What changed in this filing

/stocks — the workspaceLOADING

Item 1. Financial Statements

2026-05-07 compared with 2025-11-06 · 220 added, 457 removed, 408 unchanged (62% of the section changed)

2 unchanged sentences

(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)

SEPTEMBER 28, 2025 DECEMBER 29, 2024

MARCH 29, 2026 DECEMBER 28, 2025

Current assets

2 unchanged sentences

Other current assets, net 84,305 148,691

Current assets of discontinued operations held for sale — 22,989

Total current assets 208,804 269,638

6 unchanged sentences

Other assets, net 111,049 111,293

Non-current assets of discontinued operations held for sale — 200,501

Total assets $ 3,114,432 $ 3,171,907

5 unchanged sentences

Unearned revenue 321,388 377,933

Current liabilities of discontinued operations held for sale — 87,956

Total current liabilities 799,879 878,646

3 unchanged sentences

Other long-term liabilities, net 110,218 113,282

Non-current liabilities of discontinued operations held for sale — 49,865

Total liabilities 2,715,665 2,834,742

3 unchanged sentences

Preferred stock, $ 0.01 par value, 25,000,000 shares authorized;

no shares issued and outstanding as of September 28, 2025 and December 29, 2024

no shares issued and outstanding as of March 29, 2026 and December 28, 2025

Common stock, $ 0.01 par value, 475,000,000 shares authorized;

85,166,769 and 84,854,768 shares issued and outstanding as of September 28, 2025 and December 29, 2024, respectively

85,408,968 and 85,221,767 shares issued and outstanding as of March 29, 2026 and December 28, 2025, respectively

Additional paid-in capital 1,243,290 1,241,239

Accumulated deficit ( 861,943 ) ( 917,597 )

Accumulated other comprehensive income (loss) 7,680 ( 212,793 )

Accumulated other comprehensive income 13,326 9,108

Total Bloomin’ Brands stockholders’ equity 395,527 333,602

4 unchanged sentences

BLOOMIN’ BRANDS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(IN THOUSANDS, EXCEPT PER SHARE DATA, UNAUDITED)

THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED

SEPTEMBER 28, 2025 SEPTEMBER 29, 2024 SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

THIRTEEN WEEKS ENDED

MARCH 29, 2026 MARCH 30, 2025

Restaurant sales $ 1,041,826 $ 1,029,517

9 unchanged sentences

Total costs and expenses 1,000,570 992,363

(Loss) income from operations ( 36,420 ) 8,642 50,461 123,611

Loss on extinguishment of debt — ( 225 ) — ( 136,022 )

Income from operations 59,103 57,231

Interest expense, net ( 12,412 ) ( 11,187 )

(Loss) income before (benefit) provision for income taxes ( 47,532 ) ( 8,066 ) 17,463 ( 57,866 )

Income before (benefit) provision for income taxes 46,691 46,044

(Benefit) provision for income taxes ( 10,291 ) 903

Loss from equity method investment, net of tax ( 178 ) ( 1,291 )

Net (loss) income from continuing operations ( 45,465 ) ( 36 ) 24,278 ( 59,258 )

Net income from discontinued operations, net of tax 189 7,577 714 14,140

Net (loss) income ( 45,276 ) 7,541 24,992 ( 45,118 )

Net income from continuing operations 56,804 43,850

Income (loss) from discontinued operations, net of tax 432 ( 254 )

Net income 57,236 43,596

net income attributable to noncontrolling interests 1,582 1,444

Net (loss) income attributable to Bloomin’ Brands

Net income attributable to Bloomin’ Brands

$ 55,654 $ 42,152

Net (loss) income $ ( 45,276 ) $ 7,541 $ 24,992 $ ( 45,118 )

Other comprehensive (loss) income:

Foreign currency translation adjustment 3,367 ( 11,849 ) 2,745 ( 23,638 )

Net income $ 57,236 $ 43,596

Other comprehensive income:

Foreign currency translation adjustments 2,570 ( 2,353 )

Reclassification of foreign currency translation adjustments into earnings due to sale of business — 217,548

Net gain (loss) on derivatives, net of tax 1,648 ( 177 )

Comprehensive (loss) income ( 41,842 ) ( 7,782 ) 245,465 ( 70,743 )

Comprehensive income 61,454 258,614

comprehensive income attributable to noncontrolling interests 1,582 1,444

Comprehensive (loss) income attributable to Bloomin’ Brands $ ( 42,425 ) $ ( 8,411 ) $ 242,185 $ ( 74,182 )

Basic (loss) earnings per share:

Comprehensive income attributable to Bloomin’ Brands $ 59,872 $ 257,170

Basic earnings per share:

Continuing operations $ 0.65 $ 0.50

Discontinued operations 0.01 —

Net basic (loss) earnings per share $ ( 0.54 ) $ 0.08 $ 0.26 $ ( 0.56 )

Diluted (loss) earnings per share:

Net basic earnings per share $ 0.65 $ 0.50

Diluted earnings per share:

Continuing operations $ 0.64 $ 0.50

Discontinued operations 0.01 —

Net diluted (loss) earnings per share $ ( 0.54 ) $ 0.08 $ 0.25 $ ( 0.56 )

Net diluted earnings per share $ 0.65 $ 0.50

Weighted average common shares outstanding:

9 unchanged sentences

ULATED DEFICIT ACCUMULATED OTHER

COMPREHENSIVE INCOME (LOSS) NON-CONTROLLING INTERESTS TOTAL

COMPREHENSIVE INCOME NON-CONTROLLING INTERESTS TOTAL

SHARES AMOUNT

June 29, 2025 85,062 $ 851 $ 1,250,403 $ ( 858,263 ) $ 4,246 $ 4,057 $ 401,294

Net (loss) income — — — ( 45,859 ) — 583 ( 45,276 )

Other comprehensive income, net of tax — — — — 3,434 — 3,434

Cash dividends declared, $ 0.15 per common share

— — ( 12,760 ) — — — ( 12,760 )

Stock-based compensation — — 2,353 — — — 2,353

Common stock issued under stock plans (1) 105 1 ( 318 ) — — — ( 317 )

Distributions to noncontrolling interests — — — — — ( 986 ) ( 986 )

Contributions from noncontrolling interests — — — — — 265 265

September 28, 2025 85,167 $ 852 $ 1,239,678 $ ( 904,122 ) $ 7,680 $ 3,919 $ 348,007

December 28, 2025 85,222 $ 852 $ 1,241,239 $ ( 917,597 ) $ 9,108 $ 3,563 $ 337,165

1 unchanged sentence

Other comprehensive income, net of tax — — — — 4,218 — 4,218

Cash dividends declared, $ 0.45 per common share

— — ( 38,266 ) — — — ( 38,266 )

Stock-based compensation — — 2,670 — — — 2,670

2 unchanged sentences

Contributions from noncontrolling interests — — — — — 34 34

Retirement of warrants — — ( 399 ) — — — ( 399 )

September 28, 2025 85,167 $ 852 $ 1,239,678 $ ( 904,122 ) $ 7,680 $ 3,919 $ 348,007

(CONTINUED...)

BLOOMIN’ BRANDS, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

(IN THOUSANDS, EXCEPT PER SHARE DATA, UNAUDITED)

March 29, 2026 85,409 $ 854 $ 1,243,290 $ ( 861,943 ) $ 13,326 $ 3,240 $ 398,767

BLOOMIN’ BRANDS, INC.

