Bloomin' Brands (BLMN) 10-Q 7 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - $ / shares	6 Months Ended
	Jun. 30, 2024	Aug. 02, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-35625
Entity Registrant Name	BLOOMIN’ BRANDS, INC.
Entity Incorporation, State	DE
Entity Tax Identification Number	20-8023465
Entity Address, Address Line One	2202 North West Shore Boulevard
Entity Address, Address Line Two	Suite 500
Entity Address City	Tampa
Entity Address State	FL
Entity Address Postal Zip Code	33607
City Area Code	813
Local Phone Number	282-1225
Title of 12(b) Security	Common Stock
Security Trading Currency	USD
Par Value Per Share	$ 0.01
Trading Symbol	BLMN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Reporting Company	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		84,969,654
Amendment Flag	false
Entity Central Index Key	0001546417
Current Fiscal Year End Date	--12-29
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 117,919	$ 111,519
Restricted cash and cash equivalents	0	2,854
Inventories	74,081	75,939
Other current assets, net	108,211	153,002
Total current assets	300,211	343,314
Property, fixtures and equipment, net	1,056,469	1,031,922
Operating lease right-of-use assets	1,074,261	1,084,951
Goodwill	272,404	276,317
Intangible assets, net	439,532	442,985
Deferred income tax assets, net	164,941	159,405
Other assets, net	86,350	85,187
Total assets	3,394,168	3,424,081
Current liabilities
Accounts payable	178,201	189,202
Current operating lease liabilities	169,397	175,442
Accrued and other current liabilities	210,657	255,814
Unearned revenue	309,015	381,877
Total current liabilities	867,270	1,002,335
Non-current operating lease liabilities	1,134,464	1,131,639
Long-term debt, net	1,001,982	780,719
Other long-term liabilities, net	100,759	97,385
Total liabilities	3,104,475	3,012,078
Commitments and contingencies
Bloomin’ Brands stockholders’ equity
Preferred stock, $0.01 par value, 25,000,000 shares authorized; no shares issued and outstanding as of June 30, 2024 and December 31, 2023	0	0
Common stock, $0.01 par value, 475,000,000 shares authorized; 85,776,033 and 86,968,536 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	858	870
Additional paid-in capital	1,309,482	1,115,387
Accumulated deficit	(834,926)	(528,831)
Accumulated other comprehensive loss	(188,606)	(178,304)
Total Bloomin’ Brands stockholders’ equity	286,808	409,122
Noncontrolling interests	2,885	2,881
Total stockholders’ equity	289,693	412,003
Total liabilities and stockholders’ equity	$ 3,394,168	$ 3,424,081

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in USD per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	25,000,000	25,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in USD per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	475,000,000	475,000,000
Common stock, issued (in shares)	85,776,033	86,968,536
Common stock, outstanding (in shares)	85,776,033	86,968,536

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 25, 2023	Jun. 30, 2024	Jun. 25, 2023
Revenues
Restaurant sales, franchise and other revenues	$ 1,118,866	$ 1,152,694	$ 2,314,193	$ 2,397,440
Costs and expenses
Food and beverage	336,063	351,226	693,892	735,440
Labor and other related	328,913	325,934	672,115	667,476
Other restaurant operating	280,821	273,338	571,093	556,265
Depreciation and amortization	49,525	47,565	98,807	93,867
General and administrative	61,152	63,358	127,928	129,162
Provision for impaired assets and restaurant closings	16,261	1,827	27,134	5,151
Total costs and expenses	1,072,735	1,063,248	2,190,969	2,187,361
Income from operations	46,131	89,446	123,224	210,079
Loss on extinguishment of debt	0	0	(135,797)	0
Interest expense, net	(14,802)	(12,961)	(28,418)	(25,405)
Income (loss) before provision for income taxes	31,329	76,485	(40,991)	184,674
Provision for income taxes	1,698	6,483	11,668	21,244
Net income (loss)	29,631	70,002	(52,659)	163,430
Less: net income attributable to noncontrolling interests	1,228	1,725	2,810	3,842
Net income (loss) attributable to Bloomin’ Brands	28,403	68,277	(55,469)	159,588
Other comprehensive income (loss):
Foreign currency translation adjustment	(9,858)	4,502	(11,789)	3,368
Net gain on derivatives, net of tax	330	0	1,487	0
Comprehensive income (loss)	20,103	74,504	(62,961)	166,798
Less: comprehensive income attributable to noncontrolling interests	1,228	1,725	2,810	3,842
Comprehensive income (loss) attributable to Bloomin’ Brands	$ 18,875	$ 72,779	$ (65,771)	$ 162,956
Earnings (loss) per share:
Basic (in USD per share)	$ 0.33	$ 0.77	$ (0.64)	$ 1.80
Diluted (in USD per share)	$ 0.32	$ 0.70	$ (0.64)	$ 1.63
Weighted average common shares outstanding:
Basic (in shares)	86,688	88,559	86,856	88,838
Diluted (in shares)	88,632	97,401	86,856	97,706
Restaurant sales
Revenues
Restaurant sales, franchise and other revenues	$ 1,103,565	$ 1,137,330	$ 2,283,052	$ 2,365,564
Franchise and other revenues
Revenues
Restaurant sales, franchise and other revenues	$ 15,301	$ 15,364	$ 31,141	$ 31,876

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands		Total	Common stock	Additional paid-in capital	Accumulated deficit	Accumulated other comprehensive loss	Non-controlling interests
Balance at beginning of period (in shares) at Dec. 25, 2022			87,696,000
Balance at beginning of period at Dec. 25, 2022		$ 273,909	$ 877	$ 1,161,912	$ (706,109)	$ (185,311)	$ 2,540
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		163,430			159,588		3,842
Other comprehensive income (loss), net of tax		3,368				3,368
Cash dividends declared, per common share		(42,004)		(42,004)
Repurchase and retirement of common stock (in shares)			(1,482,000)
Repurchase and retirement of common stock, including excise tax		(36,232)	$ (15)		(36,217)
Stock-based compensation		8,042		8,042
Common stock issued under stock plans (in shares)	[1]		1,125,000
Common stock issued under stock plans	[1]	4,793	$ 11	4,782
Distributions to noncontrolling interests		(4,640)					(4,640)
Contributions from noncontrolling interests		1,202					1,202
Balance at end of period (in shares) at Jun. 25, 2023			87,339,000
Balance at end of period at Jun. 25, 2023		371,868	$ 873	1,132,732	(582,738)	(181,943)	2,944
Balance at beginning of period (in shares) at Mar. 26, 2023			87,465,000
Balance at beginning of period at Mar. 26, 2023		322,841	$ 875	1,141,017	(635,451)	(186,445)	2,845
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		70,002			68,277		1,725
Other comprehensive income (loss), net of tax		4,502				4,502
Cash dividends declared, per common share		(20,990)		(20,990)
Repurchase and retirement of common stock (in shares)			(619,000)
Repurchase and retirement of common stock, including excise tax		(15,570)	$ (6)		(15,564)
Stock-based compensation		5,138		5,138
Common stock issued under stock plans (in shares)	[1]		493,000
Common stock issued under stock plans	[1]	7,571	$ 4	7,567
Distributions to noncontrolling interests		(2,085)					(2,085)
Contributions from noncontrolling interests		459					459
Balance at end of period (in shares) at Jun. 25, 2023			87,339,000
Balance at end of period at Jun. 25, 2023		$ 371,868	$ 873	1,132,732	(582,738)	(181,943)	2,944
Balance at beginning of period (in shares) at Dec. 31, 2023		86,968,536	86,969,000
Balance at beginning of period at Dec. 31, 2023		$ 412,003	$ 870	1,115,387	(528,831)	(178,304)	2,881
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared, per common share		(21,075)
Balance at end of period (in shares) at Mar. 31, 2024			87,811,000
Balance at end of period at Mar. 31, 2024		$ 305,435	$ 878	1,290,765	(809,880)	(179,078)	2,750
Balance at beginning of period (in shares) at Dec. 31, 2023		86,968,536	86,969,000
Balance at beginning of period at Dec. 31, 2023		$ 412,003	$ 870	1,115,387	(528,831)	(178,304)	2,881
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(52,659)			(55,469)		2,810
Other comprehensive income (loss), net of tax		(10,302)				(10,302)
Cash dividends declared, per common share		(41,837)		(41,837)
Repurchase and retirement of common stock (in shares)			(9,104,000)
Repurchase and retirement of common stock, including excise tax		(248,054)	$ (90)	(5,681)	(242,283)
Stock-based compensation		2,931		2,931
Common stock issued under stock plans (in shares)	[1]		711,000
Common stock issued under stock plans	[1]	(1,719)	$ 7	(1,726)
Distributions to noncontrolling interests		(3,474)					(3,474)
Contributions from noncontrolling interests		668					668
Issuance of common stock from repurchase of convertible senior notes (in shares)			7,489,000
Issuance of common stock from repurchase of convertible senior notes, value		216,152	$ 74	216,078
Adjustments to additional paid-in capital, retirement of convertible senior note hedges, shares			(289,000)
Retirement of convertible senior note hedges		118,197	$ (3)	126,543	(8,343)
Retirement of warrants		$ (102,213)		(102,213)
Balance at end of period (in shares) at Jun. 30, 2024		85,776,033	85,776,000
Balance at end of period at Jun. 30, 2024		$ 289,693	$ 858	1,309,482	(834,926)	(188,606)	2,885
Balance at beginning of period (in shares) at Mar. 31, 2024			87,811,000
Balance at beginning of period at Mar. 31, 2024		305,435	$ 878	1,290,765	(809,880)	(179,078)	2,750
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		29,631			28,403		1,228
Other comprehensive income (loss), net of tax		(9,528)				(9,528)
Cash dividends declared, per common share		(20,762)		(20,762)
Repurchase and retirement of common stock (in shares)			(2,156,000)
Repurchase and retirement of common stock, including excise tax		(15,151)	$ (21)	38,319	(53,449)
Stock-based compensation		483		483
Common stock issued under stock plans (in shares)	[1]		121,000
Common stock issued under stock plans	[1]	678	$ 1	677
Distributions to noncontrolling interests		(1,431)					(1,431)
Contributions from noncontrolling interests		$ 338					338
Balance at end of period (in shares) at Jun. 30, 2024		85,776,033	85,776,000
Balance at end of period at Jun. 30, 2024		$ 289,693	$ 858	$ 1,309,482	$ (834,926)	$ (188,606)	$ 2,885
[1] Net of shares withheld for employee taxes.

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 25, 2023	Jun. 30, 2024	Jun. 25, 2023
Cash dividends declared per common share (in USD per share)	$ 0.24	$ 0.24	$ 0.48	$ 0.48
Accumulated deficit
Excise tax on share repurchases	$ 151	$ 31	$ 151	$ 48

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 25, 2023
Cash flows provided by operating activities:
Net (loss) income	$ (52,659)	$ 163,430
Adjustments to reconcile Net (loss) income to cash provided by operating activities:
Depreciation and amortization	98,807	93,867
Amortization of debt discounts and issuance costs	1,353	1,532
Amortization of deferred gift card sales commissions	12,661	13,180
Provision for impaired assets and restaurant closings	27,134	5,151
Non-cash operating lease costs	43,566	42,884
Stock-based compensation expense	2,931	8,042
Deferred income tax benefit	(6,293)	(1,164)
Loss on extinguishment of debt	135,797	0
Other, net	(2,060)	(3,515)
Change in assets and liabilities	(145,045)	(36,114)
Net cash provided by operating activities	116,192	287,293
Cash flows used in investing activities:
Capital expenditures	(131,504)	(142,153)
Other investments, net	286	1,502
Net cash used in investing activities	(131,218)	(140,651)
Cash flows provided by (used in) financing activities:
Proceeds from borrowings on revolving credit facilities	860,000	448,000
Repayments of borrowings on revolving credit facilities	(556,000)	(513,000)
Repayments of finance lease obligations	(1,399)	(816)
Principal settlements and repurchase of convertible senior notes	(2,335)	(214)
Proceeds from retirement of convertible senior note hedges	118,197	0
Payments for retirement of warrants	(102,213)	0
(Payment of taxes) proceeds from share-based compensation, net	(1,719)	4,793
Distributions to noncontrolling interests	(3,474)	(4,640)
Contributions from noncontrolling interests	668	1,202
Purchase of noncontrolling interests	(100)	(100)
Repurchase of common stock	(247,500)	(36,435)
Cash dividends paid on common stock	(41,837)	(42,004)
Net cash provided by (used in) financing activities	22,288	(143,214)
Effect of exchange rate changes on cash and cash equivalents	(3,716)	631
Net increase in cash, cash equivalents and restricted cash	3,546	4,059
Cash, cash equivalents and restricted cash as of the beginning of the period	114,373	84,735
Cash, cash equivalents and restricted cash as of the end of the period	117,919	88,794
Supplemental disclosures of cash flow information:
Cash paid for interest	29,812	16,951
Cash paid for income taxes, net of refunds	14,913	15,356
Supplemental disclosures of non-cash investing and financing activities:
Leased assets obtained in exchange for new operating lease liabilities	47,846	30,249
Leased assets obtained in exchange for new finance lease liabilities	7	5,367
(Decrease) increase in liabilities from the acquisition of property, fixtures and equipment	(258)	7,522
Shares issued on settlement of convertible senior notes	216,152	0
Shares received and retired on exercise of call option under bond hedge upon settlement of convertible senior notes	$ (8,346)	$ 0

