Bloomin' Brands

In the late 1980s, four friends who were all veterans of the hospitality industry had the dream of opening their own restaurant. They wanted a place with a casual atmosphere and a strong focus on quality food and service.

To differentiate themselves from other dining concepts, they decided an Australian theme fit the relaxed, friendly and fun image they wanted for their new restaurant. With a “No Rules, Just Right” mentality that takes food very seriously, but without taking themselves too seriously and operating under the premise that nothing stands in the way of pleasing the customer, they opened their first Outback Steakhouse restaurant in March 1988 in Tampa, Florida. Outback Steakhouse quickly became known as a place that served a great steak at a reasonable price by people who genuinely cared about the comfort, well-being and joy of their guests.

Since the first Outback Steakhouse opened, our family has expanded to include Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar. Together, these unique, Founder-inspired restaurants that deliver exceptional quality and welcoming hospitality make up Bloomin’ Brands, Inc.

Today, Bloomin' Brands is one of the world's largest casual dining companies with approximately 95,000 Team Members and more than 1,500 restaurants throughout 48 states, Puerto Rico, Guam and 21 countries.

Company Growth (employees)
Type
Public
HQ
Tampa, US
Founded
1988
Size (employees)
97,000 (est)
Bloomin' Brands was founded in 1988 and is headquartered in Tampa, US

Bloomin' Brands Office Locations

Bloomin' Brands has an office in Tampa
Tampa, US (HQ)
500 2202 N Westshore Blvd

Bloomin' Brands Data and Metrics

Bloomin' Brands Financial Metrics

Bloomin' Brands's revenue was reported to be $1.1 b in Q1, 2017
USD

Revenue (Q1, 2017)

1.1 b

Gross profit (Q1, 2017)

779.1 m

Gross profit margin (Q1, 2017), %

68%

Net income (Q1, 2017)

44.9 m

EBIT (Q1, 2017)

69.1 m

Market capitalization (22-Aug-2017)

1.8 b

Cash (26-Mar-2017)

98.4 m
Bloomin' Brands's current market capitalization is $1.8 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

4.1 b4.4 b4.4 b4.3 b

Revenue growth, %

8%(1%)(3%)

Cost of goods sold

1.3 b1.4 b1.4 b1.4 b

Gross profit

2.8 b3 b3 b2.9 b

Gross profit Margin, %

68%68%68%68%

General and administrative expense

268 m

Operating expense total

268 m

EBIT

217.6 m192 m230.9 m127.6 m

EBIT margin, %

5%4%5%3%

Interest expense

74.8 m59.7 m56.2 m45.7 m

Pre tax profit

56.5 m

Income tax expense

(42.2 m)24 m39.3 m10.1 m

Net Income

214.6 m95.9 m131.6 m46.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

1.1 b1.1 b1.2 b1.1 b1 b1.2 b1.1 b1 b1.1 b

Cost of goods sold

358.9 m348.3 m387.5 m357.5 m339 m375.3 m346.8 m322.1 m364.7 m

Gross profit

752.1 m717.1 m814.6 m742.1 m687.7 m788.9 m731.8 m683.3 m779.1 m

Gross profit Margin, %

68%67%68%67%67%68%68%68%68%

General and administrative expense

72.3 m75.4 m73.2 m76 m69.6 m75 m68.6 m65.1 m71.9 m

Operating expense total

72.3 m75.4 m73.2 m76 m69.6 m75 m68.6 m65.1 m71.9 m

EBIT

62.4 m(1.1 m)97.7 m62.6 m38.7 m86.7 m13.3 m31.7 m69.1 m

EBIT margin, %

6%(0%)8%6%4%7%1%3%6%

Interest expense

15.1 m13.8 m13.2 m12.9 m14.9 m12.9 m10.3 m10.2 m9.1 m

Pre tax profit

83.4 m47.1 m47.2 m3 m23.2 m59.9 m

Income tax expense

8.8 m(4.1 m)21.3 m14.1 m6.2 m11.3 m11.1 m2 m15 m

Net Income

82.8 m72 m62.1 m95.1 m112.5 m35.9 m27.8 m49 m44.9 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