1 unchanged sentence

ULATED DEFICIT ACCUMULATED OTHER

COMPREHENSIVE LOSS NON-CONTROLLING INTERESTS TOTAL

COMPREHENSIVE (LOSS) INCOME NON-CONTROLLING INTERESTS TOTAL

SHARES AMOUNT

June 30, 2024 85,776 $ 858 $ 1,309,482 $ ( 834,926 ) $ ( 188,606 ) $ 2,885 $ 289,693

Net income — — — 6,912 — 629 7,541

Other comprehensive loss, net of tax — — — — ( 15,323 ) — ( 15,323 )

Cash dividends declared, $ 0.24 per common share

— — ( 20,375 ) — — — ( 20,375 )

Repurchase and retirement of common stock, including excise tax of $ 177

( 969 ) ( 10 ) — ( 18,362 ) — — ( 18,372 )

Stock-based compensation — — 2,360 — — — 2,360

Common stock issued under stock plans (1) 23 — 109 — — — 109

Distributions to noncontrolling interests — — — — — ( 1,082 ) ( 1,082 )

Contributions from noncontrolling interests — — — — — 420 420

September 29, 2024 84,830 $ 848 $ 1,291,576 $ ( 846,376 ) $ ( 203,929 ) $ 2,852 $ 244,971

December 29, 2024 84,855 $ 849 $ 1,273,288 $ ( 925,834 ) $ ( 212,793 ) $ 3,936 $ 139,446

Net (loss) income — — — ( 48,557 ) — 3,439 ( 45,118 )

Other comprehensive loss, net of tax — — — — ( 25,625 ) — ( 25,625 )

Net income — — — 42,152 — 1,444 43,596

Other comprehensive income, net of tax — — — — 215,018 — 215,018

Cash dividends declared, $ 0.15 per common share

— — ( 12,747 ) — — — ( 12,747 )

Repurchase and retirement of common stock, including excise tax of $ 328

( 10,073 ) ( 100 ) ( 5,681 ) ( 260,645 ) — — ( 266,426 )

Stock-based compensation — — 1,229 — — — 1,229

2 unchanged sentences

Contributions from noncontrolling interests — — — — — 673 673

Issuance of common stock from repurchase of convertible senior notes 7,489 74 216,078 — — — 216,152

Retirement of convertible senior note hedges ( 289 ) ( 3 ) 126,543 ( 8,343 ) — — 118,197

Retirement of warrants — — ( 102,213 ) — — — ( 102,213 )

September 29, 2024 84,830 $ 848 $ 1,291,576 $ ( 846,376 ) $ ( 203,929 ) $ 2,852 $ 244,971

March 30, 2025 84,987 $ 850 $ 1,261,204 $ ( 883,682 ) $ 2,225 $ 4,253 $ 384,850

________________

4 unchanged sentences

(IN THOUSANDS, UNAUDITED)

THIRTY-NINE WEEKS ENDED

SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

THIRTEEN WEEKS ENDED

MARCH 29, 2026 MARCH 30, 2025

Cash flows provided by operating activities:

Net income (loss) $ 24,992 $ ( 45,118 )

Net income from discontinued operations, net of tax 714 14,140

Net income (loss) from continuing operations 24,278 ( 59,258 )

Adjustments to reconcile Net income (loss) from continuing operations to cash provided by operating activities of continuing operations:

Net income $ 57,236 $ 43,596

Income (loss) from discontinued operations, net of tax 432 ( 254 )

Net income from continuing operations 56,804 43,850

Adjustments to reconcile Net income from continuing operations to cash provided by operating activities of continuing operations:

Depreciation and amortization 46,296 43,947

2 unchanged sentences

Stock-based compensation expense 2,670 1,229

Deferred income tax expense (benefit) 2,286 ( 17,623 )

Loss on extinguishment of debt — 136,022

Deferred income tax expense — 2,292

Loss on foreign currency forward contracts — 10,250

4 unchanged sentences

Net cash provided by operating activities of continuing operations 75,409 70,840

Net cash provided by (used in) operating activities of discontinued operations 2,385 ( 6,161 )

Net cash (used in) provided by operating activities of discontinued operations ( 110 ) 2,625

Net cash provided by operating activities $ 75,299 $ 73,465

Cash flows used in investing activities:

Cash flows (used in) provided by investing activities:

Capital expenditures $ ( 25,182 ) $ ( 45,771 )

2 unchanged sentences

Other investments, net — 1,149

Net cash used in investing activities of continuing operations ( 48,364 ) ( 165,523 )

Net cash (used in) provided by investing activities of continuing operations ( 25,182 ) 41,356

Net cash used in investing activities of discontinued operations — ( 1,623 )

Net cash used in investing activities $ ( 49,987 ) $ ( 196,476 )

(CONTINUED...)

BLOOMIN’ BRANDS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(IN THOUSANDS, UNAUDITED)

THIRTY-NINE WEEKS ENDED

SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

Cash flows (used in) provided by financing activities:

Net cash (used in) provided by investing activities $ ( 25,182 ) $ 39,733

Cash flows used in financing activities:

Proceeds from borrowings on revolving credit facilities $ 250,000 $ 385,000

Repayments of borrowings on revolving credit facilities ( 285,000 ) ( 495,000 )

Financing fees — ( 6,945 )

Repayments of finance lease obligations ( 721 ) ( 636 )

Principal settlements and repurchase of convertible senior notes ( 20,724 ) ( 2,335 )

Proceeds from retirement of convertible senior note hedges — 118,197

Payments for retirement of warrants ( 399 ) ( 102,213 )

Payment of taxes from share-based compensation, net ( 927 ) ( 1,610 )

Payments of taxes from share-based compensation, net ( 617 ) ( 565 )

Distributions to noncontrolling interests ( 1,939 ) ( 1,800 )

Contributions from noncontrolling interests 34 673

Purchase of noncontrolling interests ( 100 ) ( 100 )

Repurchase of common stock — ( 265,695 )

Cash dividends paid on common stock — ( 12,747 )

Net cash (used in) provided by financing activities of continuing operations ( 110,753 ) 66,310

Other — ( 100 )

Net cash used in financing activities of continuing operations ( 38,243 ) ( 125,175 )

Net cash used in financing activities of discontinued operations — ( 65 )

Net cash (used in) provided by financing activities ( 110,818 ) 65,559

Net cash used in financing activities ( 38,243 ) ( 125,240 )

Effect of exchange rate changes on cash and cash equivalents ( 35 ) ( 323 )

Net decrease in cash and cash equivalents ( 3,577 ) ( 30,741 )

Net increase (decrease) in cash and cash equivalents 11,839 ( 12,365 )

Cash and cash equivalents as of the beginning of the period 59,461 70,056

2 unchanged sentences

Cash paid for interest $ 8,287 $ 10,537

Cash paid for income taxes, net of refunds $ 23,787 $ 19,509

Supplemental disclosures of non-cash activities:

Capital expenditures included in current liabilities $ 22,420 $ 23,620

Shares issued on settlement of convertible senior notes $ — $ 216,152

Shares received and retired on exercise of call option under bond hedge upon settlement of convertible senior notes $ — $ ( 8,346 )

Financing fees in accrued liabilities $ — $ 2,040

The accompanying notes are an integral part of these unaudited consolidated financial statements.

3 unchanged sentences

Description of the Business - Bloomin’ Brands, Inc.

