Item 2. Properties
Item 2. Properties
We had 1,463 system-wide restaurants located across 46 states, Guam and 12 countries as of December 29, 2024. The following is a summary of our restaurant locations by country and territory as of December 29, 2024:
COMPANY-OWNED FRANCHISED
United States 970 United States 146
Other - Hong Kong 10 International
Discontinued Operations - Brazil (1)
192 Argentina 3 Japan 9
Australia 8 Mexico 4
Canada 3 Qatar 7
Costa Rica 2 Saudi Arabia 11
Dominican Republic 1 South Korea 96
Guam 1
Total international franchised 145
Total Company-owned 1,172 Total franchised 291
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(1) The restaurant count for Brazil is reported as of November 30, 2024 to correspond with the balance sheet date of this subsidiary. Subsequent to December 29, 2024, we completed the sale of the majority ownership of our Brazil operations and all restaurants in that market now operate as unconsolidated franchisees.
We lease substantially all of our restaurant properties from third parties. As of December 29, 2024, our Company-owned restaurants were located on the following sites by segment:
U.S. OTHER
DISCONTINUED OPERATIONS
TOTAL PERCENTAGE OF TOTAL
Company-owned sites 23 — 23 2 %
Leased sites:
Land, ground and building leases 677 — 1 678 58 %
Space and in-line leases 270 10 191 471 40 %
Total Company-owned restaurant sites 970 10 192 1,172 100 %
We also lease corporate offices in Tampa, Florida and, through the date of the Brazil Sale Transaction, in São Paulo, Brazil.
Item 3. Legal Proceedings
For a description of our legal proceedings, see Note 18 - Commitments and Contingencies of the Notes to Consolidated Financial Statements of this Report.
Item 4. Mine Safety Disclosures
Not applicable.
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Table of Contents
BLOOMIN’ BRANDS, INC.
PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.