209.9 m165.7 m132.3 m127.2 m

Inventories

80.6 m80.8 m80.7 m65.2 m

Current Assets

484 m600.6 m418.6 m390.5 m

Goodwill

346.3 m341.5 m300.9 m310.1 m

Total Assets

3.3 b3.3 b3 b2.6 b

Accounts Payable

164.6 m191.2 m193.1 m195.4 m

Current Liabilities

744.5 m840.1 m814.2 m823.4 m

Total Liabilities

2.4 b

Additional Paid-in Capital

1.1 b1.1 b1.1 b1.1 b

Retained Earnings

(565.2 m)(475 m)(518.4 m)(786.8 m)

Total Equity

421.9 m195.4 m

Financial Leverage

7.2 x13.5 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

155.8 m144.7 m135.6 m132.8 m135.6 m128.8 m102.1 m91.5 m98.4 m

Inventories

65.3 m64.7 m73.2 m72.1 m79.6 m74.4 m67.7 m66.5 m52.3 m

Current Assets

427.9 m451.5 m484.3 m446.5 m440.8 m300.7 m296.1 m250.4 m241.3 m

Goodwill

353.1 m359.2 m329.8 m318.2 m306.3 m297.9 m304.6 m314.6 m316.5 m

Total Assets

3.2 b3.2 b3.2 b3.1 b3.1 b2.9 b2.8 b2.7 b2.5 b

Accounts Payable

188.3 m200.3 m207.1 m202.7 m197.3 m217 m203 m189.7 m197.6 m

Current Liabilities

660.2 m684.8 m735.5 m702.5 m652.8 m803.1 m724.8 m674 m746.8 m

Additional Paid-in Capital

1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b

Retained Earnings

(485.8 m)(497.3 m)(484.6 m)(482.7 m)(526 m)(559 m)(633.2 m)(747.5 m)(781.7 m)

Total Equity

495.9 m417.5 m367.2 m309.3 m239.6 m219.1 m

Financial Leverage

6.3 x7.4 x7.9 x9 x11.1 x11.5 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

214.6 m95.9 m131.6 m46.3 m

Depreciation and Amortization

164.1 m190.9 m190.4 m193.8 m

Cash From Operating Activities

377.3 m352 m397.4 m340.6 m

Capital Expenditures

(237.2 m)(237.9 m)(210.3 m)(260.6 m)

Cash From Investing Activities

(346.1 m)(240.3 m)(180.6 m)309.3 m

Long-term Borrowings

(80.8 m)(31.9 m)(43.1 m)(355.6 m)

Cash From Financing Activities

(87.1 m)(148.7 m)(241 m)(658 m)

Interest Paid

71.4 m57.2 m54 m41.6 m

Income Taxes Paid

33.7 m56.2 m31.6 m88.8 m

Free Cash Flow

614.5 m589.9 m607.7 m80 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

82.8 m72 m62.1 m95.1 m112.5 m35.9 m27.8 m49 m44.9 m

Depreciation and Amortization

94.8 m143.5 m46.5 m93.9 m141.3 m47.7 m96.7 m145.2 m46.6 m

Cash From Operating Activities

97.2 m159.5 m96 m197.4 m247.3 m130.7 m205.4 m223.6 m136.2 m

Capital Expenditures

(97.6 m)(174.4 m)(47.7 m)(114.3 m)(166.8 m)(43.6 m)(109.3 m)(185.6 m)(58.2 m)

Cash From Investing Activities

(101.2 m)(176 m)(39.5 m)(89.3 m)(134.9 m)(18.6 m)70.1 m176.1 m(12.4 m)

Long-term Borrowings

(18.1 m)(25.2 m)(21.1 m)(29.4 m)(36.3 m)(10 m)(103.7 m)(221.3 m)(42.9 m)

Cash From Financing Activities

(52.7 m)(48.9 m)(85.8 m)(139.1 m)(134.2 m)(114.6 m)(284.5 m)(445.8 m)(154.4 m)

Interest Paid

30.8 m43.4 m13.4 m25.7 m39.4 m13.1 m23 m32.7 m8.3 m

Income Taxes Paid

29.9 m43.2 m5.6 m10.9 m18.4 m3.6 m15.1 m51.8 m4.9 m

Free Cash Flow

(373 k)(14.9 m)48.3 m83.2 m80.5 m87.2 m96.1 m38 m78 m
USDY, 2017

Revenue/Employee

11.8 k

Financial Leverage

11.5 x

Bloomin' Brands Market Value History

Traffic Overview of Bloomin' Brands

Bloomin' Brands News and Updates

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