(“Bloomin’ Brands” or the “Company”) owns and operates casual, upscale casual and fine dining restaurants.

(“Bloomin’ Brands” or the “Company”), a holding company that conducts its operations through its subsidiaries, is one of the largest casual dining restaurant companies in the world, with a portfolio of leading, differentiated restaurant concepts.

OSI Restaurant Partners, LLC (“OSI”) is the Company’s primary operating entity.

The Company owns and operates casual, polished casual and fine dining restaurants.

The Company’s restaurant portfolio includes Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar.

12 unchanged sentences

Reclassifications - The Company reclassified certain immaterial amounts in prior period financial statements to conform to the current period’s presentation.

These reclassifications had no effect on previously reported Net (loss) income.

Recently Adopted Financial Accounting Standards - Effective June 30, 2025, the Company elected to early adopt ASU No.

2025-05, “Financial Instruments - Credit Losses (Topic 326):

Measurement of Credit Losses for Accounts Receivable and Contract Assets,” (“ASU No.

2025-05”) on a prospective basis.

2025-05 provides a practical expedient permitting an entity to assume that conditions as of the balance sheet date remain unchanged over the life of the asset when estimating expected credit losses for current accounts receivable and current contract assets.

The adoption did not have a material impact on the consolidated financial statements or the related notes.

Recently Issued Financial Accounting Standards Not Yet Adopted - 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.

2023-09 is effective for the Company beginning with the 2025 Form 10-K, with early adoption permitted, and may be applied either prospectively for reporting periods after the effective date or retrospectively to prior periods presented.

The Company will adopt this standard in its 2025 Form 10-K on a prospective basis.

While the adoption is expected to primarily affect income tax disclosures, it is not anticipated to have a material impact on the Company’s consolidated financial statements.

In November 2024, the FASB issued ASU No.

These reclassifications had no effect on previously reported Net income.

Recently Issued Financial Accounting Standards Not Yet Adopted - In November 2024, the FASB issued ASU No.

2024-03, “Income Statement - Reporting Comprehensive Income (Subtopic 220-40):

1 unchanged sentence

2024-03”) which requires detailed disclosures in the notes to financial statements of expense categories within relevant income statement captions including purchases of inventory, employee compensation, depreciation and intangible asset amortization.

2024-03 is effective for the Company beginning with the 2027 Form 10-K, with early adoption permitted, and may

BLOOMIN’ BRANDS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) - Continued

be applied either prospectively for reporting periods after the effective date or retrospectively to prior periods presented.

2024-03 is effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted.

2024-03 may be applied either prospectively for reporting periods after the effective date or retrospectively to prior periods presented.

The Company is currently evaluating the impact ASU No.

1 unchanged sentence

Recent accounting guidance not discussed herein is not applicable, did not have or is not expected to have a material impact to the Company.

Discontinued Operations

On December 30, 2024 (the “Closing Date”), an indirect wholly owned subsidiary of the Company (the “Seller”) completed the sale of 67 % of the ownership interest in its business in Brazil (the “Disposal Group”) to a fund managed by an affiliate of Vinci Partners Investments Ltd.

(the “Buyer”) (the “Brazil Sale Transaction”).

Following the closing, the Brazil restaurants began operating as unconsolidated franchisees.

The aggregate consideration paid to the Seller consisted of 67 % of the enterprise valuation of the Disposal Group in the amount of R$ 2.06 billion Brazilian Reais, which equaled R$ 1.4 billion Brazilian Reais (approximately $ 225.3 million in U.S.

Dollars based on the exchange rate on the Closing Date), subject to customary adjustments, and withholding for Brazilian taxes (the “Purchase Price”).

On December 30, 2024, the Company received cash proceeds, net of withheld income taxes, of $ 103.9 million, in U.S.

dollars based on the exchange rate on the Closing Date, representing 52 % of the Purchase Price.

The proceeds were applied to the Company’s revolving credit facility during the thirteen weeks ended March 30, 2025.

The second installment, representing 48 % of the Purchase Price, is due on or before the first anniversary of the Closing Date (based on the exchange rate on the date of payment) and will generate interest income based on the interbank deposit rate in Brazil until paid.

The sale represents a strategic shift to a primarily franchised model for the Company’s international operations.

The assets and liabilities of the Disposal Group were classified as held for sale on the Company’s Consolidated Balance Sheet as of December 29, 2024.

For the thirteen and thirty-nine weeks ended September 28, 2025 and September 29, 2024, all sales, direct costs and expenses and income taxes attributable to restaurants classified as discontinued operations have been aggregated to a single caption titled Net income from discontinued operations, net of tax, in the Company’s Consolidated Statements of Operations and Comprehensive (Loss) Income for all periods presented.

As of the Closing Date, the fair value of the Company’s retained interest was $ 59.9 million based on the proportional enterprise valuation of the Disposal Group, adjusted for debt used by the Buyer to fund a portion of the Purchase Price and to be pushed down to the operating entity subsequent to the second installment.

See Note 3 - Equity Method Investment for additional details regarding the Company’s retained interest in its Brazil operations.

BLOOMIN’ BRANDS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) - Continued

Net income from discontinued operations, net of tax , in the Company’s Consolidated Statements of Operations and Comprehensive (Loss) Income includes the following for the periods indicated:

THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED

(dollars in thousands) SEPTEMBER 28, 2025 SEPTEMBER 29, 2024 SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

Revenues $ — $ 135,372 $ — $ 393,981

Operating costs and expenses (1) — 126,274 — 376,074

Gain on sale of Brazil business (2) 560 — 5,135 —

Income from operations 560 9,098 5,135 17,907

Provision for income taxes 371 1,521 4,421 3,767

Net income from discontinued operations, net of tax $ 189 $ 7,577 $ 714 $ 14,140

____________________

(1) Includes royalty expense of $ 6.6 million and $ 19.5 million for the thirteen and thirty-nine weeks ended September 29, 2024, respectively, eliminated in consolidation prior to the Brazil Sale Transaction, with the corresponding royalty revenues recorded within Franchise and other revenues from continuing operations in the Company’s Consolidated Statements of Operations and Comprehensive (Loss) Income.

(2) The thirteen and thirty-nine weeks ended September 28, 2025 i nclude $ 0.7 million and $ 3.6 million, respectively, of net foreign currency translation gains on contingent consideration assets and indemnification liabilities, as discussed below.

Contingent Consideration Assets and Indemnification Liabilities - On the Closing Date , the Company recognized contingent consideration assets of $ 29.3 million, primarily judicial deposits, and indemnification liabilities of $ 6.9 million, primarily labor and tax exposures, within Other assets, net and Other long-term liabilities, net, respectively, on the Company’s Consolidated Balance Sheet in connection with the Brazil Sale Transaction.

As of September 28, 2025, the Company’s balance of contingent consideration assets and indemnification liabilities, which are denominated in Brazilian Reais, increased to $ 34.0 million and $ 8.0 million, respectively, as a result of fluctuations in foreign exchange rates.

All post-closing adjustments related to contingent consideration assets and indemnification liabilities will be reflected in discontinued operations.

Equity Method Investment

The Company retained a 33 % interest in the franchisee of the Company’s restaurants in Brazil subsequent to the sale, which is accounted for using the equity method of accounting.

To ensure timely reporting, the Company records the results of the equity method investment in Brazil on a calendar basis one-month lag.

