loss per share of $0.14, a decline from earnings of $0.12 in Q4 2024. This loss was primarily due to significant non-cash charges, including a goodwill impairment related to Bonefish Grill and costs associated with restaurant closures. However, on an adjusted basis, diluted EPS rose to $0.26, up from $0.22 in the prior year.

What key milestone did Outback Steakhouse achieve in Q4 2025?

Outback Steakhouse recorded its first quarter of positive guest traffic since late 2021 in Q4 2025. This marks a critical operational recovery and is seen as a success for the company’s ongoing turnaround strategy, driven by investments in food quality and a more disciplined guest experience.

How did Bloomin’ Brands perform in fiscal 2025 compared to 2024?

For fiscal year 2025, Bloomin' Brands reported GAAP diluted earnings per share of $0.10, down from $0.71 in 2024. Adjusted diluted EPS for the year stood at $1.14, a decrease from $1.45 in the previous fiscal year. The decline reflects the impact of labor and commodity inflation, as well as the refranchising of the majority stake in its Brazil operations.

What was the impact of the refranchising of Bloomin' Brands' Brazil operations?

The refranchising of Bloomin' Brands’ majority stake in its Brazil operations earlier in the year had a negative impact on the company’s financial results, contributing to the decline in earnings per share. This move was part of the company’s broader strategy to streamline operations and focus on key markets.

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Outback Steakhouse traffic turns positive as Bloomin’ Brands launches turnaround strategy

Written by Isaac FrancisPublished Feb 25, 2026, 12:00 AMLast Updated Jul 6, 2026, 10:45 AM

Bloomin’ Brands (NASDAQ:BLMN) reported fourth-quarter 2025 financial results on Wednesday that signaled the early stages of a strategic pivot.

While the company faced significant non-cash charges, it achieved a critical operational milestone: Outback Steakhouse recorded its first quarter of positive guest traffic since late 2021.

For the quarter ended December 28, 2025, Bloomin’ Brands reported a GAAP diluted loss per share of $0.14, compared to earnings of $0.12 in the fourth quarter of 2024.

The results included substantial adjustments, primarily a goodwill impairment related to the Bonefish Grill division and costs associated with underperforming restaurant closures.

On an adjusted basis, diluted EPS rose to $0.26, up from $0.22 in the prior-year period.

CEO Mike Spanos, who initiated a comprehensive turnaround strategy in November 2024, attributed the traffic recovery at Outback to targeted investments in food quality—specifically steak upgrades—and a more disciplined guest experience.

For the full fiscal year 2025, the company reported GAAP diluted earnings per share of $0.10, down from $0.71 in 2024.

Adjusted diluted EPS for the year stood at $1.14, compared to $1.45 in the previous fiscal year.

The decline reflects ongoing labor and commodity inflation, as well as the impact of the company's decision to refranchise a majority stake in its Brazil operations earlier in the year.