Description of the Business and

Description of the Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Business and Basis of Presentation	Description of the Business and Basis of Presentation Description of the Business - Bloomin’ Brands (“Bloomin’ Brands” or the “Company”) owns and operates casual, upscale casual and fine dining restaurants. OSI Restaurant Partners, LLC (“OSI”) is the Company’s primary operating entity. The Company’s restaurant portfolio has four concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. Additional Outback Steakhouse, Carrabba’s Italian Grill and Bonefish Grill restaurants in which the Company has no direct investment are operated under franchise agreements. Basis of Presentation - The accompanying interim unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles in the United States (“U.S. GAAP”) for complete financial statements. In the opinion of the Company, all adjustments necessary for fair financial statement presentation for the periods presented have been included and are of a normal, recurring nature. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. These financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Recently Issued Financial Accounting Standards Not Yet Adopted - In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” (“ASU No. 2023-07”) which requires disclosure of significant segment expenses regularly provided to the Company’s chief operating decision-maker (“CODM”). ASU No. 2023-07 also allows for multiple measures of segment profit (loss) if the CODM utilizes such measures to allocate resources or assess performance. ASU No. 2023-07 is effective for the Company beginning with the 2024 Form 10-K, with early adoption permitted. The Company is currently evaluating the impact ASU No. 2023-07 will have on its disclosures. In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” (“ASU No. 2023-09”) which expands existing income tax disclosures, including disaggregation of the Company’s effective income tax rate reconciliation table and income taxes paid disclosures. ASU No. 2023-09 is effective for the Company beginning with the 2025 Form 10-K, with early adoption permitted. The Company is currently evaluating the impact ASU No. 2023-09 will have on its disclosures. In March 2024, the SEC adopted the final rule under SEC Release No. 33-11275, “The Enhancement and Standardization of Climate-Related Disclosures for Investors,” which requires registrants to include climate-related disclosures in their annual reports, including, but not limited to, material Scope 1 and Scope 2 greenhouse gas emissions, climate-related financial metrics, and governance, oversight and risk management processes for material climate-related risks in their audited financial statements. The final rule also requires certain disclosures regarding expenses incurred in relation to severe weather events and other natural conditions. The disclosure requirements are first effective for the Company beginning with the 2026 Form 10-K. In April 2024, the SEC voluntarily stayed the final rule due to pending legal challenges. The Company is currently evaluating the impact this rule will have on its disclosures. Recent accounting guidance not discussed herein is not applicable, did not have or is not expected to have a material impact to the Company.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2024
Revenue Recognition and Deferred Revenue [Abstract]
Revenue Recognition	Revenue Recognition The following tables include the disaggregation of Restaurant sales and franchise revenues by restaurant concept and major international market for the periods indicated: THIRTEEN WEEKS ENDED JUNE 30, 2024 JUNE 25, 2023 (dollars in thousands) RESTAURANT SALES FRANCHISE REVENUES RESTAURANT SALES FRANCHISE REVENUES U.S. Outback Steakhouse $ 562,904 $ 8,076 $ 576,989 $ 8,219 Carrabba’s Italian Grill 174,576 752 176,666 758 Bonefish Grill 134,279 128 143,458 95 Fleming’s Prime Steakhouse & Wine Bar 88,390 — 92,851 — Other 1,939 18 3,474 10 U.S. total 962,088 8,974 993,438 9,082 International Outback Steakhouse - Brazil (1) 118,357 — 119,295 — Other (1)(2) 23,120 3,142 24,597 3,486 International total 141,477 3,142 143,892 3,486 Total $ 1,103,565 $ 12,116 $ 1,137,330 $ 12,568 TWENTY-SIX WEEKS ENDED JUNE 30, 2024 JUNE 25, 2023 (dollars in thousands) RESTAURANT SALES FRANCHISE REVENUES RESTAURANT SALES FRANCHISE REVENUES U.S. Outback Steakhouse $ 1,166,517 $ 16,396 $ 1,205,172 $ 16,763 Carrabba’s Italian Grill 359,005 1,488 364,708 1,553 Bonefish Grill 278,782 288 301,147 266 Fleming’s Prime Steakhouse & Wine Bar 184,552 — 195,624 — Other 4,128 56 7,356 25 U.S. total 1,992,984 18,228 2,074,007 18,607 International Outback Steakhouse - Brazil (1) 243,194 — 241,311 — Other (1)(2) 46,874 6,698 50,246 7,484 International total 290,068 6,698 291,557 7,484 Total $ 2,283,052 $ 24,926 $ 2,365,564 $ 26,091 ________________ (1) Includes $9.6 million and $19.2 million of Restaurant sales during the thirteen and twenty-six weeks ended June 25, 2023, respectively, in connection with value added tax exemptions resulting from Brazil tax legislation. See Note 15 - Income Taxes for details regarding the Brazil tax legislation. (2) Includes Restaurant sales for Company-owned Outback Steakhouse restaurants outside of Brazil and Abbraccio restaurants in Brazil. Franchise revenues primarily include revenues from franchised Outback Steakhouse restaurants. The following table includes a detail of assets and liabilities from contracts with customers included on the Company’s Consolidated Balance Sheets as of the periods indicated: (dollars in thousands) JUNE 30, 2024 DECEMBER 31, 2023 Other current assets, net Deferred gift card sales commissions $ 12,650 $ 18,081 Unearned revenue Deferred gift card revenue $ 300,590 $ 374,274 Deferred loyalty revenue 6,461 5,664 Deferred franchise fees - current 460 473 Other 1,504 1,466 Total Unearned revenue $ 309,015 $ 381,877 Other long-term liabilities, net Deferred franchise fees - non-current $ 3,896 $ 4,036 The following table is a rollforward of deferred gift card sales commissions for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Balance, beginning of the period $ 13,520 $ 13,403 $ 18,081 $ 17,755 Deferred gift card sales commissions amortization (5,163) (5,383) (12,661) (13,180) Deferred gift card sales commissions capitalization 4,942 5,340 8,856 9,743 Other (649) (666) (1,626) (1,624) Balance, end of the period $ 12,650 $ 12,694 $ 12,650 $ 12,694 The following table is a rollforward of unearned gift card revenue for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Balance, beginning of the period $ 312,283 $ 314,096 $ 374,274 $ 386,495 Gift card sales 59,336 65,338 105,945 118,343 Gift card redemptions (66,854) (70,175) (169,324) (188,458) Gift card breakage (4,175) (4,317) (10,305) (11,438) Balance, end of the period $ 300,590 $ 304,942 $ 300,590 $ 304,942

Impairments and Exit Costs

Impairments and Exit Costs	6 Months Ended
	Jun. 30, 2024
Impairments, Exit Costs and Disposals [Abstract]
Impairments and Exit Costs	Impairments and Exit Costs The components of Provision for impaired assets and restaurant closings are as follows for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 30, 2024 Impairment losses U.S. (1) $ — $ 1,852 International (2) 14,048 14,048 Total impairment losses $ 14,048 $ 15,900 Restaurant closure charges U.S. (1) $ 2,135 $ 11,219 International (2) 78 15 Total restaurant closure charges 2,213 11,234 Provision for impaired assets and restaurant closings $ 16,261 $ 27,134 ________________ (1) Primarily includes charges in connection with the 2023 Restaurant Closures, as discussed below. (2) Primarily includes charges in connection with the Q2 2024 decision to close nine restaurants in Hong Kong. 2023 Restaurant Closures - During the fourth quarter of 2023, the Company closed three U.S. and two international Aussie Grill restaurants and made the decision to close 36 predominantly older, underperforming U.S. restaurants (the “2023 Restaurant Closures”). Following is a summary of expenses recognized in the Consolidated Statements of Operations and Comprehensive Income (Loss) for the period indicated (dollars in thousands): DESCRIPTION CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) CLASSIFICATION TWENTY-SIX WEEKS ENDED JUNE 30, 2024 Asset impairments and closure charges Provision for impaired assets and restaurant closings $ 11,714 Severance and other expenses General and administrative 2,974 Closure-related labor costs Labor and other related 434 Total (1) $ 15,122 ________________ (1) During the fourth quarter of 2023, the Company recognized $32.4 million of net charges in connection with the 2023 Restaurant Closures.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share The following table presents the computation of basic and diluted earnings (loss) per share for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (in thousands, except per share data) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Net income (loss) attributable to Bloomin’ Brands $ 28,403 $ 68,277 $ (55,469) $ 159,588 Basic weighted average common shares outstanding 86,688 88,559 86,856 88,838 Effect of dilutive securities: Stock options 204 395 — 398 Nonvested restricted stock units 86 132 — 201 Nonvested performance-based share units — — — 143 Convertible senior notes (1) 1,005 5,002 — 4,917 Warrants (1) 649 3,313 — 3,209 Diluted weighted average common shares outstanding 88,632 97,401 86,856 97,706 Basic earnings (loss) per share $ 0.33 $ 0.77 $ (0.64) $ 1.80 Diluted earnings (loss) per share $ 0.32 $ 0.70 $ (0.64) $ 1.63 ________________ (1) During the twenty-six weeks ended June 30, 2024, the Company repurchased $83.6 million of the convertible notes due in 2025 and settled the corresponding portion of the related note hedges and warrants (the “2025 Notes Partial Repurchase”). Share-based compensation-related weighted average securities outstanding not included in the computation of earnings (loss) per share because their effect was antidilutive were as follows for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (shares in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Stock options 324 689 451 707 Nonvested restricted stock units 55 21 199 70 Nonvested performance-based share units 619 581 543 463

Stock-based Compensation Plans

Stock-based Compensation Plans	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation Plans	Stock-based Compensation Plans The Company recognized stock-based compensation expense as follows for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Performance-based share units (1) $ (1,556) $ 2,297 $ (1,063) $ 3,220 Restricted stock units 2,021 1,985 3,958 3,948 Stock options — 835 — 835 Total stock-based compensation expense, net of capitalized expense $ 465 $ 5,117 $ 2,895 $ 8,003 ________________ (1) The thirteen and twenty-six weeks ended June 30, 2024 include a cumulative life-to-date adjustment to decrease expense for PSUs granted in fiscal year 2023 based on updated assumptions regarding the criteria set forth in the award agreements. The following table presents a summary of the Company’s performance-based share units (“PSUs”) activity: (in thousands, except per unit data) PERFORMANCE-BASED SHARE UNITS WEIGHTED AVERAGE GRANT DATE FAIR VALUE PER UNIT AGGREGATE Outstanding as of December 31, 2023 818 $ 26.92 $ 23,026 Granted 290 $ 27.26 Performance adjustment (2) 237 $ 25.40 Vested (473) $ 25.40 Forfeited (86) $ 27.57 Outstanding as of June 30, 2024 786 $ 27.43 $ 15,107 Expected to vest as of June 30, 2024 (3) 288 $ 5,543 ________________ (1) Based on the $28.15 and $19.23 share price of the Company’s common stock on December 29, 2023 and June 28, 2024, the last trading day of the year ended December 31, 2023 and twenty-six weeks ended June 30, 2024, respectively. (2) Represents adjustment to 200% payout for PSUs granted during 2021. (3) Estimated number of units to be issued upon the vesting of outstanding PSUs based on Company performance projections of performance criteria set forth in the 2022, 2023 and 2024 PSU award agreements. Assumptions used in the Monte Carlo simulation model and the grant date fair value of PSUs granted were as follows for the periods indicated: TWENTY-SIX WEEKS ENDED JUNE 30, 2024 JUNE 25, 2023 Assumptions: Risk-free interest rate (1) 4.37 % 4.26 % Dividend yield (2) 3.49 % 3.47 % Volatility (3) 51.41 % 51.02 % Grant date fair value per unit (4) $ 27.26 $ 29.01 ________________ (1) Risk-free interest rate is the U.S. Treasury yield curve in effect as of the grant date for the performance period of the unit. (2) Dividend yield is the level of dividends expected to be paid on the Company’s common stock over the expected term. (3) Based on the historical volatility of the Company’s stock over the last seven years. (4) Represents a discount below and a premium above the grant date per share value of the Company’s common stock for the relative total shareholder return modifier of (1.6)% and 2.7% during the twenty-six weeks ended June 30, 2024 and June 25, 2023, respectively. The following represents unrecognized stock-based compensation expense and the remaining weighted average recognition period as of June 30, 2024: UNRECOGNIZED COMPENSATION EXPENSE REMAINING WEIGHTED AVERAGE RECOGNITION PERIOD (in years) Performance-based share units $ 6,976 2.7 Restricted stock units $ 12,302 2.1

Other Current Assets, Net

Other Current Assets, Net	6 Months Ended
	Jun. 30, 2024
Other Current Assets, Net [Abstract]
Other Current Assets, Net	Other Current Assets, Net Other current assets, net, consisted of the following as of the periods indicated: (dollars in thousands) JUNE 30, 2024 DECEMBER 31, 2023 Prepaid expenses $ 32,186 $ 26,674 Accounts receivable - gift cards, net 13,861 67,424 Accounts receivable - vendors, net 19,298 13,648 Accounts receivable - franchisees, net 3,321 3,671 Accounts receivable - other, net 19,344 18,100 Deferred gift card sales commissions 12,650 18,081 Other current assets, net 7,551 5,404 $ 108,211 $ 153,002

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net Annual Goodwill and Intangible Assets Impairment Assessment - The Company performs its annual assessment for impairment of goodwill and other indefinite-lived intangible assets during its second fiscal quarter. The Company’s 2024 assessment was qualitative and the 2023 assessment was quantitative. In connection with these assessments, the Company did not record any impairment charges.

Accrued and Other Current Liabi

Accrued and Other Current Liabilities	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Accrued and Other Current Liabilities	Accrued and Other Current Liabilities Accrued and other current liabilities consisted of the following as of the periods indicated: (dollars in thousands) JUNE 30, 2024 DECEMBER 31, 2023 Accrued payroll and other compensation $ 78,729 $ 98,903 Accrued insurance 17,434 19,310 Other current liabilities 114,494 137,601 $ 210,657 $ 255,814

Long-term Debt, Net

Long-term Debt, Net	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Long-term Debt, Net	Long-term Debt, Net Following is a summary of outstanding Long-term debt, net, as of the periods indicated: JUNE 30, 2024 DECEMBER 31, 2023 (dollars in thousands) OUTSTANDING BALANCE INTEREST RATE OUTSTANDING BALANCE INTEREST RATE Senior secured credit facility - revolving credit facility (1) $ 685,000 6.96 % $ 381,000 6.96 % 2025 Notes (2) 20,724 5.00 % 104,786 5.00 % 2029 Notes 300,000 5.13 % 300,000 5.13 % Less: unamortized debt discount and issuance costs (2) (3,742) (5,067) Long-term debt, net $ 1,001,982 $ 780,719 ________________ (1) Interest rate represents the weighted average interest rate as of the respective periods. (2) During the twenty-six weeks ended June 30, 2024, the Company repurchased $83.6 million of the 2025 Notes and as a result, wrote off $0.8 million of debt issuance costs. See Note 10 - Convertible Senior Notes for additional details. Debt Covenants - As of June 30, 2024 and December 31, 2023, the Company was in compliance with its debt covenants.