As of September 28, 2025, the carrying value of the Company’s equity method investment was $ 64.7 million and is recorded in Equity method investment on its Consolidated Balance Sheet.

The Company’s proportionate share of net loss from its equity interest was $ 0.3 million and $ 3.4 million for the thirteen and thirty-nine weeks ended September 28, 2025, respectively, and is recorded within Loss from equity method investment, net of tax in the Consolidated Statements of Operations and Comprehensive (Loss) Income.

On December 30, 2024, an indirect wholly owned subsidiary of the Company completed the sale of 67 % of the ownership interest in its business in Brazil to a fund managed by an affiliate of Vinci Partners Investments Ltd.

BLOOMIN’ BRANDS, INC.

1 unchanged sentence

(UNAUDITED) - Continued

“Brazil Sale Transaction”).

Following the closing, the Brazil restaurants began operating as unconsolidated franchisees and the Company retained a 33 % interest, which is accounted for using the equity method of accounting.

To ensure timely reporting, the Company records the results of the equity method investment in Brazil on a calendar basis one-month lag.

Following is a rollforward of the Company’s equity method investment for the periods indicated:

THIRTEEN WEEKS ENDED

(dollars in thousands) MARCH 29, 2026 MARCH 30, 2025

Balance, beginning of the period $ 63,967 $ —

Fair value of retained interest at sale closing date — 59,863

Loss, net of tax ( 178 ) ( 1,291 )

Foreign currency translation adjustment 2,615 3,204

Balance, end of the period $ 66,404 $ 61,776

Revenue Recognition

The following tables include the disaggregation of Restaurant sales and franchise revenues by restaurant concept and segment for the periods indicated:

The following table includes the disaggregation of Restaurant sales and franchise revenues by restaurant concept and segment for the periods indicated:

THIRTEEN WEEKS ENDED

SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

(dollars in thousands) RESTAURANT SALES FRANCHISE REVENUES RESTAURANT SALES FRANCHISE REVENUES

Outback Steakhouse $ 531,165 $ 7,359 $ 518,152 $ 7,542

Carrabba’s Italian Grill 166,007 528 159,840 635

Bonefish Grill 119,976 69 118,941 97

Fleming’s Prime Steakhouse & Wine Bar 85,395 — 78,424 —

Other — — 1,695 30

total 902,543 7,956 877,052 8,304

International Franchise (1) — 7,146 — 9,945

Other (2) 9,377 14 12,732 —

Total $ 911,920 $ 15,116 $ 889,784 $ 18,249

THIRTY-NINE WEEKS ENDED

SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

MARCH 29, 2026 MARCH 30, 2025

(dollars in thousands) RESTAURANT SALES FRANCHISE REVENUES RESTAURANT SALES FRANCHISE REVENUES

3 unchanged sentences

Fleming’s Prime Steakhouse & Wine Bar 106,916 — 102,328 —

Other — — 5,823 86

total 1,032,191 8,665 1,020,130 8,935

3 unchanged sentences

________________

(1) Includes intercompany royalties from Brazil prior to the sale and royalties from Brazil after the sale.

(2) Primarily includes Restaurant sales for Company-owned restaurants in Hong Kong.

(1) The thirteen weeks ended March 30, 2025 includes one additional month of pre-Brazil Sale Transaction intercompany royalties.

(2) Includes Restaurant sales for Company-owned restaurants in Hong Kong.

BLOOMIN’ BRANDS, INC.

1 unchanged sentence

(UNAUDITED) - Continued

Franchise Revenue - Effective December 31, 2023, the Company entered into an Amended & Restated Holistic Resolution Agreement (the “2023 Resolution Agreement”) with Cerca Trova Southwest Restaurant Group, LLC (d/b/a Out West Restaurant Group) and certain of its affiliates (collectively, “Out West”), who currently operate 72 franchised Outback Steakhouse restaurants in the western United States.

The 2023 Resolution Agreement provided for forbearance regarding prior defaults and established operating covenants to maintain such forbearance.

Subsequent to the thirteen weeks ended March 29, 2026, the Company received notice from the agent for Out West’s senior lender that Out West was in default of its separate Credit and Guaranty Agreement, dated as of April 25, 2017 (as amended or otherwise modified from time to time, the "Credit Agreement”) and Forbearance Agreement and Fourth Amendment to Credit and Guaranty Agreement (the “Forbearance Agreement”) with such agent and senior lenders as Out West was no longer in compliance with one or more covenants of such agreements.

The senior agent and lenders have not yet elected to take any specific actions with respect to the default notice and have not yet elected to terminate the Forbearance Agreement, Credit Agreement, or other credit documents.

Out West continues to operate its restaurants in the ordinary course and was current in its obligations to the Company as of March 29, 2026, including payment of royalties and other fees.

If the senior lenders exercise their rights under their forbearance agreement with respect to this default, or the forbearance agreement expires or is terminated, the lenders have a priority right to payment of amounts due and may exercise creditor remedies against Out West, subject to applicable law and loan documents, including foreclosure on Out West’s assets.

At this time, the Company is unable to predict the outcome of this process, possible actions by Out West’s lenders or any alternatives the Company may consider.

The Company is working with Out West and other parties to mitigate potential disruptions and actively evaluating operational, contractual and strategic alternatives to address Out West’s near-term liquidity constraints and longer-term operations.

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) SEPTEMBER 28, 2025 DECEMBER 29, 2024

(dollars in thousands) MARCH 29, 2026 DECEMBER 28, 2025

Other current assets, net

9 unchanged sentences

The following table is a rollforward of deferred gift card sales commissions for the periods indicated:

THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED

(dollars in thousands) SEPTEMBER 28, 2025 SEPTEMBER 29, 2024 SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

THIRTEEN WEEKS ENDED

(dollars in thousands) MARCH 29, 2026 MARCH 30, 2025

Balance, beginning of the period $ 17,155 $ 16,935

3 unchanged sentences

Balance, end of the period $ 13,633 $ 13,127

BLOOMIN’ BRANDS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) - Continued

The following table is a rollforward of unearned gift card revenue for the periods indicated:

THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED

(dollars in thousands) SEPTEMBER 28, 2025 SEPTEMBER 29, 2024 SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

THIRTEEN WEEKS ENDED

(dollars in thousands) MARCH 29, 2026 MARCH 30, 2025

Balance, beginning of the period $ 370,439 $ 366,059

3 unchanged sentences

Balance, end of the period $ 313,425 $ 308,738

BLOOMIN’ BRANDS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) - Continued

Impairments and Exit Costs

The components of Provision for impaired assets and restaurant closings are as follows for the periods indicated:

THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED

(dollars in thousands) SEPTEMBER 28, 2025 SEPTEMBER 29, 2024 SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

Impairment losses

$ 32,455 $ 1,251 $ 38,721 $ 3,103

Other — 17 — 12,488

Total impairment losses $ 32,455 $ 1,268 $ 38,721 $ 15,591

Restaurant closure charges (benefits)

$ 638 $ 615 $ ( 3,032 ) $ 11,834

Other 143 3,714 ( 563 ) 3,729

Total restaurant closure charges (benefits) 781 4,329 ( 3,595 ) 15,563

Provision for impaired assets and restaurant closings (1)

$ 33,236 $ 5,597 $ 35,126 $ 31,154

________________

(1) For the thirteen and thirty-nine weeks ended September 28, 2025, primarily includes charges related to the 2025 Restaurant Closures, defined below, and $ 12.0 million of asset impairment charges related to five underperforming U.S.

For the thirteen and thirty-nine weeks ended September 29, 2024, primarily includes charges related to the Q2 2024 decision to close nine restaurants in Hong Kong and the closure of 36 predominantly older, underperforming U.S.

restaurants (the “2023 Restaurant Closures”).

2025 Restaurant Closures - During the thirteen and thirty-nine weeks ended September 28, 2025, the Company recognized asset impairments and net closure charges in connection with the decision to close 21 U.S.

restaurants and not renew the leases of 22 U.S.

restaurants, the majority of which expire over the next four years (the “2025 Restaurant Closures”).

The closures of the 21 U.S.

restaurants were completed during October 2025 with an estimated $ 5.0 million to $ 7.0 million of related severance and closure charges to be recorded during the thirteen weeks ended December 28, 2025.

Following is a summary of the 2025 Restaurant Closures expenses recognized in the Consolidated Statements of Operations and Comprehensive (Loss) Income for the periods indicated (dollars in thousands):

DESCRIPTION CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME CLASSIFICATION THIRTEEN AND THIRTY-NINE WEEKS ENDED

SEPTEMBER 28, 2025

Property, fixtures and equipment impairments Provision for impaired assets and restaurant closings $ 13,858

Lease right-of-use asset impairments and closure charges Provision for impaired assets and restaurant closings 5,740

Total $ 19,598

BLOOMIN’ BRANDS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) - Continued

(Loss) Earnings Per Share

The following table presents the computation of basic and diluted (loss) earnings per share for the periods indicated:

THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED

(in thousands, except per share data) SEPTEMBER 28, 2025 SEPTEMBER 29, 2024 SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

Net (loss) income attributable to Bloomin’ Brands

Earnings Per Share

The following table presents the computation of basic and diluted earnings per share for the periods indicated:

THIRTEEN WEEKS ENDED

(in thousands, except per share data) MARCH 29, 2026 MARCH 30, 2025

Net income attributable to Bloomin’ Brands

$ 55,654 $ 42,152

Net income from discontinued operations, net of tax 189 7,577 714 14,140

Net (loss) income attributable to Bloomin’ Brands from continuing operations $ ( 46,048 ) $ ( 665 ) $ 20,998 $ ( 62,697 )

Income (loss) from discontinued operations, net of tax 432 ( 254 )

Net income attributable to Bloomin’ Brands from continuing operations $ 55,222 $ 42,406

Basic weighted average common shares outstanding 85,278 84,902

1 unchanged sentence

Stock-based compensation awards 473 228

Convertible senior notes and warrants (1) — — 9 —

Diluted weighted average common shares outstanding 85,751 85,130

Basic (loss) earnings per share (2):

Basic earnings per share (1):

Continuing operations $ 0.65 $ 0.50

Discontinued operations 0.01 —

Net basic (loss) earnings per share $ ( 0.54 ) $ 0.08 $ 0.26 $ ( 0.56 )

Diluted (loss) earnings per share (2):

Net basic earnings per share $ 0.65 $ 0.50

Diluted earnings per share (1):

Continuing operations $ 0.64 $ 0.50

Discontinued operations 0.01 —

Net diluted (loss) earnings per share $ ( 0.54 ) $ 0.08 $ 0.25 $ ( 0.56 )

Net diluted earnings per share $ 0.65 $ 0.50

Antidilutive stock-based compensation awards 1,394 2,151

1 unchanged sentence

________________

(1) During the thirty-nine weeks ended September 28, 2025, the 2025 Notes matured and were settled in cash and the remaining warrants were terminated.

See Note 9 - Convertible Senior Notes for additional details.

(1) Amounts may not add due to rounding.

11 unchanged sentences

Forfeited — ( 1 ) $ — $ 23.87

Outstanding as of September 28, 2025 617 1,621 $ 18.32 $ 10.38 $ 4,468 $ 11,738

Expected to vest as of September 28, 2025 (4) 298 1,621 $ 2,154 $ 11,738

Outstanding as of March 29, 2026 1,547 2,980 $ 7.95 $ 7.27 $ 8,137 $ 15,676

Expected to vest as of March 29, 2026 (4) 1,424 2,980 $ 7,491 $ 15,676

________________

(1) Based on the $ 12.27 and $ 7.24 share price of the Company’s common stock on December 27, 2024 and September 26, 2025, the last trading day of the year ended December 29, 2024 and the thirty-nine weeks ended September 28, 2025, respectively.

(2) The weighted average dividend yield was 6.40 % and 7.03 % for PSUs and RSUs, respectively.

For PSUs, a new performance structure was used for grants beginning in 2025.

(1) Based on the $ 6.79 and $ 5.26 share price of the Company’s common stock on the last trading day of the year ended December 28, 2025 and the thirteen weeks ended March 29, 2026, respectively.

(2) For PSUs, a new performance structure was used for certain grants beginning in 2025.

The new structure contains separate performance goals that are set at the beginning of each of the three annual performance periods and units earned based on performance will cliff vest after three years .

(3) Represents adjustment to 0 % payout for PSUs granted during 2022.

(3) Represents adjustment to 0 % payout for PSUs granted during 2023 and adjustment to 67 % payout for the first annual performance period for PSUs granted during 2025.

(4) For PSUs, the estimated number of units to be issued upon the vesting of outstanding PSUs is based on Company performance projections of performance criteria set forth in the 2024, 2025 and 2026 PSU award agreements.

The following represents unrecognized stock-based compensation expense and the remaining weighted average recognition period as of September 28, 2025:

The following represents unrecognized stock-based compensation expense and the remaining weighted average recognition period as of March 29, 2026:

UNRECOGNIZED COMPENSATION EXPENSE

4 unchanged sentences

Other current assets, net , consisted of the following as of the periods indicated:

(dollars in thousands) SEPTEMBER 28, 2025 DECEMBER 29, 2024

(dollars in thousands) MARCH 29, 2026 DECEMBER 28, 2025

Prepaid expenses $ 28,132 $ 24,018

Installment receivable from sale of business (1) 139,646 —

Accounts receivable - gift cards, net 8,442 71,232

5 unchanged sentences

$ 84,305 $ 148,691

________________

(1) Represents second installment related to Brazil Sale Transaction which includes interest income and foreign currency translation gains.

See Note 2 - Discontinued Operations for additional details.

BLOOMIN’ BRANDS, INC.

1 unchanged sentence

(UNAUDITED) - Continued

Goodwill and Intangible Assets - The Company performs its annual assessment for impairment of goodwill and other indefinite-lived intangible assets during its second fiscal quarter.

During the thirteen weeks ended June 29, 2025, the Company performed a quantitative impairment analysis due to the recent decline in the Company’s market capitalization, while its 2024 assessment was qualitative.

In connection with these assessments, the Company did no t record any impairment charges.

The goodwill analysis indicated that all reporting units had fair values that exceeded their carrying values.

However, the Outback Steakhouse and Bonefish Grill reporting units had fair values that decreased to approximately 10 % above their respective carrying values.

The fair values for the Outback Steakhouse and Bonefish Grill reporting units decreased primarily due to lower cash flow estimates, increased discount rates, lower market multiples, and additionally for Bonefish Grill, a lower long-term growth rate, compared to the last quantitative impairment analysis performed during the quarter ended June 25, 2023.