Convertible Senior Notes

Convertible Senior Notes	6 Months Ended
	Jun. 30, 2024
Convertible Notes [Abstract]
Convertible Senior Notes	Convertible Senior Notes 2025 Notes - On February 29, 2024, the Company entered into exchange agreements (the “Exchange Agreements”) with certain holders (the “Noteholders”) of its 5.00% Convertible Senior Notes due 2025 (the “2025 Notes”). The Exchange Agreements provided for the Company to deliver and pay at the closing of the transactions on March 5, 2024, an aggregate of approximately 7.5 million shares of its common stock and $3.3 million in cash, including accrued interest, in exchange for $83.6 million in aggregate principal amount of the Company’s outstanding 2025 Notes (the “2025 Notes Partial Repurchase”). In connection with the 2025 Notes Partial Repurchase, the Company recognized a loss on extinguishment of debt of $135.8 million and recorded a $216.1 million increase to Additional paid-in capital during the twenty-six weeks ended June 30, 2024. In connection with dividends paid during the twenty-six weeks ended June 30, 2024, the conversion rate for the Company’s remaining 2025 Notes decreased to approximately $10.94 per share, which represents 91.403 shares of common stock per $1,000 principal amount of the 2025 Notes, or a total of approximately 1.894 million shares. The following table includes the outstanding principal amount and carrying value of the 2025 Notes as of the periods indicated: (dollars in thousands) JUNE 30, 2024 DECEMBER 31, 2023 Principal $ 20,724 $ 104,786 Less: unamortized debt issuance costs (1) (138) (1,138) Net carrying amount $ 20,586 $ 103,648 ________________ (1) During the twenty-six weeks ended June 30, 2024, the Company wrote off $0.8 million of debt issuance costs as a result of the 2025 Notes Partial Repurchase. Following is a summary of interest expense for the 2025 Notes by component for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Coupon interest $ 259 $ 1,310 $ 1,265 $ 2,622 Debt issuance cost amortization 40 198 198 394 Total interest expense (1) $ 299 $ 1,508 $ 1,463 $ 3,016 ________________ (1) The effective rate of the 2025 Notes over their expected life is 5.85%. The decrease in interest expense during the thirteen and twenty-six weeks ended June 30, 2024 relates to the 2025 Notes Partial Repurchase in February 2024. Based on the daily closing prices of the Company’s stock during the quarter ended June 30, 2024, the remaining holders of the 2025 Notes are eligible to convert their notes during the third quarter of 2024. Convertible Note Hedge and Warrant Transactions - In connection with the 2025 Notes Partial Repurchase, on February 29, 2024, the Company entered into partial unwind agreements with certain financial institutions (the “Derivative Counterparties”) relating to a portion of the convertible note hedge transactions (the “Note Hedge Early Termination Agreements”) and a portion of the warrant transactions (the “Warrant Early Termination Agreements” and together with the Note Hedge Early Termination Agreements, the “Early Termination Agreements”) that were previously entered into by the Company in connection with the issuance of the 2025 Notes. Pursuant to the Early Termination Agreements, the Derivative Counterparties made a termination payment to the Company which consisted of approximately $118.2 million in cash and 0.3 million shares of common stock, and the Company made a termination payment to the Derivative Counterparties in an aggregate amount of approximately $102.2 million in cash. In connection with the Note Hedge Early Termination Agreements and the Warrant Early Termination Agreements, the Company recorded a $126.5 million increase and a $102.2 million decrease, respectively, to Additional paid-in capital during the twenty-six weeks ended June 30, 2024. The Company also recorded an $8.3 million increase to Accumulated deficit in connection with the Note Hedge Early Termination Agreements. The remaining warrants have a dilutive effect on the Company’s common stock to the extent that the price of its common stock exceeds the strike price of the warrants. In connection with dividends paid during twenty-six weeks ended June 30, 2024, the strike price for the remaining warrants decreased to $15.32.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2024
Equity, Attributable to Parent [Abstract]
Stockholders' Equity	Stockholders’ Equity Share Repurchases - In February 2024, the Company’s Board of Directors (the “Board”) canceled the remaining $57.5 million under the Company’s former share repurchase authorization and approved a new $350.0 million share repurchase authorization (the “2024 Share Repurchase Program”). The 2024 Share Repurchase Program includes capacity above the Company’s normal repurchase activity to provide flexibility in retiring the 2025 Notes at or prior to their May 2025 maturity. The 2024 Share Repurchase Program will expire on August 13, 2025. On March 1, 2024, the Company entered into an accelerated share repurchase agreement (the “ASR Agreement”), in connection with the 2024 Share Repurchase Program, with Wells Fargo Bank, National Association (“Wells Fargo”) to repurchase $220.0 million of the Company’s common stock. Under the ASR Agreement, the Company made an aggregate payment of $220.0 million to Wells Fargo and received an aggregate initial delivery of approximately 6.5 million shares of common stock on March 4, 2024, representing approximately 80% of the total shares that were estimated to be repurchased under the ASR Agreement based on the price per share of common stock as of that date. The $176.0 million fair value of the initial shares received was recorded as a reduction to Accumulated deficit and the par value from Common stock, with the remaining $44.0 million recorded within Additional paid-in capital during the thirteen weeks ended March 31, 2024. The exact number of shares the Company repurchased under the ASR Agreement was based generally on the average of the daily volume-weighted average price per share of common stock during the repurchase period, less a discount and subject to adjustments pursuant to the terms and conditions of the ASR Agreement. On April 23, 2024, the Company received 1.4 million additional shares of common stock from Wells Fargo in connection with the final settlement of the ASR Agreement. In connection with the settlement, the Company reduced Accumulated deficit and the par value from Common stock by an aggregate of $38.3 million based on the fair value of the shares delivered on the date of settlement, with an offset of $38.3 million within Additional paid-in capital during the thirteen weeks ended June 30, 2024. The Company funded the payment under the ASR Agreement, together with the cash portion of the amounts payable under the Exchange Agreements, primarily with borrowings under the revolving credit facility and net proceeds from the Early Termination Agreements. As of June 30, 2024, $115.0 million remained available for repurchase under the 2024 Share Repurchase Program. Following is a summary of the shares repurchased during fiscal year 2024: (in thousands, except per share data) NUMBER OF SHARES AVERAGE REPURCHASE PRICE PER SHARE AMOUNT First fiscal quarter 6,948 $ 27.13 $ 188,500 Second fiscal quarter (1) 2,156 $ 27.36 59,000 Total common stock repurchases (2) 9,104 $ 27.18 $ 247,500 ________________ (1) Includes $44.0 million of share repurchases in connection with the ASR Agreement that settled during the thirteen weeks ended June 30, 2024. (2) Excludes $0.4 million of fees recorded in Accumulated deficit related to repurchases under the ASR Agreement. Subsequent to June 30, 2024, the Company repurchased 823 thousand shares of its common stock for $15.6 million under the 2024 Share Repurchase Program through August 2, 2024 under a Rule 10b5-1 plan. Dividends - The Company declared and paid dividends per share during fiscal year 2024 as follows: (dollars in thousands, except per share data) DIVIDENDS PER SHARE AMOUNT First fiscal quarter $ 0.24 $ 21,075 Second fiscal quarter 0.24 20,762 Total cash dividends declared and paid $ 0.48 $ 41,837 In July 2024, the Board declared a quarterly cash dividend of $0.24 per share, payable on September 4, 2024 to shareholders of record at the close of business on August 20, 2024. Accumulated Other Comprehensive Loss (“AOCL”) - Following are the components of AOCL as of the periods indicated: (dollars in thousands) JUNE 30, 2024 DECEMBER 31, 2023 Foreign currency translation adjustment $ (189,478) $ (177,689) Unrealized gain (loss) on derivatives, net of tax 872 (615) Accumulated other comprehensive loss $ (188,606) $ (178,304) Following are the components of Other comprehensive (loss) income attributable to Bloomin’ Brands for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Foreign currency translation adjustment $ (9,858) $ 4,502 $ (11,789) $ 3,368 Change in fair value of derivatives, net of tax 898 — 2,333 — Reclassification realized in Net income (loss), net of tax (568) — (846) — Gain on derivatives, net of tax 330 — 1,487 — Other comprehensive (loss) income attributable to Bloomin’ Brands $ (9,528) $ 4,502 $ (10,302) $ 3,368

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Cash Flow Hedges of Interest Rate Risk - In March 2024 and December 2023, OSI entered into 11 interest rate swap agreements with ten counterparties (the “Swap Transactions”) to manage its exposure to fluctuations in variable interest rates. The Swap Transactions have an aggregate notional amount of $375.0 million and include one NOTIONAL AMOUNT WEIGHTED AVERAGE FIXED INTEREST RATE (1) EFFECTIVE DATE TERMINATION DATE $ 100,000,000 4.92% December 29, 2023 December 31, 2024 100,000,000 4.34% December 29, 2023 December 31, 2025 175,000,000 4.40% March 29, 2024 March 31, 2026 $ 375,000,000 4.52% ____________________ (1) The weighted average fixed interest rate excludes the term SOFR adjustment and interest rate spread described below. In connection with the Swap Transactions, the Company effectively converted $375.0 million of its outstanding indebtedness from the Secured Overnight Financing Rate (“SOFR”), plus a term SOFR adjustment of 0.10% and a spread of 150 to 250 basis points, to the weighted average fixed interest rates within the table above, plus a term SOFR adjustment of 0.10% and a spread of 150 to 250 basis points. The Swap Transactions have an embedded floor of minus 0.10%. The Swap Transactions have been designated and qualify as cash flow hedges, are recognized on the Company’s Consolidated Balance Sheets at fair value and are classified based on the instruments’ maturity dates. The Company estimates $1.6 million of interest income will be reclassified to Interest expense, net over the next 12 months related to the Company’s Swap Transactions. The following table presents the fair value and classification of the Company’s swap agreements as of the periods indicated: (dollars in thousands) JUNE 30, 2024 DECEMBER 31, 2023 CONSOLIDATED BALANCE SHEET CLASSIFICATION Interest rate swaps - asset (1) $ 1,591 $ 320 Other current assets, net Interest rate swaps - liability $ — $ 253 Accrued and other current liabilities Interest rate swaps - liability 420 893 Other long-term liabilities, net Total fair value of derivative instruments - liabilities (1) $ 420 $ 1,146 ____________________ (1) See Note 14 - Fair Value Measurements for fair value discussion of the interest rate swaps. By utilizing the interest rate swaps, the Company is exposed to credit-related losses in the event that the counterparty fails to perform under the terms of the derivative contract. To mitigate this risk, the Company enters into derivative contracts with major financial institutions based upon credit ratings and other factors. The Company continually assesses the creditworthiness of its counterparties. As of June 30, 2024, all counterparties to the Swap Transactions performed in accordance with their contractual obligations. The Swap Transactions contain provisions whereby the Company could be declared in default on its derivative obligations if the repayment of the underlying indebtedness is accelerated by the lender due to the Company’s default on indebtedness. As of December 31, 2023, the fair value of the Swap Transactions was in a net liability position, including accrued interest but excluding any adjustment for nonperformance risk, of $0.8 million. As of December 31, 2023, the Company has not posted any collateral related to the Swap Transactions. If the Company had breached any of these provisions as of December 31, 2023, it could have been required to settle its obligations under the Swap Transactions at their termination value of $0.8 million.

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	Leases The following table includes a detail of lease assets and liabilities included on the Company’s Consolidated Balance Sheets as of the periods indicated: (dollars in thousands) CONSOLIDATED BALANCE SHEET CLASSIFICATION JUNE 30, 2024 DECEMBER 31, 2023 Operating lease right-of-use assets Operating lease right-of-use assets $ 1,074,261 $ 1,084,951 Finance lease right-of-use assets (1) Property, fixtures and equipment, net 8,338 9,941 Total lease assets, net $ 1,082,599 $ 1,094,892 Current operating lease liabilities Current operating lease liabilities $ 169,397 $ 175,442 Current finance lease liabilities Accrued and other current liabilities 2,437 3,197 Non-current operating lease liabilities Non-current operating lease liabilities 1,134,464 1,131,639 Non-current finance lease liabilities Other long-term liabilities, net 6,725 7,414 Total lease liabilities $ 1,313,023 $ 1,317,692 ________________ (1) Net of accumulated amortization of $6.1 million and $4.7 million as of June 30, 2024 and December 31, 2023, respectively. Following is a summary of expenses and income related to leases recognized in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for the periods indicated: CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) CLASSIFICATION THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Operating lease cost (1) Other restaurant operating $ 45,131 $ 46,237 $ 90,935 $ 91,984 Variable lease cost Other restaurant operating 2,222 1,629 4,782 3,353 Finance lease costs: Amortization of leased assets Depreciation and amortization 779 549 1,567 1,037 Interest on lease liabilities Interest expense, net 188 174 390 310 Sublease revenue Franchise and other revenues (1,845) (1,635) (3,593) (3,343) Lease costs, net $ 46,475 $ 46,954 $ 94,081 $ 93,341 ________________ (1) Excludes rent expense for office facilities and Company-owned closed or subleased properties of $3.7 million and $3.0 million for the thirteen weeks ended June 30, 2024 and June 25, 2023, respectively, and $7.2 million and $6.0 million for the twenty-six weeks ended June 30, 2024 and June 25, 2023, respectively, which is included in General and administrative expense. The following table is a summary of cash flow impacts to the Company’s Consolidated Financial Statements related to its leases for the periods indicated: TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 Cash flows from operating activities: Cash paid for amounts included in the measurement of operating lease liabilities $ 99,566 $ 97,804
Leases	Leases The following table includes a detail of lease assets and liabilities included on the Company’s Consolidated Balance Sheets as of the periods indicated: (dollars in thousands) CONSOLIDATED BALANCE SHEET CLASSIFICATION JUNE 30, 2024 DECEMBER 31, 2023 Operating lease right-of-use assets Operating lease right-of-use assets $ 1,074,261 $ 1,084,951 Finance lease right-of-use assets (1) Property, fixtures and equipment, net 8,338 9,941 Total lease assets, net $ 1,082,599 $ 1,094,892 Current operating lease liabilities Current operating lease liabilities $ 169,397 $ 175,442 Current finance lease liabilities Accrued and other current liabilities 2,437 3,197 Non-current operating lease liabilities Non-current operating lease liabilities 1,134,464 1,131,639 Non-current finance lease liabilities Other long-term liabilities, net 6,725 7,414 Total lease liabilities $ 1,313,023 $ 1,317,692 ________________ (1) Net of accumulated amortization of $6.1 million and $4.7 million as of June 30, 2024 and December 31, 2023, respectively. Following is a summary of expenses and income related to leases recognized in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for the periods indicated: CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) CLASSIFICATION THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Operating lease cost (1) Other restaurant operating $ 45,131 $ 46,237 $ 90,935 $ 91,984 Variable lease cost Other restaurant operating 2,222 1,629 4,782 3,353 Finance lease costs: Amortization of leased assets Depreciation and amortization 779 549 1,567 1,037 Interest on lease liabilities Interest expense, net 188 174 390 310 Sublease revenue Franchise and other revenues (1,845) (1,635) (3,593) (3,343) Lease costs, net $ 46,475 $ 46,954 $ 94,081 $ 93,341 ________________ (1) Excludes rent expense for office facilities and Company-owned closed or subleased properties of $3.7 million and $3.0 million for the thirteen weeks ended June 30, 2024 and June 25, 2023, respectively, and $7.2 million and $6.0 million for the twenty-six weeks ended June 30, 2024 and June 25, 2023, respectively, which is included in General and administrative expense. The following table is a summary of cash flow impacts to the Company’s Consolidated Financial Statements related to its leases for the periods indicated: TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 Cash flows from operating activities: Cash paid for amounts included in the measurement of operating lease liabilities $ 99,566 $ 97,804