The quantitative impairment analysis for indefinite-lived intangible assets indicated that all trade names had fair values exceeding their carrying values;

however, the Outback Steakhouse trade name’s fair value decreased to approximately 15 % above its carrying value.

Similar to the goodwill analysis, the fair value of the Outback Steakhouse trade name decreased primarily due to lower projected system-wide sales and an increased discount rate.

Fair value determinations require considerable judgment and are sensitive to changes in underlying assumptions, estimates and market factors.

Key assumptions include cash flow estimates (including sales and operating profit), long-term growth rates, discount rates, royalty rates, market multiples and other market factors.

Sales declines, unplanned increases in commodity or labor costs, decreases to the market multiples, increases in discount rates, deterioration in overall economic conditions and challenges in the restaurant industry or any such event may impact the Company’s fair value determinations and may result in future impairment charges.

It is possible that changes in circumstances or changes in assumptions and estimates could result in impairment of the Company’s goodwill or other intangible assets.

Further, as a result of the decreased fair values, the Outback Steakhouse and Bonefish Grill reporting units and the Outback Steakhouse trade name are at a higher risk of future impairment.

Other assets, net , consisted of the following as of the periods indicated:

(dollars in thousands) SEPTEMBER 28, 2025 DECEMBER 29, 2024

Company-owned life insurance $ 34,468 $ 31,971

Deferred debt issuance costs - revolving credit facility (1) 9,042 10,743

Liquor licenses 22,463 22,422

Contingent consideration assets 33,951 —

Other assets 12,277 9,335

$ 112,201 $ 74,471

________________

(1) Net of accumulated amortization of $ 2.3 million and $ 0.6 million as of September 28, 2025 and December 29, 2024, respectively.

Accrued and other current liabilities consisted of the following as of the periods indicated:

(dollars in thousands) SEPTEMBER 28, 2025 DECEMBER 29, 2024

(dollars in thousands) MARCH 29, 2026 DECEMBER 28, 2025

Accrued payroll and other compensation $ 43,223 $ 79,436

2 unchanged sentences

$ 156,929 $ 186,256

BLOOMIN’ BRANDS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) - Continued

Other long-term liabilities, net , consisted of the following as of the periods indicated:

(dollars in thousands) SEPTEMBER 28, 2025 DECEMBER 29, 2024

Accrued insurance $ 40,946 $ 33,519

Deferred compensation obligations 35,562 32,597

Other long-term liabilities (1) 36,879 27,304

$ 113,387 $ 93,420

________________

(1) Includes indemnification liabilities in connection with the Brazil Sale Transaction.

See Note 2 – Discontinued Operations for additional details.

Long-term debt, net , consisted of the following as of the periods indicated:

SEPTEMBER 28, 2025 DECEMBER 29, 2024

MARCH 29, 2026 DECEMBER 28, 2025

(dollars in thousands) OUTSTANDING BALANCE INTEREST RATE OUTSTANDING BALANCE INTEREST RATE

1 unchanged sentence

2029 Notes 300,000 5.13 % 300,000 5.13 %

Long-term debt 755,000 790,000

2 unchanged sentences

________________

(1) Includes a maximum capacity of $ 1.2 billion and matures on September 19, 2029.

Interest rate represents the weighted average interest rate as of the respective periods.

(2) On May 1, 2025, the 2025 Notes were settled using borrowings from the revolving credit facility.

Debt Covenants - As of September 28, 2025 and December 29, 2024, the Company was in compliance with its debt c ovenants.

Convertible Senior Notes

The Company’s 5.00 % convertible senior notes due in 2025 (the “2025 Notes”) matured on May 1, 2025 and were settled in cash for $ 20.7 million, excluding accrued interest.

In connection with the maturity of the 2025 Notes, the related convertible note hedges entered into with certain purchasers of the 2025 Notes and/or their respective affiliates and other financial institutions expired.

On May 16, 2025, the Company terminated the remaining warrants in cash for $ 0.4 million.

Debt Covenants - As of March 29, 2026 and December 28, 2025, the Company was in compliance with its debt c ovenants.

Stockholders’ Equity

Dividends - The Company declared and paid dividends per share during fiscal year 2025 as follows:

(dollars in thousands, except per share data) DIVIDENDS PER SHARE AMOUNT

First fiscal quarter $ 0.15 $ 12,747

Second fiscal quarter 0.15 12,759

Third fiscal quarter 0.15 12,760

Total cash dividends declared and paid $ 0.45 $ 38,266

In October 2025, the Company’s Board of Directors (the “Board”) suspended the dividend as a component of the Company’s turnaround strategy.

BLOOMIN’ BRANDS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) - Continued

Accumulated Other Comprehensive Income (Loss) - The following table is a rollforward of the components of Accumulated Other Comprehensive Income (Loss) for the periods indicated:

THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED

(dollars in thousands) SEPTEMBER 28, 2025 SEPTEMBER 29, 2024 SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

Accumulated Other Comprehensive Income (“AOCI”) - The following table is a rollforward of the components of AOCI for the periods indicated:

THIRTEEN WEEKS ENDED

(dollars in thousands) MARCH 29, 2026 MARCH 30, 2025

Foreign currency translation:

Balance, beginning of the period $ 9,262 $ ( 212,172 )

Foreign currency translation adjustment (1)

3,367 ( 11,849 ) 2,745 ( 23,638 )

Foreign currency translation adjustment - equity method investment 2,615 3,204

Foreign currency translation adjustment - other ( 45 ) ( 5,557 )

Reclassification of foreign currency translation adjustments into earnings due to sale of business — 217,548

1 unchanged sentence

$ 11,832 $ 3,023

(Loss) gain on derivatives, net of tax:

Income (loss) on derivatives, net of tax:

Balance, beginning of the period $ ( 154 ) $ ( 621 )

Change in fair value of derivatives, net of tax 1,472 ( 200 )

Reclassification realized in Net (loss) income, net of tax 22 ( 557 ) 72 ( 1,403 )

Reclassification realized in Net income, net of tax 176 23

Balance, end of the period $ 1,494 $ ( 798 )

Accumulated other comprehensive income (loss):

Accumulated other comprehensive income:

Balance beginning of the period $ 9,108 $ ( 212,793 )

Other comprehensive income (loss) attributable to Bloomin' Brands 3,434 ( 15,323 ) 220,473 ( 25,625 )

Other comprehensive income attributable to Bloomin' Brands 4,218 215,018

Balance, end of the period $ 13,326 $ 2,225

____________________

(1) For the thirteen and thirty-nine weeks ended September 28, 2025, represents foreign currency translation adjustments primarily related to the Company’s equity method investment.

BLOOMIN’ BRANDS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) - Continued

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 that include one - and two-year tenors.

The remaining Swap Transactions have an aggregate notional amount of $ 275.0 million with the following terms:

Interest Rate Risk - The Company manages economic risks, including interest rate variability, primarily by managing the amount, sources and duration of its debt funding and through the use of derivative financial instruments.

The Company’s objective in using interest rate derivatives is to manage its exposure to interest rate movements.

To accomplish this objective, the Company uses interest rate swaps.

Designated Hedges

Cash Flow Hedges of Interest Rate Risk - To manage its exposure to fluctuations in variable interest rates, in March 2024 and December 2023, OSI entered into 11 interest rate swap agreements with ten counterparties with an aggregate notional amount of $ 375.0 million and one and two-year tenors (the “2023 and 2024 Swap Agreements”).

The Company had $ 100.0 million of interest rate swap agreements that matured on December 31, 2024 and December 31, 2025, respectively.

In October 2025, OSI entered into an additional eight interest rate swap agreements with eight counterparties with an aggregate notional amount of $ 300.0 million and 12 - and 21 -month tenors (the “2025 Swap Transactions”, together with the 2023 and 2024 Swap Agreements, the “Swap Transactions”).

The following are the terms of the remaining Swap Transactions:

NOTIONAL AMOUNT WEIGHTED AVERAGE FIXED INTEREST RATE (1) EFFECTIVE DATE TERMINATION DATE

$ 100,000,000 4.34 % December 29, 2023 December 31, 2025

$ 175,000,000 4.40 % March 29, 2024 March 31, 2026

$ 275,000,000 4.38 %

$ 100,000,000 3.37 % December 31, 2025 December 31, 2026

$ 200,000,000 3.18 % March 31, 2026 December 31, 2027

____________________

(1) The weighted average fixed interest rate excludes the term SOFR adjustment and interest rate spread described below.

In connection with the remaining Swap Transactions, the Company effectively converted $ 275.0 million of its outstanding indebtedness from 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.

In connection with the Swap Transactions, the Company effectively converted its outstanding indebtedness based on the notional amount from a variable rate of 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 $ 0.6 million of interest expense will be reclassified from Accumulated Other Comprehensive Income (Loss) to Interest expense, net over the next 12 months related to the Swap Transactions.

The Company estimates $ 1.3 million of interest income will be reclassified from Accumulated Other Comprehensive Income to Interest expense, net over the next 12 months related to the remaining Swap Transactions.

BLOOMIN’ BRANDS, INC.

1 unchanged sentence

(UNAUDITED) - Continued

The following table presents the fair value and classification of the Company’s swap agreements as of the periods indicated:

(dollars in thousands) CONSOLIDATED BALANCE SHEETS CLASSIFICATION SEPTEMBER 28, 2025 DECEMBER 29, 2024

The following table presents the fair value and classification of the Company’s Swap Transactions as of the periods indicated:

(dollars in thousands) CONSOLIDATED BALANCE SHEETS CLASSIFICATION MARCH 29, 2026 DECEMBER 28, 2025

Interest rate swaps - asset Other current assets, net $ 1,235 $ 208

Interest rate swaps - asset Other assets, net 768 —

Total fair value of derivative instruments - assets (1) $ 2,003 $ 208

Interest rate swaps - liability Accrued and other current liabilities $ 3 $ 330

2 unchanged sentences

____________________

(1) See Note 13 - Fair Value Measurements for fair value discussion of the interest rate swaps.

(1) See Note 7 - Stockholders’ Equity for interest rate swaps impact on AOCI and Note 10 - 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.

1 unchanged sentence

The Company continually assesses the creditworthiness of its counterparties.

As of September 28, 2025, all counterparties to the Swap Transactions performed in accordance with their contractual obligations.

As of March 29, 2026, 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.

If the Company had breached any of these provisions as of September 28, 2025 and December 29, 2024, it could have been required to settle its obligations under the Swap Transactions at their termination value of $ 0.6 million and $ 0.8 million, respectively.

As of September 28, 2025 and December 29, 2024, the Company has not posted any collateral related to the Swap Transactions.

In October 2025, subsequent to the thirteen weeks ended September 28, 2025, OSI entered into eight interest rate swap agreements with eight counterparties (the “2025 Swap Transactions”) to manage its exposure to fluctuations in variable interest rates that include 12 - and 21 -month tenors.

The 2025 Swap Transactions have an aggregate notional amount of $ 300.0 million with the following terms:

NOTIONAL AMOUNT WEIGHTED AVERAGE FIXED INTEREST RATE (1) EFFECTIVE DATE TERMINATION DATE

$ 100,000,000 3.37 % December 31, 2025 December 31, 2026

200,000,000 3.18 % March 31, 2026 December 31, 2027

$ 300,000,000 3.24 %

____________________

(1) The weighted average fixed interest rate excludes the term SOFR adjustment and interest rate spread described below .

Upon the effective date, as a result of the 2025 Swap Transactions, the Company effectively converted $ 300.0 million of its outstanding indebtedness from 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 2025 Swap Transactions have an embedded floor of minus 0.10 %.

The 2025 Swap Transactions have been designated and qualify as cash flow hedges, will be recognized on the Company’s Consolidated Balance Sheets at fair value and will be classified based on the instruments’ maturity dates.

As of March 29, 2026 and December 28, 2025, the Company has not posted any collateral related to the Swap Transactions.

The Company’s Swap Transactions are subject to master netting arrangements.

As of March 29, 2026, the Company elected not to offset derivative positions in its Consolidated Balance Sheet with the same counterparty under the same agreement.

Non-Designated Hedges

During the fourth quarter of 2024, the Company entered into foreign currency forward contracts to partially offset the foreign currency exchange gains and losses generated by the Brazilian Reais rate risk associated with the purchase price installment payments from the Brazil Sale Transaction.

As of September 28, 2025, the Company had R$ 745.9 million Brazilian Reais (approximately $ 138.6 million U.S.

Dollars) of outstanding notional amounts

The Company entered into foreign currency forward contracts to partially offset the foreign currency exchange gains and losses generated by the Brazilian Reais rate risk associated with the purchase price installment payments from the Brazil Sale Transaction.

During the thirteen weeks ended December 28, 2025, the Company received the final installment payment related to the Brazil Sale Transaction and the foreign currency forward contracts matured.

The followin g table summarizes the effects of the Company’s foreign exchange forward contracts on the Consolidated Statements of Operations and Comprehensive Income for the period indicated:

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME CLASSIFICATION THIRTEEN WEEKS ENDED

(dollars in thousands) MARCH 30, 2025

Loss on foreign currency forward contracts (1) General and administrative $ 10,250

____________________

(1) The loss on foreign currency forward contracts, which includes costs in connection with the forward contracts, is partially offset within General and administrative expense by foreign currency exchange gains of $ 7.9 million related to the installment receivable from the Brazil Sale Transaction.

BLOOMIN’ BRANDS, INC.

1 unchanged sentence

(UNAUDITED) - Continued

related to its foreign currency forward contracts.

The liability and asset related to the foreign exchange forward contracts as of September 28, 2025 and December 29, 2024, respectively, are not material as they typically mature monthly.

As of September 28, 2025 and December 29, 2024, the Company has not posted any collateral related to the foreign currency forward contracts.

The followin g table summarizes the effects of the Company’s foreign exchange forward contracts on the Consolidated Statements of Operations and Comprehensive (Loss) Income for the periods indicated:

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME CLASSIFICATION THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED

(dollars in thousands) SEPTEMBER 28, 2025 SEPTEMBER 28, 2025

Loss on foreign currency forward contracts (1) General and administrative $ 6,853 $ 25,564

____________________

(1) The loss on foreign currency forward contracts, which includes costs in connection with the forward contracts, is partially offset within General and administrative expense by foreign currency exchange gains of $ 3.6 million and $ 17.8 million for the thirteen and thirty-nine weeks ended September 28, 2025, respectively, related to the installment receivable from the Brazil Sale Transaction.

The Company’s interest rate swaps and foreign currency forward contracts are subject to master netting arrangements.