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is the price that would be received for an asset or paid to transfer a liability, or the exit price, in an orderly transaction between market participants on the measurement date. Fair value is categorized into one of the following three levels based on the lowest level of significant input: Level 1 Unadjusted quoted market prices in active markets for identical assets or liabilities Level 2 Observable inputs available at measurement date other than quoted prices included in Level 1 Level 3 Unobservable inputs that cannot be corroborated by observable market data Fair Value Measurements on a Recurring Basis - The following table summarizes the Company’s financial assets and liabilities measured at fair value by hierarchy level on a recurring basis as of the periods indicated: JUNE 30, 2024 DECEMBER 31, 2023 (dollars in thousands) TOTAL LEVEL 1 LEVEL 2 TOTAL LEVEL 1 LEVEL 2 Assets: Cash equivalents: Fixed income funds $ 22,305 $ 22,305 $ — $ 12,837 $ 12,837 $ — Money market funds 15,992 15,992 — 11,083 11,083 — Restricted cash equivalents: Money market funds — — — 2,854 2,854 — Other current assets, net: Derivative instruments - interest rate swaps 1,591 — 1,591 320 — 320 Total asset recurring fair value measurements $ 39,888 $ 38,297 $ 1,591 $ 27,094 $ 26,774 $ 320 Liabilities: Accrued and other current liabilities: Derivative instruments - interest rate swaps $ — $ — $ — $ 253 $ — $ 253 Other long-term liabilities: Derivative instruments - interest rate swaps 420 — 420 893 — 893 Total liability recurring fair value measurements $ 420 $ — $ 420 $ 1,146 $ — $ 1,146 Fair value of each class of financial instruments is determined based on the following: FINANCIAL INSTRUMENT METHODS AND ASSUMPTIONS Fixed income funds and Money market funds Carrying value approximates fair value because maturities are less than three months. Derivative instruments The Company’s derivative instruments include interest rate swaps. Fair value measurements are based on the contractual terms of the derivatives and observable market-based inputs. The interest rate swaps are valued using a discounted cash flow analysis on the expected cash flows of each derivative using observable inputs including interest rate curves and credit spreads. The Company also considers its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. As of June 30, 2024 and December 31, 2023, the Company determined that the credit valuation adjustments were not significant to the overall valuation of its derivatives. Interim Disclosures about Fair Value of Financial Instruments - The Company’s non-derivative financial instruments consist of cash equivalents, accounts receivable, accounts payable and long-term debt. The fair values of cash equivalents, accounts receivable and accounts payable approximate their carrying amounts reported on its Consolidated Balance Sheets due to their short duration. Debt is carried at amortized cost; however, the Company estimates the fair value of debt for disclosure purposes. The following table includes the carrying value and fair value of the Company’s debt by hierarchy level as of the periods indicated: JUNE 30, 2024 DECEMBER 31, 2023 (dollars in thousands) CARRYING VALUE FAIR VALUE LEVEL 2 CARRYING VALUE FAIR VALUE LEVEL 2 Senior secured credit facility - revolving credit facility $ 685,000 $ 685,000 $ 381,000 $ 381,000 2025 Notes $ 20,724 $ 35,958 $ 104,786 $ 265,896 2029 Notes $ 300,000 $ 270,342 $ 300,000 $ 277,809

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Income (loss) before provision for income taxes $ 31,329 $ 76,485 $ (40,991) $ 184,674 Provision for income taxes $ 1,698 $ 6,483 $ 11,668 $ 21,244 Effective income tax rate 5.4 % 8.5 % (28.5) % 11.5 % The effective income tax rate for the thirteen weeks ended June 30, 2024 decreased by 3.1 percentage points as compared to the thirteen weeks ended June 25, 2023 as a result of lower forecasted annual pre-tax book income for the thirteen weeks ended June 30, 2024 relative to the prior quarter in 2024. The effective income tax rate for the twenty-six weeks ended June 30, 2024 includes the impact of nondeductible losses associated with the 2025 Notes Partial Repurchase which, relative to a pre-tax book loss during the period, resulted in a negative effective income tax rate. On January 24, 2024, the Company’s Brazilian subsidiary received an unfavorable second level court ruling related to its ongoing litigation regarding its eligibility for tax exemptions under the Brazil tax legislation. This legislation temporarily granted certain industries a 100% exemption from income tax (IRPJ and CSLL) and federal value added taxes (PIS and COFINS). The Company claimed this benefit for the periods between September 2022 and December 2023. The Company is appealing this ruling and in connection with the appeal made a cash judicial deposit of $42.9 million in July 2024 which was recorded in Other assets, net, on the Company’s Consolidated Balance Sheet. The Company believes that it will more likely than not prevail in this appeal and, accordingly, has not recorded any expense or liability for the disputed amounts. During the second quarter of 2024, Brazil enacted new tax legislation that temporarily grants certain industries a 100% exemption from income tax (IRPJ and CSLL) for the periods between May 23, 2024 and December 2024 and 100% exemption from federal value added taxes (PIS and COFINS) for the periods between May 23, 2024 and December 2026. The Company applied for this exemption and was approved by the Brazilian tax authorities. The Company’s estimated annual effective income tax rate for the thirteen and twenty-six weeks ended June 30, 2024 includes the benefit expected from this legislation. The new Brazil tax legislation also established a country-wide limitation to the total benefits that will be granted under this law. The exemption from value added taxes could end before December 2026 due to this country-wide limitation. In the U.S., a restaurant company employer may claim a credit against its federal income taxes for FICA taxes paid on certain tipped wages (the “FICA tax credit”). The level of FICA tax credits is primarily driven by U.S. Restaurant sales and is not impacted by costs incurred that may reduce Income before provision for income taxes. The effective income tax rate for the thirteen weeks ended June 30, 2024 was lower than the Company’s blended federal and state statutory rate of approximately 26% primarily due to the benefit of FICA tax credits on certain tipped wages and the temporary reduction in the Brazilian income tax rate from 34% to 0% under the new Brazil tax legislation. The effective income tax rate for the twenty-six weeks ended June 30, 2024 was lower than the Company’s blended federal and state statutory rate of approximately 26% primarily due to the impact of nondeductible losses associated with the 2025 Notes Partial Repurchase which, relative to a pre-tax book loss during the period, resulted in a negative effective income tax rate. The effective income tax rates for the thirteen and twenty-six weeks ended June 25, 2023 were lower than the Company’s blended federal and state statutory rate of approximately 26% primarily due to the benefit of FICA tax credits on certain tipped wages, benefits of Brazil tax legislation that include a temporary reduction in the Brazilian income tax rate from 34% to 0%, and the revaluation of Brazilian deferred tax assets and l

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation and Other Matters - The Company recorded reserves of $5.4 million and $13.3 million for certain of its outstanding legal proceedings as of June 30, 2024 and December 31, 2023, respectively, within Accrued and other current liabilities on its Consolidated Balance Sheets. While the Company believes that additional losses beyond these accruals are reasonably possible, it cannot estimate a possible loss contingency or range of reasonably possible loss contingencies beyond these accruals. Lease Guarantees - The Company assigned its interest, and is contingently liable, under certain real estate leases. These leases have varying terms, the latest of which expires in 2032. As of June 30, 2024, the undiscounted payments that the Company could be required to make in the event of non-payment by the primary lessees was $12.3 million. The present value of these potential payments discounted at the Company’s incremental borrowing rate as of June 30, 2024 was $9.8 million. In the event of default, the indemnity clauses in the Company’s purchase and sale agreements generally govern its ability to pursue and recover damages incurred. As of June 30, 2024 and December 31, 2023, the Company’s recorded contingent lease liability was $2.3 million and $5.3 million, respectively.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The following is a summary of reporting segments: REPORTABLE SEGMENT (1) CONCEPT GEOGRAPHIC LOCATION U.S. Outback Steakhouse United States of America Carrabba’s Italian Grill Bonefish Grill Fleming’s Prime Steakhouse & Wine Bar International Outback Steakhouse Brazil, Hong Kong/China Carrabba’s Italian Grill (Abbraccio) Brazil _________________ (1) Includes franchise locations. Segment accounting policies are the same as those described in Note 2 - Summary of Significant Accounting Policies in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Revenues for all segments include only transactions with customers and exclude intersegment revenues. Excluded from Income from operations for U.S. and international are certain legal and corporate costs not directly related to the performance of the segments, most stock-based compensation expenses, a portion of insurance expenses and certain bonus expenses. The following tables summarize Total revenues, Depreciation and amortization, and Income (loss) from operations by segment for the periods indicated: THIRTEEN WEEKS ENDED JUNE 30, 2024 (dollars in thousands) U.S. INTERNATIONAL CORPORATE CONSOLIDATED Total revenues $ 974,173 $ 144,693 $ — $ 1,118,866 Depreciation and amortization $ 40,616 $ 6,695 $ 2,214 $ 49,525 Income (loss) from operations $ 79,677 $ (874) $ (32,672) $ 46,131 THIRTEEN WEEKS ENDED JUNE 25, 2023 (dollars in thousands) U.S. INTERNATIONAL CORPORATE CONSOLIDATED Total revenues $ 1,005,229 $ 147,465 $ — $ 1,152,694 Depreciation and amortization $ 39,375 $ 6,126 $ 2,064 $ 47,565 Income (loss) from operations $ 103,008 $ 20,486 $ (34,048) $ 89,446 TWENTY-SIX WEEKS ENDED JUNE 30, 2024 (dollars in thousands) U.S. INTERNATIONAL CORPORATE CONSOLIDATED Total revenues $ 2,017,277 $ 296,916 $ — $ 2,314,193 Depreciation and amortization $ 80,584 $ 13,956 $ 4,267 $ 98,807 Income (loss) from operations $ 177,161 $ 14,888 $ (68,825) $ 123,224 TWENTY-SIX WEEKS ENDED JUNE 25, 2023 (dollars in thousands) U.S. INTERNATIONAL CORPORATE CONSOLIDATED Total revenues $ 2,098,225 $ 299,215 $ — $ 2,397,440 Depreciation and amortization $ 77,538 $ 12,045 $ 4,284 $ 93,867 Income (loss) from operations $ 236,251 $ 44,994 $ (71,166) $ 210,079 The following table is a reconciliation of segment income from operations to Income (loss) before provision for income taxes for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Income from operations $ 46,131 $ 89,446 $ 123,224 $ 210,079 Loss on extinguishment of debt — — (135,797) — Interest expense, net (14,802) (12,961) (28,418) (25,405) Income (loss) before provision for income taxes $ 31,329 $ 76,485 $ (40,991) $ 184,674

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 25, 2023	Jun. 30, 2024	Jun. 25, 2023
Pay vs Performance Disclosure
Net income (loss) attributable to Bloomin’ Brands	$ 28,403	$ 68,277	$ (55,469)	$ 159,588

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Kelly Lefferts [Member]
Trading Arrangements, by Individual
Name	Kelly Lefferts,
Title	Executive Vice President, Chief Legal Officer and Secretary
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 13, 2024
Arrangement Duration	288 days	[1]
Aggregate Available	17,184	[2]
Philip Pace [Member]
Trading Arrangements, by Individual
Name	Philip Pace,
Title	Senior Vice President, Chief Accounting Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 9, 2024
Arrangement Duration	358 days	[1]
Aggregate Available	37,949	[2]
[1] In each case, a trading plan may also expire on such earlier date as all transactions under the trading plan are completed. Plans provide for the exercise of vested stock options and sale of associated shares.

Description of the Business a_2

Description of the Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of presentation	Basis of Presentation - The accompanying interim unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles in the United States (“U.S. GAAP”) for complete financial statements. In the opinion of the Company, all adjustments necessary for fair financial statement presentation for the periods presented have been included and are of a normal, recurring nature. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. These financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.
Recently issued financial accounting standards not yet adopted	Recently Issued Financial Accounting Standards Not Yet Adopted - In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” (“ASU No. 2023-07”) which requires disclosure of significant segment expenses regularly provided to the Company’s chief operating decision-maker (“CODM”). ASU No. 2023-07 also allows for multiple measures of segment profit (loss) if the CODM utilizes such measures to allocate resources or assess performance. ASU No. 2023-07 is effective for the Company beginning with the 2024 Form 10-K, with early adoption permitted. The Company is currently evaluating the impact ASU No. 2023-07 will have on its disclosures. In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” (“ASU No. 2023-09”) which expands existing income tax disclosures, including disaggregation of the Company’s effective income tax rate reconciliation table and income taxes paid disclosures. ASU No. 2023-09 is effective for the Company beginning with the 2025 Form 10-K, with early adoption permitted. The Company is currently evaluating the impact ASU No. 2023-09 will have on its disclosures. In March 2024, the SEC adopted the final rule under SEC Release No. 33-11275, “The Enhancement and Standardization of Climate-Related Disclosures for Investors,” which requires registrants to include climate-related disclosures in their annual reports, including, but not limited to, material Scope 1 and Scope 2 greenhouse gas emissions, climate-related financial metrics, and governance, oversight and risk management processes for material climate-related risks in their audited financial statements. The final rule also requires certain disclosures regarding expenses incurred in relation to severe weather events and other natural conditions. The disclosure requirements are first effective for the Company beginning with the 2026 Form 10-K. In April 2024, the SEC voluntarily stayed the final rule due to pending legal challenges. The Company is currently evaluating the impact this rule will have on its disclosures. Recent accounting guidance not discussed herein is not applicable, did not have or is not expected to have a material impact to the Company.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue Recognition and Deferred Revenue [Abstract]
Disaggregation of revenue	The following tables include the disaggregation of Restaurant sales and franchise revenues by restaurant concept and major international market for the periods indicated: THIRTEEN WEEKS ENDED JUNE 30, 2024 JUNE 25, 2023 (dollars in thousands) RESTAURANT SALES FRANCHISE REVENUES RESTAURANT SALES FRANCHISE REVENUES U.S. Outback Steakhouse $ 562,904 $ 8,076 $ 576,989 $ 8,219 Carrabba’s Italian Grill 174,576 752 176,666 758 Bonefish Grill 134,279 128 143,458 95 Fleming’s Prime Steakhouse & Wine Bar 88,390 — 92,851 — Other 1,939 18 3,474 10 U.S. total 962,088 8,974 993,438 9,082 International Outback Steakhouse - Brazil (1) 118,357 — 119,295 — Other (1)(2) 23,120 3,142 24,597 3,486 International total 141,477 3,142 143,892 3,486 Total $ 1,103,565 $ 12,116 $ 1,137,330 $ 12,568 TWENTY-SIX WEEKS ENDED JUNE 30, 2024 JUNE 25, 2023 (dollars in thousands) RESTAURANT SALES FRANCHISE REVENUES RESTAURANT SALES FRANCHISE REVENUES U.S. Outback Steakhouse $ 1,166,517 $ 16,396 $ 1,205,172 $ 16,763 Carrabba’s Italian Grill 359,005 1,488 364,708 1,553 Bonefish Grill 278,782 288 301,147 266 Fleming’s Prime Steakhouse & Wine Bar 184,552 — 195,624 — Other 4,128 56 7,356 25 U.S. total 1,992,984 18,228 2,074,007 18,607 International Outback Steakhouse - Brazil (1) 243,194 — 241,311 — Other (1)(2) 46,874 6,698 50,246 7,484 International total 290,068 6,698 291,557 7,484 Total $ 2,283,052 $ 24,926 $ 2,365,564 $ 26,091 ________________ (1) Includes $9.6 million and $19.2 million of Restaurant sales during the thirteen and twenty-six weeks ended June 25, 2023, respectively, in connection with value added tax exemptions resulting from Brazil tax legislation. See Note 15 - Income Taxes for details regarding the Brazil tax legislation. (2) Includes Restaurant sales for Company-owned Outback Steakhouse restaurants outside of Brazil and Abbraccio restaurants in Brazil. Franchise revenues primarily include revenues from franchised Outback Steakhouse restaurants.
Contract with customers, asset and liability	The following table includes a detail of assets and liabilities from contracts with customers included on the Company’s Consolidated Balance Sheets as of the periods indicated: (dollars in thousands) JUNE 30, 2024 DECEMBER 31, 2023 Other current assets, net Deferred gift card sales commissions $ 12,650 $ 18,081 Unearned revenue Deferred gift card revenue $ 300,590 $ 374,274 Deferred loyalty revenue 6,461 5,664 Deferred franchise fees - current 460 473 Other 1,504 1,466 Total Unearned revenue $ 309,015 $ 381,877 Other long-term liabilities, net Deferred franchise fees - non-current $ 3,896 $ 4,036 The following table is a rollforward of deferred gift card sales commissions for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Balance, beginning of the period $ 13,520 $ 13,403 $ 18,081 $ 17,755 Deferred gift card sales commissions amortization (5,163) (5,383) (12,661) (13,180) Deferred gift card sales commissions capitalization 4,942 5,340 8,856 9,743 Other (649) (666) (1,626) (1,624) Balance, end of the period $ 12,650 $ 12,694 $ 12,650 $ 12,694 The following table is a rollforward of unearned gift card revenue for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Balance, beginning of the period $ 312,283 $ 314,096 $ 374,274 $ 386,495 Gift card sales 59,336 65,338 105,945 118,343 Gift card redemptions (66,854) (70,175) (169,324) (188,458) Gift card breakage (4,175) (4,317) (10,305) (11,438) Balance, end of the period $ 300,590 $ 304,942 $ 300,590 $ 304,942

Impairments and Exit Costs (Tab

Impairments and Exit Costs (Tables)	6 Months Ended
	Jun. 30, 2024
Impairments, Exit Costs and Disposals [Abstract]
Provision for impaired assets and restaurant closings	The components of Provision for impaired assets and restaurant closings are as follows for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 30, 2024 Impairment losses U.S. (1) $ — $ 1,852 International (2) 14,048 14,048 Total impairment losses $ 14,048 $ 15,900 Restaurant closure charges U.S. (1) $ 2,135 $ 11,219 International (2) 78 15 Total restaurant closure charges 2,213 11,234 Provision for impaired assets and restaurant closings $ 16,261 $ 27,134 ________________ (1) Primarily includes charges in connection with the 2023 Restaurant Closures, as discussed below. (2)
Restructuring and related costs	Following is a summary of expenses recognized in the Consolidated Statements of Operations and Comprehensive Income (Loss) for the period indicated (dollars in thousands): DESCRIPTION CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) CLASSIFICATION TWENTY-SIX WEEKS ENDED JUNE 30, 2024 Asset impairments and closure charges Provision for impaired assets and restaurant closings $ 11,714 Severance and other expenses General and administrative 2,974 Closure-related labor costs Labor and other related 434 Total (1) $ 15,122 ________________ (1) During the fourth quarter of 2023, the Company recognized $32.4 million of net charges in connection with the 2023 Restaurant Closures.

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of earnings (loss) per share, basic and diluted	The following table presents the computation of basic and diluted earnings (loss) per share for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (in thousands, except per share data) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Net income (loss) attributable to Bloomin’ Brands $ 28,403 $ 68,277 $ (55,469) $ 159,588 Basic weighted average common shares outstanding 86,688 88,559 86,856 88,838 Effect of dilutive securities: Stock options 204 395 — 398 Nonvested restricted stock units 86 132 — 201 Nonvested performance-based share units — — — 143 Convertible senior notes (1) 1,005 5,002 — 4,917 Warrants (1) 649 3,313 — 3,209 Diluted weighted average common shares outstanding 88,632 97,401 86,856 97,706 Basic earnings (loss) per share $ 0.33 $ 0.77 $ (0.64) $ 1.80 Diluted earnings (loss) per share $ 0.32 $ 0.70 $ (0.64) $ 1.63 ________________ (1) During the twenty-six weeks ended June 30, 2024, the Company repurchased $83.6 million of the convertible notes due in 2025 and settled the corresponding portion of the related note hedges and warrants (the “2025 Notes Partial Repurchase”).
Schedule of antidilutive securities excluded from computation of earnings (loss) per share	Share-based compensation-related weighted average securities outstanding not included in the computation of earnings (loss) per share because their effect was antidilutive were as follows for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (shares in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Stock options 324 689 451 707 Nonvested restricted stock units 55 21 199 70 Nonvested performance-based share units 619 581 543 463

Stock-based Compensation Plans

Stock-based Compensation Plans (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of compensation cost for stock-based payment arrangements, allocation of share-based compensation costs by plan	The Company recognized stock-based compensation expense as follows for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Performance-based share units (1) $ (1,556) $ 2,297 $ (1,063) $ 3,220 Restricted stock units 2,021 1,985 3,958 3,948 Stock options — 835 — 835 Total stock-based compensation expense, net of capitalized expense $ 465 $ 5,117 $ 2,895 $ 8,003 ________________ (1) The thirteen and twenty-six weeks ended June 30, 2024 include a cumulative life-to-date adjustment to decrease expense for PSUs granted in fiscal year 2023 based on updated assumptions regarding the criteria set forth in the award agreements.
Schedule of nonvested performance-based units activity	The following table presents a summary of the Company’s performance-based share units (“PSUs”) activity: (in thousands, except per unit data) PERFORMANCE-BASED SHARE UNITS WEIGHTED AVERAGE GRANT DATE FAIR VALUE PER UNIT AGGREGATE Outstanding as of December 31, 2023 818 $ 26.92 $ 23,026 Granted 290 $ 27.26 Performance adjustment (2) 237 $ 25.40 Vested (473) $ 25.40 Forfeited (86) $ 27.57 Outstanding as of June 30, 2024 786 $ 27.43 $ 15,107 Expected to vest as of June 30, 2024 (3) 288 $ 5,543 ________________ (1) Based on the $28.15 and $19.23 share price of the Company’s common stock on December 29, 2023 and June 28, 2024, the last trading day of the year ended December 31, 2023 and twenty-six weeks ended June 30, 2024, respectively. (2) Represents adjustment to 200% payout for PSUs granted during 2021. (3) Estimated number of units to be issued upon the vesting of outstanding PSUs based on Company performance projections of performance criteria set forth in the 2022, 2023 and 2024 PSU award agreements.
Monte Carlo schedule of assumptions used to calculate far value of PSUs	Assumptions used in the Monte Carlo simulation model and the grant date fair value of PSUs granted were as follows for the periods indicated: TWENTY-SIX WEEKS ENDED JUNE 30, 2024 JUNE 25, 2023 Assumptions: Risk-free interest rate (1) 4.37 % 4.26 % Dividend yield (2) 3.49 % 3.47 % Volatility (3) 51.41 % 51.02 % Grant date fair value per unit (4) $ 27.26 $ 29.01 ________________ (1) Risk-free interest rate is the U.S. Treasury yield curve in effect as of the grant date for the performance period of the unit. (2) Dividend yield is the level of dividends expected to be paid on the Company’s common stock over the expected term. (3) Based on the historical volatility of the Company’s stock over the last seven years. (4)
Schedule of unrecognized compensation cost, nonvested awards	The following represents unrecognized stock-based compensation expense and the remaining weighted average recognition period as of June 30, 2024: UNRECOGNIZED COMPENSATION EXPENSE REMAINING WEIGHTED AVERAGE RECOGNITION PERIOD (in years) Performance-based share units $ 6,976 2.7 Restricted stock units $ 12,302 2.1

Other Current Assets, Net (Tabl

Other Current Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Other Current Assets, Net [Abstract]
Schedule of other current assets	Other current assets, net, consisted of the following as of the periods indicated: (dollars in thousands) JUNE 30, 2024 DECEMBER 31, 2023 Prepaid expenses $ 32,186 $ 26,674 Accounts receivable - gift cards, net 13,861 67,424 Accounts receivable - vendors, net 19,298 13,648 Accounts receivable - franchisees, net 3,321 3,671 Accounts receivable - other, net 19,344 18,100 Deferred gift card sales commissions 12,650 18,081 Other current assets, net 7,551 5,404 $ 108,211 $ 153,002

Accrued and Other Current Lia_2

Accrued and Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Schedule of accrued and other current liabilities	Accrued and other current liabilities consisted of the following as of the periods indicated: (dollars in thousands) JUNE 30, 2024 DECEMBER 31, 2023 Accrued payroll and other compensation $ 78,729 $ 98,903 Accrued insurance 17,434 19,310 Other current liabilities 114,494 137,601 $ 210,657 $ 255,814

Long-term Debt, Net (Tables)

Long-term Debt, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of long-term debt, net	Following is a summary of outstanding Long-term debt, net, as of the periods indicated: JUNE 30, 2024 DECEMBER 31, 2023 (dollars in thousands) OUTSTANDING BALANCE INTEREST RATE OUTSTANDING BALANCE INTEREST RATE Senior secured credit facility - revolving credit facility (1) $ 685,000 6.96 % $ 381,000 6.96 % 2025 Notes (2) 20,724 5.00 % 104,786 5.00 % 2029 Notes 300,000 5.13 % 300,000 5.13 % Less: unamortized debt discount and issuance costs (2) (3,742) (5,067) Long-term debt, net $ 1,001,982 $ 780,719 ________________ (1) Interest rate represents the weighted average interest rate as of the respective periods. (2) During the twenty-six weeks ended June 30, 2024, the Company repurchased $83.6 million of the 2025 Notes and as a result, wrote off $0.8 million of debt issuance costs. See Note 10 - Convertible Senior Notes for additional details.

Convertible Senior Notes (Table

Convertible Senior Notes (Tables)	6 Months Ended
	Jun. 30, 2024
Convertible Notes [Abstract]
Convertible senior notes balances	The following table includes the outstanding principal amount and carrying value of the 2025 Notes as of the periods indicated: (dollars in thousands) JUNE 30, 2024 DECEMBER 31, 2023 Principal $ 20,724 $ 104,786 Less: unamortized debt issuance costs (1) (138) (1,138) Net carrying amount $ 20,586 $ 103,648 ________________ (1) During the twenty-six weeks ended June 30, 2024, the Company wrote off $0.8 million of debt issuance costs as a result of the 2025 Notes Partial Repurchase.
Convertible senior notes interest expense	Following is a summary of interest expense for the 2025 Notes by component for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Coupon interest $ 259 $ 1,310 $ 1,265 $ 2,622 Debt issuance cost amortization 40 198 198 394 Total interest expense (1) $ 299 $ 1,508 $ 1,463 $ 3,016 ________________ (1) The effective rate of the 2025 Notes over their expected life is 5.85%. The decrease in interest expense during the thirteen and twenty-six weeks ended June 30, 2024 relates to the 2025 Notes Partial Repurchase in February 2024.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2024
Equity, Attributable to Parent [Abstract]
Schedule of repurchases of common stock	Following is a summary of the shares repurchased during fiscal year 2024: (in thousands, except per share data) NUMBER OF SHARES AVERAGE REPURCHASE PRICE PER SHARE AMOUNT First fiscal quarter 6,948 $ 27.13 $ 188,500 Second fiscal quarter (1) 2,156 $ 27.36 59,000 Total common stock repurchases (2) 9,104 $ 27.18 $ 247,500 ________________ (1) Includes $44.0 million of share repurchases in connection with the ASR Agreement that settled during the thirteen weeks ended June 30, 2024. (2) Excludes $0.4 million of fees recorded in Accumulated deficit related to repurchases under the ASR Agreement. Subsequent to June 30, 2024, the Company repurchased 823 thousand shares of its common stock for $15.6 million under the 2024 Share Repurchase Program through August 2, 2024 under a Rule 10b5-1 plan.
Dividends declared and paid	The Company declared and paid dividends per share during fiscal year 2024 as follows: (dollars in thousands, except per share data) DIVIDENDS PER SHARE AMOUNT First fiscal quarter $ 0.24 $ 21,075 Second fiscal quarter 0.24 20,762 Total cash dividends declared and paid $ 0.48 $ 41,837
Schedule of accumulated other comprehensive loss	Following are the components of AOCL as of the periods indicated: (dollars in thousands) JUNE 30, 2024 DECEMBER 31, 2023 Foreign currency translation adjustment $ (189,478) $ (177,689) Unrealized gain (loss) on derivatives, net of tax 872 (615) Accumulated other comprehensive loss $ (188,606) $ (178,304)
Other comprehensive (loss) income	Following are the components of Other comprehensive (loss) income attributable to Bloomin’ Brands for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Foreign currency translation adjustment $ (9,858) $ 4,502 $ (11,789) $ 3,368 Change in fair value of derivatives, net of tax 898 — 2,333 — Reclassification realized in Net income (loss), net of tax (568) — (846) — Gain on derivatives, net of tax 330 — 1,487 — Other comprehensive (loss) income attributable to Bloomin’ Brands $ (9,528) $ 4,502 $ (10,302) $ 3,368

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative instruments	The Swap Transactions have an aggregate notional amount of $375.0 million and include one NOTIONAL AMOUNT WEIGHTED AVERAGE FIXED INTEREST RATE (1) EFFECTIVE DATE TERMINATION DATE $ 100,000,000 4.92% December 29, 2023 December 31, 2024 100,000,000 4.34% December 29, 2023 December 31, 2025 175,000,000 4.40% March 29, 2024 March 31, 2026 $ 375,000,000 4.52% ____________________ (1) The weighted average fixed interest rate excludes the term SOFR adjustment and interest rate spread described below.
Schedule of derivative instruments in statement of financial position, fair value	The following table presents the fair value and classification of the Company’s swap agreements as of the periods indicated: (dollars in thousands) JUNE 30, 2024 DECEMBER 31, 2023 CONSOLIDATED BALANCE SHEET CLASSIFICATION Interest rate swaps - asset (1) $ 1,591 $ 320 Other current assets, net Interest rate swaps - liability $ — $ 253 Accrued and other current liabilities Interest rate swaps - liability 420 893 Other long-term liabilities, net Total fair value of derivative instruments - liabilities (1) $ 420 $ 1,146 ____________________ (1) See Note 14 - Fair Value Measurements for fair value discussion of the interest rate swaps.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Assets and liabilities, lessee	The following table includes a detail of lease assets and liabilities included on the Company’s Consolidated Balance Sheets as of the periods indicated: (dollars in thousands) CONSOLIDATED BALANCE SHEET CLASSIFICATION JUNE 30, 2024 DECEMBER 31, 2023 Operating lease right-of-use assets Operating lease right-of-use assets $ 1,074,261 $ 1,084,951 Finance lease right-of-use assets (1) Property, fixtures and equipment, net 8,338 9,941 Total lease assets, net $ 1,082,599 $ 1,094,892 Current operating lease liabilities Current operating lease liabilities $ 169,397 $ 175,442 Current finance lease liabilities Accrued and other current liabilities 2,437 3,197 Non-current operating lease liabilities Non-current operating lease liabilities 1,134,464 1,131,639 Non-current finance lease liabilities Other long-term liabilities, net 6,725 7,414 Total lease liabilities $ 1,313,023 $ 1,317,692 ________________ (1) Net of accumulated amortization of $6.1 million and $4.7 million as of June 30, 2024 and December 31, 2023, respectively.
Lease, cost	Following is a summary of expenses and income related to leases recognized in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for the periods indicated: CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) CLASSIFICATION THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Operating lease cost (1) Other restaurant operating $ 45,131 $ 46,237 $ 90,935 $ 91,984 Variable lease cost Other restaurant operating 2,222 1,629 4,782 3,353 Finance lease costs: Amortization of leased assets Depreciation and amortization 779 549 1,567 1,037 Interest on lease liabilities Interest expense, net 188 174 390 310 Sublease revenue Franchise and other revenues (1,845) (1,635) (3,593) (3,343) Lease costs, net $ 46,475 $ 46,954 $ 94,081 $ 93,341 ________________ (1) Excludes rent expense for office facilities and Company-owned closed or subleased properties of $3.7 million and $3.0 million for the thirteen weeks ended June 30, 2024 and June 25, 2023, respectively, and $7.2 million and $6.0 million for the twenty-six weeks ended June 30, 2024 and June 25, 2023, respectively, which is included in General and administrative expense.
Cash flow, operating activities	The following table is a summary of cash flow impacts to the Company’s Consolidated Financial Statements related to its leases for the periods indicated: TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 Cash flows from operating activities: Cash paid for amounts included in the measurement of operating lease liabilities $ 99,566 $ 97,804

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair value measurement inputs and valuation techniques	Fair value is categorized into one of the following three levels based on the lowest level of significant input: Level 1 Unadjusted quoted market prices in active markets for identical assets or liabilities Level 2 Observable inputs available at measurement date other than quoted prices included in Level 1 Level 3 Unobservable inputs that cannot be corroborated by observable market data
Schedule of assets measured at fair value on a recurring basis	The following table summarizes the Company’s financial assets and liabilities measured at fair value by hierarchy level on a recurring basis as of the periods indicated: JUNE 30, 2024 DECEMBER 31, 2023 (dollars in thousands) TOTAL LEVEL 1 LEVEL 2 TOTAL LEVEL 1 LEVEL 2 Assets: Cash equivalents: Fixed income funds $ 22,305 $ 22,305 $ — $ 12,837 $ 12,837 $ — Money market funds 15,992 15,992 — 11,083 11,083 — Restricted cash equivalents: Money market funds — — — 2,854 2,854 — Other current assets, net: Derivative instruments - interest rate swaps 1,591 — 1,591 320 — 320 Total asset recurring fair value measurements $ 39,888 $ 38,297 $ 1,591 $ 27,094 $ 26,774 $ 320 Liabilities: Accrued and other current liabilities: Derivative instruments - interest rate swaps $ — $ — $ — $ 253 $ — $ 253 Other long-term liabilities: Derivative instruments - interest rate swaps 420 — 420 893 — 893 Total liability recurring fair value measurements $ 420 $ — $ 420 $ 1,146 $ — $ 1,146
Fair value, assets measured on recurring basis, methods and assumptions	Fair value of each class of financial instruments is determined based on the following: FINANCIAL INSTRUMENT METHODS AND ASSUMPTIONS Fixed income funds and Money market funds Carrying value approximates fair value because maturities are less than three months. Derivative instruments The Company’s derivative instruments include interest rate swaps. Fair value measurements are based on the contractual terms of the derivatives and observable market-based inputs. The interest rate swaps are valued using a discounted cash flow analysis on the expected cash flows of each derivative using observable inputs including interest rate curves and credit spreads. The Company also considers its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. As of June 30, 2024 and December 31, 2023, the Company determined that the credit valuation adjustments were not significant to the overall valuation of its derivatives.
Schedule of carrying value and fair value of senior secured credit facility and other unsecured debt	The following table includes the carrying value and fair value of the Company’s debt by hierarchy level as of the periods indicated: JUNE 30, 2024 DECEMBER 31, 2023 (dollars in thousands) CARRYING VALUE FAIR VALUE LEVEL 2 CARRYING VALUE FAIR VALUE LEVEL 2 Senior secured credit facility - revolving credit facility $ 685,000 $ 685,000 $ 381,000 $ 381,000 2025 Notes $ 20,724 $ 35,958 $ 104,786 $ 265,896 2029 Notes $ 300,000 $ 270,342 $ 300,000 $ 277,809

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of effective income tax rate reconciliation	THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Income (loss) before provision for income taxes $ 31,329 $ 76,485 $ (40,991) $ 184,674 Provision for income taxes $ 1,698 $ 6,483 $ 11,668 $ 21,244 Effective income tax rate 5.4 % 8.5 % (28.5) % 11.5 %

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Summary of reporting segments	The following is a summary of reporting segments: REPORTABLE SEGMENT (1) CONCEPT GEOGRAPHIC LOCATION U.S. Outback Steakhouse United States of America Carrabba’s Italian Grill Bonefish Grill Fleming’s Prime Steakhouse & Wine Bar International Outback Steakhouse Brazil, Hong Kong/China Carrabba’s Italian Grill (Abbraccio) Brazil _________________ (1) Includes franchise locations.
Schedule of segment reporting information, by segment	The following tables summarize Total revenues, Depreciation and amortization, and Income (loss) from operations by segment for the periods indicated: THIRTEEN WEEKS ENDED JUNE 30, 2024 (dollars in thousands) U.S. INTERNATIONAL CORPORATE CONSOLIDATED Total revenues $ 974,173 $ 144,693 $ — $ 1,118,866 Depreciation and amortization $ 40,616 $ 6,695 $ 2,214 $ 49,525 Income (loss) from operations $ 79,677 $ (874) $ (32,672) $ 46,131 THIRTEEN WEEKS ENDED JUNE 25, 2023 (dollars in thousands) U.S. INTERNATIONAL CORPORATE CONSOLIDATED Total revenues $ 1,005,229 $ 147,465 $ — $ 1,152,694 Depreciation and amortization $ 39,375 $ 6,126 $ 2,064 $ 47,565 Income (loss) from operations $ 103,008 $ 20,486 $ (34,048) $ 89,446 TWENTY-SIX WEEKS ENDED JUNE 30, 2024 (dollars in thousands) U.S. INTERNATIONAL CORPORATE CONSOLIDATED Total revenues $ 2,017,277 $ 296,916 $ — $ 2,314,193 Depreciation and amortization $ 80,584 $ 13,956 $ 4,267 $ 98,807 Income (loss) from operations $ 177,161 $ 14,888 $ (68,825) $ 123,224 TWENTY-SIX WEEKS ENDED JUNE 25, 2023 (dollars in thousands) U.S. INTERNATIONAL CORPORATE CONSOLIDATED Total revenues $ 2,098,225 $ 299,215 $ — $ 2,397,440 Depreciation and amortization $ 77,538 $ 12,045 $ 4,284 $ 93,867 Income (loss) from operations $ 236,251 $ 44,994 $ (71,166) $ 210,079
Reconciliation of operating income (loss) from segments to consolidated	The following table is a reconciliation of segment income from operations to Income (loss) before provision for income taxes for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 30, 2024 JUNE 25, 2023 JUNE 30, 2024 JUNE 25, 2023 Income from operations $ 46,131 $ 89,446 $ 123,224 $ 210,079 Loss on extinguishment of debt — — (135,797) — Interest expense, net (14,802) (12,961) (28,418) (25,405) Income (loss) before provision for income taxes $ 31,329 $ 76,485 $ (40,991) $ 184,674

Description of the Business a_3

Description of the Business and Basis of Presentation (Description of the Business) (Details)	Jun. 30, 2024 restaurantConcept
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Restaurant concepts in portfolio	4

Revenue Recognition (Disaggrega

Revenue Recognition (Disaggregated Revenue) (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 30, 2024	Jun. 25, 2023		Jun. 30, 2024	Jun. 25, 2023
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		$ 1,118,866	$ 1,152,694		$ 2,314,193	$ 2,397,440
Restaurant sales
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		1,103,565	1,137,330		2,283,052	2,365,564
Restaurant sales | U.S. segment
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		962,088	993,438		1,992,984	2,074,007
Restaurant sales | International segment
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		141,477	143,892		290,068	291,557
Restaurant sales | International segment | BRAZIL | Brazilian tax legislation
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues			9,600			19,200
Restaurant sales | Outback Steakhouse
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		562,904	576,989		1,166,517	1,205,172
Restaurant sales | Carrabba’s Italian Grill
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		174,576	176,666		359,005	364,708
Restaurant sales | Bonefish Grill
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		134,279	143,458		278,782	301,147
Restaurant sales | Fleming’s Prime Steakhouse & Wine Bar
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		88,390	92,851		184,552	195,624
Restaurant sales | Other - U.S.
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		1,939	3,474		4,128	7,356
Restaurant sales | Outback Steakhouse - Brazil
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		118,357	119,295	[1]	243,194	241,311	[1]
Restaurant sales | Other - international
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues	[2]	23,120	24,597	[1]	46,874	50,246	[1]
Franchise and other revenues
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		12,116	12,568		24,926	26,091
Franchise and other revenues | U.S. segment
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		8,974	9,082		18,228	18,607
Franchise and other revenues | International segment
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		3,142	3,486		6,698	7,484
Franchise and other revenues | Outback Steakhouse
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		8,076	8,219		16,396	16,763
Franchise and other revenues | Carrabba’s Italian Grill
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		752	758		1,488	1,553
Franchise and other revenues | Bonefish Grill
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		128	95		288	266
Franchise and other revenues | Fleming’s Prime Steakhouse & Wine Bar
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		0	0		0	0
Franchise and other revenues | Other - U.S.
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		18	10		56	25
Franchise and other revenues | Outback Steakhouse - Brazil
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		0	0		0	0
Franchise and other revenues | Other - international
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues	[2]	$ 3,142	$ 3,486		$ 6,698	$ 7,484
[1] Includes $9.6 million and $19.2 million of Restaurant sales during the thirteen and twenty-six weeks ended June 25, 2023, respectively, in connection with value added tax exemptions resulting from Brazil tax legislation. See Note 15 - Income Taxes for details regarding the Brazil tax legislation. Includes Restaurant sales for Company-owned Outback Steakhouse restaurants outside of Brazil and Abbraccio restaurants in Brazil. Franchise revenues primarily include revenues from franchised Outback Steakhouse restaurants.

Revenue Recognition (Contract A

Revenue Recognition (Contract Assets and Liabilities Summary) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 25, 2023	Mar. 26, 2023	Dec. 25, 2022
Revenue Recognition [Line Items]
Deferred gift card sales commissions, current	$ 12,650	$ 13,520	$ 18,081	$ 12,694	$ 13,403	$ 17,755
Unearned revenue	309,015		381,877
Deferred gift card revenue
Revenue Recognition [Line Items]
Unearned revenue	300,590	$ 312,283	374,274	$ 304,942	$ 314,096	$ 386,495
Other current assets, net
Revenue Recognition [Line Items]
Deferred gift card sales commissions, current	12,650		18,081
Unearned revenue
Revenue Recognition [Line Items]
Unearned revenue	309,015		381,877
Unearned revenue | Deferred gift card revenue
Revenue Recognition [Line Items]
Unearned revenue	300,590		374,274
Unearned revenue | Deferred loyalty revenue
Revenue Recognition [Line Items]
Unearned revenue	6,461		5,664
Unearned revenue | Deferred franchise fees
Revenue Recognition [Line Items]
Unearned revenue	460		473
Unearned revenue | Other
Revenue Recognition [Line Items]
Unearned revenue	1,504		1,466
Other long-term liabilities, net | Deferred franchise fees
Revenue Recognition [Line Items]
Deferred franchise fees - non-current	$ 3,896		$ 4,036

Revenue Recognition (Contract_2

Revenue Recognition (Contract Assets and Liabilities - Deferred Gift Card Commissions Rollforward) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 25, 2023	Jun. 30, 2024	Jun. 25, 2023
Capitalized Contract Cost, Net, Current [Roll Forward]
Balance, beginning of the period	$ 13,520	$ 13,403	$ 18,081	$ 17,755
Deferred gift card sales commissions amortization	(5,163)	(5,383)	(12,661)	(13,180)
Deferred gift card sales commissions capitalization	4,942	5,340	8,856	9,743
Other	(649)	(666)	(1,626)	(1,624)
Balance, end of the period	$ 12,650	$ 12,694	$ 12,650	$ 12,694

Revenue Recognition (Contract_3

Revenue Recognition (Contract Assets and Liabilities - Deferred Gift Card Revenue Rollforward) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 25, 2023	Jun. 30, 2024	Jun. 25, 2023
Revenue Recognition [Line Items]
Balance, beginning of the period			$ 381,877
Balance, end of the period	$ 309,015		309,015
Deferred gift card revenue
Revenue Recognition [Line Items]
Balance, beginning of the period	312,283	$ 314,096	374,274	$ 386,495
Gift card sales	59,336	65,338	105,945	118,343
Gift card redemptions	(66,854)	(70,175)	(169,324)	(188,458)
Gift card breakage	(4,175)	(4,317)	(10,305)	(11,438)
Balance, end of the period	$ 300,590	$ 304,942	$ 300,590	$ 304,942

Impairments and Exit Costs (Pro

Impairments and Exit Costs (Provision for Impaired Assets and Restaurant Closings) (Details) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024 USD ($) Restaurants	Jun. 25, 2023 USD ($)	Jun. 30, 2024 USD ($) Restaurants	Jun. 25, 2023 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Provision for impaired assets and restaurant closings		$ 16,261	$ 1,827	$ 27,134	$ 5,151
Hong Kong
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of restaurants | Restaurants		9		9
Provision for impaired assets and restaurant closings
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Asset impairments and closure charges		$ 14,048		$ 15,900
Restaurant closure charges		2,213		11,234
Provision for impaired assets and restaurant closings		16,261		27,134
Provision for impaired assets and restaurant closings | U.S. segment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Asset impairments and closure charges	[1]	0		1,852
Restaurant closure charges	[1]	2,135		11,219
Provision for impaired assets and restaurant closings | International segment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Asset impairments and closure charges	[2]	14,048		14,048
Restaurant closure charges	[2]	$ 78		$ 15
[1] Primarily includes charges in connection with the 2023 Restaurant Closures, as discussed below. Primarily includes charges in connection with the Q2 2024 decision to close nine restaurants in Hong Kong.

Impairments and Exit Costs (Res

Impairments and Exit Costs (Restructuring and Related Costs) (Details) - 2023 Closure Initiative $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2023 USD ($) Restaurants	Jun. 30, 2024 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total 2023 Closure Initiative charges	$ 32,400	$ 15,122	[1]
Provision for impaired assets and restaurant closings | Facility closing
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Asset impairments and closure charges		11,714
General and administrative expense | Employee severance
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Severance and other expenses		2,974
Labor and other related | Contract termination
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Closure-related labor costs		$ 434
U.S. segment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of restaurants | Restaurants	36
Aussie Grill | U.S. segment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of restaurants | Restaurants	3
Aussie Grill | International segment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of restaurants | Restaurants	2
[1] During the fourth quarter of 2023, the Company recognized $32.4 million of net charges in connection with the 2023 Restaurant Closures.

Earnings (Loss) Per Share (Basi

Earnings (Loss) Per Share (Basic and Diluted EPS) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended			6 Months Ended
	Feb. 29, 2024	Jun. 30, 2024		Jun. 25, 2023	Jun. 30, 2024		Jun. 25, 2023
Schedule of earnings (loss) per share, basic and diluted [Line Items]
Net income (loss) attributable to Bloomin’ Brands		$ 28,403		$ 68,277	$ (55,469)		$ 159,588
Basic weighted average common shares outstanding		86,688		88,559	86,856		88,838
Effect of dilutive securities:
Convertible senior notes (in shares)		1,005	[1]	5,002	0	[1]	4,917
Warrants (in shares)		649	[1]	3,313	0	[1]	3,209
Diluted weighted average common shares outstanding (in shares)		88,632		97,401	86,856		97,706
Basic earnings (loss) per share (in USD per share)		$ 0.33		$ 0.77	$ (0.64)		$ 1.80
Diluted earnings (loss) per share (in USD per share)		$ 0.32		$ 0.70	$ (0.64)		$ 1.63
2025 Notes | Convertible debt
Effect of dilutive securities:
2025 Notes repurchase amount	$ 83,600				$ 83,600
Stock options
Effect of dilutive securities:
Dilutive shares (in shares)		204		395	0		398
Nonvested restricted stock units
Effect of dilutive securities:
Dilutive shares (in shares)		86		132	0		201
Nonvested performance-based share units
Effect of dilutive securities:
Dilutive shares (in shares)		0		0	0		143
[1] During the twenty-six weeks ended June 30, 2024, the Company repurchased $83.6 million of the convertible notes due in 2025 and settled the corresponding portion of the related note hedges and warrants (the “2025 Notes Partial Repurchase”).

Earnings (Loss) Per Share (Anti

Earnings (Loss) Per Share (Antidilutive Securities) (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 25, 2023	Jun. 30, 2024	Jun. 25, 2023
Stock options
Antidilutive securities excluded from computation of earnings (loss) per share [Line Items]
Antidilutive securities not included in the computation of earnings (loss) per share (in shares)	324	689	451	707
Nonvested restricted stock units
Antidilutive securities excluded from computation of earnings (loss) per share [Line Items]
Antidilutive securities not included in the computation of earnings (loss) per share (in shares)	55	21	199	70
Nonvested performance-based share units
Antidilutive securities excluded from computation of earnings (loss) per share [Line Items]
Antidilutive securities not included in the computation of earnings (loss) per share (in shares)	619	581	543	463

Stock-based Compensation Plan_2

Stock-based Compensation Plans (Stock-based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2024		Jun. 25, 2023	Jun. 30, 2024		Jun. 25, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 465		$ 5,117	$ 2,895		$ 8,003
Performance-based share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	(1,556)	[1]	2,297	(1,063)	[1]	3,220
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	2,021		1,985	3,958		3,948
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 0		$ 835	$ 0		$ 835
[1] The thirteen and twenty-six weeks ended June 30, 2024 include a cumulative life-to-date adjustment to decrease expense for PSUs granted in fiscal year 2023 based on updated assumptions regarding the criteria set forth in the award agreements.

Stock-based Compensation Plan_3

Stock-based Compensation Plans (PSU Activity - Table) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		6 Months Ended
		Jun. 30, 2024	Jun. 28, 2024	Dec. 29, 2023
Common stock
WEIGHTED AVERAGE GRANT DATE FAIR VALUE PER UNIT
Share price applicable to outstanding share-based compensation (in USD per share)			$ 19.23	$ 28.15
Performance-based share units
PERFORMANCE-BASED SHARE UNITS
Outstanding as of December 31, 2023 (in shares)		818
Granted (in shares)		290
Performance adjustment (in shares)	[1]	237
Vested (in shares)		(473)
Forfeited (in shares)		(86)
Outstanding as of June 30, 2024 (in shares)		786
Expected to vest as of June 30, 2024 (in shares)	[2]	288
WEIGHTED AVERAGE GRANT DATE FAIR VALUE PER UNIT
Outstanding as of December 31, 2023 (in USD per share)		$ 26.92
Granted (in USD per share)		27.26
Performance adjustment (in USD per share)	[1]	25.40
Vested (in USD per share)		25.40
Forfeited (in USD per share)		27.57
Outstanding as of June 30, 2024 (in USD per share)		$ 27.43
Aggregate intrinsic value as of December 31, 2023	[3]	$ 23,026
Aggregate intrinsic value as of June 30, 2024	[3]	15,107
Aggregate intrinsic value, expected to vest as of June 30, 2024	[2],[3]	$ 5,543
Performance-based share units | 2021 PSU Grant
WEIGHTED AVERAGE GRANT DATE FAIR VALUE PER UNIT
Share-based compensation arrangement by share-based payment award, award vesting rights, percentage		200%
[1] Represents adjustment to 200% payout for PSUs granted during 2021. Estimated number of units to be issued upon the vesting of outstanding PSUs based on Company performance projections of performance criteria set forth in the 2022, 2023 and 2024 PSU award agreements. Based on the $28.15 and $19.23 share price of the Company’s common stock on December 29, 2023 and June 28, 2024, the last trading day of the year ended December 31, 2023 and twenty-six weeks ended June 30, 2024, respectively.

Stock-based Compensation Plan_4

Stock-based Compensation Plans (Assumptions Used in the Monte Carlo Simulation Model and the Grant Date Fair Value of PSUs Granted) (Details) - Performance-based share units - $ / shares		6 Months Ended
		Jun. 30, 2024	Jun. 25, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	[1]	4.37%	4.26%
Dividend yield	[2]	3.49%	3.47%
Volatility	[3]	51.41%	51.02%
Grant date fair value per unit	[4]	$ 27.26	$ 29.01
Share-based compensation arrangement by share-based payment award, stock price discount, percentage		(1.60%)
Share-based compensation arrangement by share-based payment award, stock price premium, percentage			2.70%
[1] Risk-free interest rate is the U.S. Treasury yield curve in effect as of the grant date for the performance period of the unit. Based on the historical volatility of the Company’s stock over the last seven years.

Stock-based Compensation Plan_5

Stock-based Compensation Plans (Unrecognized Stock Compensation Expense and the Remaining Weighted-Average Vesting Period) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Performance-based share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation, nonvested awards, compensation expense not yet recognized, stock-based awards other than options	$ 6,976
Employee service share-based compensation, nonvested awards, compensation expense not yet recognized, period for recognition	2 years 8 months 12 days
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation, nonvested awards, compensation expense not yet recognized, stock-based awards other than options	$ 12,302
Employee service share-based compensation, nonvested awards, compensation expense not yet recognized, period for recognition	2 years 1 month 6 days

Other Current Assets, Net (Deta

Other Current Assets, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 25, 2023	Mar. 26, 2023	Dec. 25, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Prepaid expenses	$ 32,186		$ 26,674
Deferred gift card sales commissions	12,650	$ 13,520	18,081	$ 12,694	$ 13,403	$ 17,755
Other current assets, net	7,551		5,404
Total other current assets, net	108,211		153,002
Accounts receivable - gift cards, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	13,861		67,424
Accounts receivable - vendors, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	19,298		13,648
Accounts receivable - franchisees, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	3,321		3,671
Accounts receivable - other, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	$ 19,344		$ 18,100

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Details) - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 25, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment charges	$ 0	$ 0
Impairment of intangible assets, indefinite-lived (excluding goodwill)	$ 0	$ 0

Accrued and Other Current Lia_3

Accrued and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accrued payroll and other compensation	$ 78,729	$ 98,903
Accrued insurance	17,434	19,310
Other current liabilities	114,494	137,601
Accrued and other current liabilities	$ 210,657	$ 255,814

Long-term Debt, Net (Schedule o

Long-term Debt, Net (Schedule of Long-term Debt, Net) (Details) - USD ($) $ in Thousands			6 Months Ended
		Feb. 29, 2024	Jun. 30, 2024		Dec. 31, 2023	Jun. 25, 2023
Debt Instrument [Line Items]
Less: unamortized debt discount and issuance costs			$ (3,742)	[1]	$ (5,067)
Long-term debt, net			1,001,982		780,719
Secured debt | Revolving credit facility | Senior secured credit facility - revolving credit facility
Debt Instrument [Line Items]
Senior secured credit facility - revolving credit facility			$ 685,000		$ 381,000
Debt instrument, effective interest rate	[2]		6.96%		6.96%
Convertible debt | 2025 Notes
Debt Instrument [Line Items]
Long-term debt, gross			$ 20,724	[1]	$ 104,786
Debt instrument, effective interest rate			5.85%			5.85%
Debt instrument, interest rate, stated percentage		5%	5%		5%
2025 Notes repurchase amount		$ 83,600	$ 83,600
Write off of deferred debt issuance cost			800
Unsecured debt | 2029 Notes
Debt Instrument [Line Items]
Long-term debt, gross			$ 300,000		$ 300,000
Debt instrument, interest rate, stated percentage			5.13%		5.13%
[1] During the twenty-six weeks ended June 30, 2024, the Company repurchased $83.6 million of the 2025 Notes and as a result, wrote off $0.8 million of debt issuance costs. See Note 10 - Convertible Senior Notes for additional details. Interest rate represents the weighted average interest rate as of the respective periods.

Convertible Senior Notes (Conve

Convertible Senior Notes (Convertible Notes Text) (Details) $ / shares in Units, shares in Thousands			3 Months Ended		6 Months Ended
	May 31, 2024 USD ($) $ / shares shares	Feb. 29, 2024 USD ($) shares	Jun. 30, 2024 USD ($)	Jun. 25, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 25, 2023 USD ($)	Dec. 31, 2023
Debt Instrument [Line Items]
Repayments of convertible senior notes					$ 2,335,000	$ 214,000
Loss on extinguishment of debt			$ 0	$ 0	(135,797,000)	$ 0
Issuance of common stock from repurchase of convertible senior notes, value					216,152,000
Additional paid-in capital
Debt Instrument [Line Items]
Issuance of common stock from repurchase of convertible senior notes, value					$ 216,078,000
Convertible debt | 2025 Notes
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		5%	5%		5%		5%
Issuance of common stock from repurchase of convertible senior notes (in shares) | shares		7,500
Repayments of convertible senior notes		$ 3,300,000
2025 Notes repurchase amount		$ 83,600,000			$ 83,600,000
Loss on extinguishment of debt					135,800,000
Debt instrument, convertible, conversion price (in USD per share) | $ / shares	$ 10.94
Debt instrument, convertible, conversion ratio	91.403
Debt instrument, convertible principal amount	$ 1,000
Debt conversion, converted instrument, shares to be issued (in shares) | shares	1,894
Convertible debt | 2025 Notes | Additional paid-in capital
Debt Instrument [Line Items]
Issuance of common stock from repurchase of convertible senior notes, value					$ 216,100,000

Convertible Senior Notes (Con_2

Convertible Senior Notes (Convertible Senior Notes Balances) (Details) - 2025 Notes - Convertible debt - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024		Dec. 31, 2023
Debt Instrument [Line Items]
Principal	$ 20,724		$ 104,786
Less: unamortized debt issuance costs	(138)	[1]	(1,138)
Net carrying amount	20,586		$ 103,648
Write off of deferred debt issuance cost	$ 800
[1] During the twenty-six weeks ended June 30, 2024, the Company wrote off $0.8 million of debt issuance costs as a result of the 2025 Notes Partial Repurchase.

Convertible Senior Notes (Con_3

Convertible Senior Notes (Convertible Senior Notes Interest Expense) (Details) - 2025 Notes - Convertible debt - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 25, 2023	Jun. 30, 2024	Jun. 25, 2023
Debt Instrument [Line Items]
Coupon interest		$ 259	$ 1,310	$ 1,265	$ 2,622
Debt issuance cost amortization		40	198	198	394
Total interest expense	[1]	$ 299	$ 1,508	$ 1,463	$ 3,016
Debt instrument, effective interest rate		5.85%	5.85%	5.85%	5.85%
[1] The effective rate of the 2025 Notes over their expected life is 5.85%. The decrease in interest expense during the thirteen and twenty-six weeks ended June 30, 2024 relates to the 2025 Notes Partial Repurchase in February 2024.

Convertible Senior Notes (Con_4

Convertible Senior Notes (Convertible Notes Hedge Transactions) (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions		3 Months Ended	6 Months Ended
	Feb. 29, 2024	Jun. 30, 2024	Jun. 30, 2024	Jun. 25, 2023	May 31, 2024
Debt Instrument [Line Items]
Proceeds from retirement of convertible senior note hedges			$ 118,197	$ 0
Payments for retirement of warrants			102,213	$ 0
Retirement of convertible senior note hedges			(118,197)
Retirement of warrants			102,213
Additional paid-in capital
Debt Instrument [Line Items]
Retirement of convertible senior note hedges			(126,543)
Retirement of warrants			102,213
Accumulated deficit
Debt Instrument [Line Items]
Retirement of convertible senior note hedges			8,343
Convertible debt | 2025 Notes
Debt Instrument [Line Items]
Proceeds from retirement of convertible senior note hedges	$ 118,200
Proceeds (in shares) from retirement of convertible senior note hedges	0.3
Payments for retirement of warrants	$ 102,200
Class of warrant or right, exercise price of warrants or rights					$ 15.32
Convertible debt | 2025 Notes | Additional paid-in capital
Debt Instrument [Line Items]
Retirement of convertible senior note hedges		$ 126,500
Retirement of warrants		$ (102,200)
Convertible debt | 2025 Notes | Accumulated deficit
Debt Instrument [Line Items]
Adjustments to accumulated deficit, retirement of convertible senior note hedges, value			$ 8,300

Stockholders' Equity (Share Rep

Stockholders' Equity (Share Repurchases) (Details) - USD ($) $ / shares in Units, shares in Thousands

1 Months Ended

3 Months Ended

6 Months Ended

Mar. 04, 2024

Feb. 13, 2024

Aug. 02, 2024

Jun. 30, 2024

Mar. 31, 2024

Jun. 25, 2023

Jun. 30, 2024

Jun. 25, 2023

Apr. 23, 2024

Mar. 01, 2024

Share Repurchase Program [Line Items]

Repurchase and retirement of common stock, including excise tax

$ 15,151,000

$ 15,570,000

$ 248,054,000

$ 36,232,000

Accumulated deficit

Share Repurchase Program [Line Items]

Repurchase and retirement of common stock, including excise tax

53,449,000

$ 15,564,000

242,283,000

$ 36,217,000

Additional paid-in capital

Share Repurchase Program [Line Items]

Repurchase and retirement of common stock, including excise tax

(38,319,000)

5,681,000

March 1, 2024

Share Repurchase Program [Line Items]

Stock repurchase program, authorized amount

$ 220,000,000

Repurchase and retirement of common stock, including excise tax

$ 220,000,000

44,000,000

Repurchase and retirement of common stock (in shares)

6,500

Initial shares delivered under ASR agreement percentage

80%

Accelerated share repurchases, settlement receipt

1,400

March 1, 2024 | Accumulated deficit

Share Repurchase Program [Line Items]

Repurchase and retirement of common stock, including excise tax

(38,300,000)

$ (176,000,000)

March 1, 2024 | Additional paid-in capital

Share Repurchase Program [Line Items]

Repurchase and retirement of common stock, including excise tax

38,300,000

44,000,000

Accelerated share repurchases, fees

$ 400,000

2023 share repurchase program

Share Repurchase Program [Line Items]

Stock repurchase program, authorized repurchase amount canceled

$ 57,500,000

2024 share repurchase program

Share Repurchase Program [Line Items]

Stock repurchase program, authorized amount

$ 350,000,000

Repurchase and retirement of common stock, including excise tax

[1]

$ 59,000,000

Repurchase and retirement of common stock (in shares)

2,156

Stock repurchase program, remaining authorized repurchase amount

$ 115,000,000

115,000,000

Stock repurchase program, average price paid (in USD per share)

$ 27.36

2024 share repurchase program | Subsequent event

Share Repurchase Program [Line Items]

Repurchase and retirement of common stock, including excise tax

$ 15,600,000

Repurchase and retirement of common stock (in shares)

823

2023 and 2024 share repurchase programs

Share Repurchase Program [Line Items]

Repurchase and retirement of common stock, including excise tax

$ 188,500,000

$ 247,500,000

[2]

Repurchase and retirement of common stock (in shares)

6,948

9,104

[2]

Stock repurchase program, average price paid (in USD per share)

$ 27.13

$ 27.18

[2]

[1] Includes $44.0 million of share repurchases in connection with the ASR Agreement that settled during the thirteen weeks ended June 30, 2024. Excludes $0.4 million of fees recorded in Accumulated deficit related to repurchases under the ASR Agreement. Subsequent to June 30, 2024, the Company repurchased 823 thousand shares of its common stock for $15.6 million under the 2024 Share Repurchase Program through August 2, 2024 under a Rule 10b5-1 plan.

Stockholders' Equity (Dividend)

Stockholders' Equity (Dividend) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended			6 Months Ended
	Jul. 31, 2024	Jun. 30, 2024	Mar. 31, 2024	Jun. 25, 2023	Jun. 30, 2024	Jun. 25, 2023
Dividends payable [Line Items]
Common stock, dividends, cash paid (in USD per share)		$ 0.24	$ 0.24		$ 0.48
Dividends, common stock, cash		$ 20,762	$ 21,075	$ 20,990	$ 41,837	$ 42,004
Common stock, dividends declared (in USD per share)		$ 0.24		$ 0.24	$ 0.48	$ 0.48
Subsequent event
Dividends payable [Line Items]
Common stock, dividends declared (in USD per share)	$ 0.24
Dividends payable, date to be paid	Sep. 04, 2024
Dividends payable, date of record	Aug. 20, 2024

Stockholders' Equity (AOCL - Ta

Stockholders' Equity (AOCL - Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accumulated other comprehensive loss [Line Items]
Accumulated other comprehensive loss	$ (188,606)	$ (178,304)
Foreign currency translation adjustment
Accumulated other comprehensive loss [Line Items]
Accumulated other comprehensive loss	(189,478)	(177,689)
Unrealized gain (loss) on derivatives, net of tax
Accumulated other comprehensive loss [Line Items]
Accumulated other comprehensive loss	$ 872	$ (615)

Stockholders' Equity (Other Com

Stockholders' Equity (Other Comprehensive (Loss) Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 25, 2023	Jun. 30, 2024	Jun. 25, 2023
Other comprehensive (loss) income [Line Items]
Gain on derivatives, net of tax	$ 330	$ 0	$ 1,487	$ 0
Other comprehensive (loss) income attributable to Bloomin’ Brands	(9,528)	4,502	(10,302)	3,368
Bloomin' Brands
Other comprehensive (loss) income [Line Items]
Foreign currency translation adjustment	(9,858)	4,502	(11,789)	3,368
Change in fair value of derivatives, net of tax	898	0	2,333	0
Reclassification realized in Net income (loss), net of tax	(568)	0	(846)	0
Gain on derivatives, net of tax	330	0	1,487	0
Other comprehensive (loss) income attributable to Bloomin’ Brands	$ (9,528)	$ 4,502	$ (10,302)	$ 3,368

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Designated Hedges - Text) (Details)		6 Months Ended
	Mar. 05, 2024 USD ($) counterparty	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 05, 2023 USD ($)
Adjusted term SOFR | Amended credit agreement | Secured debt
Derivative [Line Items]
Debt instrument, basis spread on variable rate	0.10%
Base rate | Revolving credit facility | Secured debt | Minimum
Derivative [Line Items]
Debt instrument, basis spread on variable rate	1.50%
Base rate | Revolving credit facility | Secured debt | Maximum
Derivative [Line Items]
Debt instrument, basis spread on variable rate	2.50%
Interest rate swap | Designated as hedging instrument
Derivative [Line Items]
Derivative, number of instruments held | counterparty	11
Derivative agreements, number of counterparties | counterparty	10
Derivative, notional amount	$ 375,000,000
Derivative, embedded floor interest rate	(0.10%)
Derivative, net liability position, aggregate fair value			$ 800,000
Derivative, termination value			$ 800,000
Interest rate swap | Designated as hedging instrument | Interest income
Derivative [Line Items]
Cash flow hedge loss to be reclassified through maturity		$ 1,600,000
Interest rate swap | Designated as hedging instrument | One-year
Derivative [Line Items]
Derivative, notional amount				$ 100,000,000
Derivative, term of contract	1 year
Interest rate swap | Designated as hedging instrument | Two-year
Derivative [Line Items]
Derivative, notional amount	$ 175,000,000			$ 100,000,000
Derivative, term of contract	2 years

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Schedule of Derivative Instruments) (Details) - Interest rate swap - Designated as hedging instrument - USD ($)		Mar. 05, 2024	Dec. 05, 2023
Derivative [Line Items]
Derivative, notional amount		$ 375,000,000
Derivative, average fixed interest rate	[1]	4.52%
One-year
Derivative [Line Items]
Derivative, notional amount			$ 100,000,000
Derivative, average fixed interest rate	[1]		4.92%
Derivative, inception date			Dec. 29, 2023
Derivative, maturity date			Dec. 31, 2024
Two-year
Derivative [Line Items]
Derivative, notional amount		$ 175,000,000	$ 100,000,000
Derivative, average fixed interest rate	[1]	4.40%	4.34%
Derivative, inception date		Mar. 29, 2024	Dec. 29, 2023
Derivative, maturity date		Mar. 31, 2026	Dec. 31, 2025
[1] The weighted average fixed interest rate excludes the term SOFR adjustment and interest rate spread described below.

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities (Fair Value and Classification of Interest Rate Swaps) (Details) - Interest rate swap - Designated as hedging instrument - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Derivative, interest rate swaps, liabilities, fair value	[1]	$ 420	$ 1,146
Other current assets, net
Derivative [Line Items]
Interest rate derivative assets, at fair value	[1]	1,591	320
Accrued and other current liabilities
Derivative [Line Items]
Derivative, interest rate swaps, liabilities, fair value		0	253
Other long-term liabilities
Derivative [Line Items]
Derivative, interest rate swaps, liabilities, fair value		$ 420	$ 893
[1]See Note 14 - Fair Value Measurements for fair value discussion of the interest rate swaps.

Leases (Lessee, Lease Assets an

Leases (Lessee, Lease Assets and Liabilities) (Details) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease right-of-use assets		$ 1,074,261	$ 1,084,951
Finance lease right-of-use assets	[1]	$ 8,338	$ 9,941
Finance lease, right-of-use asset, statement of financial position [Extensible Enumeration]		Property, fixtures and equipment, net	Property, fixtures and equipment, net
Total lease assets, net		$ 1,082,599	$ 1,094,892
Current operating lease liabilities		169,397	175,442
Current finance lease liabilities		$ 2,437	$ 3,197
Finance lease, liability, current, statement of financial position [Extensible Enumeration]		Accrued and other current liabilities	Accrued and other current liabilities
Non-current operating lease liabilities		$ 1,134,464	$ 1,131,639
Non-current finance lease liabilities		$ 6,725	$ 7,414
Finance lease, liability, noncurrent, statement of financial position [Extensible Enumeration]		Other long-term liabilities, net	Other long-term liabilities, net
Total lease liabilities		$ 1,313,023	$ 1,317,692
Accumulated amortization		$ (6,100)	$ (4,700)
[1] Net of accumulated amortization of $6.1 million and $4.7 million as of June 30, 2024 and December 31, 2023, respectively.

Leases (Lessee, Lease Costs) (D

Leases (Lessee, Lease Costs) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 25, 2023	Jun. 30, 2024	Jun. 25, 2023
Schedule of Lease Costs [Line Items]
Operating lease cost	[1]	$ 45,131	$ 46,237	$ 90,935	$ 91,984
Variable lease cost		2,222	1,629	4,782	3,353
Amortization of leased assets		779	549	1,567	1,037
Interest on lease liabilities		188	174	390	310
Sublease revenue		(1,845)	(1,635)	(3,593)	(3,343)
Lease costs, net		46,475	46,954	94,081	93,341
General and administrative expense
Schedule of Lease Costs [Line Items]
Operating lease cost		$ 3,700	$ 3,000	$ 7,200	$ 6,000
[1] Excludes rent expense for office facilities and Company-owned closed or subleased properties of $3.7 million and $3.0 million for the thirteen weeks ended June 30, 2024 and June 25, 2023, respectively, and $7.2 million and $6.0 million for the twenty-six weeks ended June 30, 2024 and June 25, 2023, respectively, which is included in General and administrative expense.

Leases (Other Information) (Det

Leases (Other Information) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 25, 2023
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 99,566	$ 97,804

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Measurements on a Recurring Basis - Table) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, current, statement of financial position [Extensible Enumeration]	Other current assets, net	Other current assets, net
Derivative liability, current, statement of financial position [Extensible Enumeration]	Accrued and other current liabilities	Accrued and other current liabilities
Derivative liability, noncurrent, statement of financial position [Extensible Enumeration]	Other long-term liabilities, net	Other long-term liabilities, net
Fair value, measurements, recurring | Carrying value measurement
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	$ 39,888	$ 27,094
Liabilities, fair value disclosure	420	1,146
Fair value, measurements, recurring | Carrying value measurement | Interest rate swap
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, current	1,591	320
Derivative instruments - interest rate swaps, current liabilities	0	253
Derivative instruments - interest rate swaps, other long-term liabilities	420	893
Fair value, inputs, level 1 | Fair value, measurements, recurring
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	38,297	26,774
Liabilities, fair value disclosure	0	0
Fair value, inputs, level 1 | Fair value, measurements, recurring | Interest rate swap
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, current	0	0
Derivative instruments - interest rate swaps, current liabilities	0	0
Derivative instruments - interest rate swaps, other long-term liabilities	0	0
Fair value, inputs, level 2 | Fair value, measurements, recurring
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	1,591	320
Liabilities, fair value disclosure	420	1,146
Fair value, inputs, level 2 | Fair value, measurements, recurring | Interest rate swap
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, current	1,591	320
Derivative instruments - interest rate swaps, current liabilities	0	253
Derivative instruments - interest rate swaps, other long-term liabilities	420	893
Fixed income funds | Fair value, measurements, recurring | Carrying value measurement
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	22,305	12,837
Fixed income funds | Fair value, inputs, level 1 | Fair value, measurements, recurring
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	22,305	12,837
Fixed income funds | Fair value, inputs, level 2 | Fair value, measurements, recurring
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	0	0
Money market funds | Fair value, measurements, recurring | Carrying value measurement
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	15,992	11,083
Restricted cash and cash equivalents, fair value disclosure	0	2,854
Money market funds | Fair value, inputs, level 1 | Fair value, measurements, recurring
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	15,992	11,083
Restricted cash and cash equivalents, fair value disclosure	0	2,854
Money market funds | Fair value, inputs, level 2 | Fair value, measurements, recurring
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	0	0
Restricted cash and cash equivalents, fair value disclosure	$ 0	$ 0

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying Value and Fair Value of Debt by Hierarchy Level) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Secured debt | Senior secured credit facility - revolving credit facility | Fair value, inputs, level 2 | Revolving credit facility
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 685,000	$ 381,000
Secured debt | Senior secured credit facility - revolving credit facility | Carrying value measurement | Revolving credit facility
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	685,000	381,000
Convertible debt | 2025 Notes | Fair value, inputs, level 2
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	35,958	265,896
Convertible debt | 2025 Notes | Carrying value measurement
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	20,724	104,786
Unsecured debt | 2029 Notes | Fair value, inputs, level 2
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	270,342	277,809
Unsecured debt | 2029 Notes | Carrying value measurement
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 300,000	$ 300,000

Income Taxes (Change in Effecti

Income Taxes (Change in Effective Rate) (Details) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended		6 Months Ended		7 Months Ended	31 Months Ended
	Jul. 24, 2024	Sep. 30, 2022	Jun. 30, 2024	Jun. 25, 2023	Jun. 30, 2024	Jun. 25, 2023	Dec. 24, 2024	Dec. 31, 2026
Income Tax Holiday [Line Items]
Income (loss) before provision for income taxes			$ 31,329	$ 76,485	$ (40,991)	$ 184,674
Provision for income taxes			$ 1,698	$ 6,483	$ 11,668	$ 21,244
Effective income tax rate			5.40%	8.50%	(28.50%)	11.50%
Change in effective income tax rate			3.10%
Blended federal and state statutory income tax rate			26%	26%	26%	26%
BRAZIL | Secretariat of the Federal Revenue Bureau of Brazil
Income Tax Holiday [Line Items]
Effective income tax rate reconciliation, at federal statutory income tax rate, percent		34%
BRAZIL | Secretariat of the Federal Revenue Bureau of Brazil | Subsequent event
Income Tax Holiday [Line Items]
Payments for other deposits	$ 42,900
Brazilian tax legislation | BRAZIL | Secretariat of the Federal Revenue Bureau of Brazil
Income Tax Holiday [Line Items]
Effective income tax rate reconciliation, tax holiday, percent		100%
Effective income tax rate reconciliation, at federal statutory income tax rate, percent		0%
Brazilian tax legislation | BRAZIL | Secretariat of the Federal Revenue Bureau of Brazil | Forecast
Income Tax Holiday [Line Items]
Effective income tax rate reconciliation, tax holiday, percent							100%	100%

Commitments and Contingencies (

Commitments and Contingencies (Litigation and Other Matters) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Estimated litigation liability	$ 5.4	$ 13.3

Commitments and Contingencies_2

Commitments and Contingencies (Lease Guarantees) (Details) - Property lease guarantee - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Loss Contingencies [Line Items]
Guarantor obligations, maximum exposure, undiscounted	$ 12.3
Guarantee obligations, maximum exposure at present value	9.8
Lease guarantee contingent liabilities	$ 2.3	$ 5.3

Segment Reporting (Revenue, Dep

Segment Reporting (Revenue, Depreciation and Operating Income by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 25, 2023	Jun. 30, 2024	Jun. 25, 2023
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	$ 1,118,866	$ 1,152,694	$ 2,314,193	$ 2,397,440
Depreciation and amortization	49,525	47,565	98,807	93,867
Income (loss) from operations	46,131	89,446	123,224	210,079
Corporate, non-segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	0	0	0	0
Depreciation and amortization	2,214	2,064	4,267	4,284
Income (loss) from operations	(32,672)	(34,048)	(68,825)	(71,166)
U.S. segment | Operating segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	974,173	1,005,229	2,017,277	2,098,225
Depreciation and amortization	40,616	39,375	80,584	77,538
Income (loss) from operations	79,677	103,008	177,161	236,251
International segment | Operating segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	144,693	147,465	296,916	299,215
Depreciation and amortization	6,695	6,126	13,956	12,045
Income (loss) from operations	$ (874)	$ 20,486	$ 14,888	$ 44,994

Segment Reporting (Income (Loss

Segment Reporting (Income (Loss) from Operations Reconciliation) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 25, 2023	Jun. 30, 2024	Jun. 25, 2023
Segment Reporting [Abstract]
Income from operations	$ 46,131	$ 89,446	$ 123,224	$ 210,079
Loss on extinguishment of debt	0	0	(135,797)	0
Interest expense, net	(14,802)	(12,961)	(28,418)	(25,405)
Income (loss) before provision for income taxes	$ 31,329	$ 76,485	$ (40,991)	$ 184,674