As of September 28, 2025, the Company elected not to offset derivative positions in its Consolidated Balance Sheet with the same counterparty under the same agreement.

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 SHEETS CLASSIFICATION SEPTEMBER 28, 2025 DECEMBER 29, 2024

(dollars in thousands) CONSOLIDATED BALANCE SHEETS CLASSIFICATION MARCH 29, 2026 DECEMBER 28, 2025

Operating lease right-of-use assets Operating lease right-of-use assets $ 977,103 $ 979,270

7 unchanged sentences

________________

(1) Net of accumulated amortization of $ 4.7 million and $ 4.0 million as of September 28, 2025 and December 29, 2024, respectively.

BLOOMIN’ BRANDS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) - Continued

Following is a summary of expenses and income related to leases recognized in the Company’s Consolidated Statements of Operations and Comprehensive (Loss) Income for the periods indicated:

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME CLASSIFICATION THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED

(dollars in thousands) SEPTEMBER 28, 2025 SEPTEMBER 29, 2024 SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

(1) Net of accumulated amortization of $ 6.1 million and $ 5.4 million as of March 29, 2026 and December 28, 2025, respectively.

Following is a summary of expenses and income related to leases recognized in the Company’s Consolidated Statements of Operations and Comprehensive Income for the periods indicated:

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME CLASSIFICATION THIRTEEN WEEKS ENDED

(dollars in thousands) MARCH 29, 2026 MARCH 30, 2025

Operating lease cost (1) Other restaurant operating $ 42,451 $ 42,305

6 unchanged sentences

________________

(1) Excludes rent expense for office facilities and closed or subleased properties of $ 3.2 million and $ 3.6 million for the thirteen weeks ended September 28, 2025 and September 29, 2024, respectively, and $ 10.3 million and $ 10.7 million for the thirty-nine weeks ended September 28, 2025 and September 29, 2024, 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:

THIRTY-NINE WEEKS ENDED

(dollars in thousands) SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

(1) Excludes rent expense for office facilities and closed or subleased properties of $ 3.2 million and $ 3.6 million for the thirteen weeks ended March 29, 2026 and March 30, 2025, respectively, which is included in General and administrative expense.

The following table is a summary of supplemental information related to leases for the periods indicated:

THIRTEEN WEEKS ENDED

(dollars in thousands) MARCH 29, 2026 MARCH 30, 2025

Cash flows from operating activities:

2 unchanged sentences

Leased assets obtained in exchange for new finance lease liabilities $ — $ 3,692

BLOOMIN’ BRANDS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) - Continued

Fair Value Measurements

7 unchanged sentences

MEASUREMENT LEVEL FAIR VALUE

(dollars in thousands) SEPTEMBER 28, 2025 DECEMBER 29, 2024

(dollars in thousands) MARCH 29, 2026 DECEMBER 28, 2025

Short-term investments Cash and cash equivalents Level 1 $ 5,625 $ 5,597

Foreign currency forward contracts Other current assets, net Level 2 $ — $ 304

Interest rate swaps Other current assets, net Level 2 $ 1,235 $ 208

Interest rate swaps Other assets, net Level 2 $ 768 $ —

Interest rate swaps Accrued and other current liabilities Level 2 $ 3 $ 330

Foreign currency forward contracts Other current liabilities, net Level 2 $ 132 $ —

Interest rate swaps Other long-term liabilities Level 2 $ — $ 87

BLOOMIN’ BRANDS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) - Continued

Fair value of each class of financial instruments is determined based on the following:

1 unchanged sentence

Short-term investments Carrying value approximates fair value because maturities are less than three months.

Derivative instruments The Company’s derivative instruments include interest rate swaps and foreign currency forward contracts.

Fair value measurements are based on the contractual terms of the derivatives and observable market-based inputs.

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.

Foreign currency forwards are valued by comparing the contracted forward exchange rate to the current market forward exchange rate.

Key inputs for the valuation of the foreign currency forwards are spot rates, foreign currency forward rates and the interest rate curve of the domestic currency.

Derivative instruments 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 September 28, 2025 and December 29, 2024, the Company determined that the credit valuation adjustments were not significant to the overall valuation of its derivatives.

Fair Value Measurements on a Nonrecurring Basis - Assets and liabilities that are measured at fair value on a nonrecurring basis relate primarily to property, fixtures and equipment, operating lease right-of-use assets, goodwill and other intangible assets, which are remeasured when carrying value exceeds fair value.

Carrying value after impairment approximates fair value.

The following table summarizes the Company’s assets measured at fair value by hierarchy level on a nonrecurring basis for the periods indicated:

THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED

SEPTEMBER 28, 2025 SEPTEMBER 28, 2025

(dollars in thousands) REMAINING CARRYING VALUE

TOTAL IMPAIRMENT REMAINING CARRYING VALUE

TOTAL IMPAIRMENT

Operating lease right-of-use assets (1)

$ 14,237 $ 9,383 $ 20,651 $ 11,107

Property, fixtures and equipment (2)

16,885 23,072 23,445 27,614

$ 31,122 $ 32,455 $ 44,096 $ 38,721

________________

(1) Carrying values measured using discounted cash flow models (Level 3).

(2) Carrying values measured using Level 2 inputs to estimate fair value totaled $ 4.9 million and $ 5.2 million for the thirteen and thirty-nine weeks ended September 28, 2025, respectively.

All other assets were valued using Level 3 inputs.

Third-party market appraisals and executed sales contracts (Level 2) and discounted cash flow models (Level 3) were used to estimate the fair value.

See Note 5 - Impairments and Exit Costs for information regarding impairment charges during the thirteen and thirty-nine weeks ended September 28, 2025.

Projected future cash flows, including discount rate and growth rate assumptions, are derived from current economic conditions, expectations of management and projected trends of current operating results.

As a result, the Company has determined that the majority of the inputs used to value its long-lived assets held and used are unobservable inputs that fall within Level 3 of the fair value hierarchy.

In the assessment of impairment for operating locations, the Company determines the fair values of individual operating locations using an income approach, which requires discounting projected future cash flows.

When determining the stream of projected future cash flows associated with an individual operating location, management makes assumptions, including highest and best use and inputs from restaurant operations, where necessary, and about key variables including the following unobservable inputs:

revenue growth rates, controllable and uncontrollable expenses, and asset residual values.

In order to calculate the present value of those future cash flows, the Company discounts its cash flow estimates at its weighted-average cost of capital applicable to the country in which the measured assets reside.

As of March 29, 2026 and December 28, 2025, 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, including the second installment related to the Brazil Sale Transaction, and accounts payable approximate their carrying amounts reported on the Company’s Consolidated Balance Sheets due to their short duration.

BLOOMIN’ BRANDS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) - Continued

The fair values of cash equivalents, accounts receivable, and accounts payable approximate their carrying amounts reported on the Company’s Consolidated Balance Sheets due to their short duration.

Debt is carried at amortized cost;

1 unchanged sentence

The following table includes the carrying value and fair value of the Company’s debt by hierarchy level as of the periods indicated:

SEPTEMBER 28, 2025 DECEMBER 29, 2024

MARCH 29, 2026 DECEMBER 28, 2025

(dollars in thousands) CARRYING VALUE FAIR VALUE LEVEL 2 CARRYING VALUE FAIR VALUE LEVEL 2

1 unchanged sentence

2029 Notes $ 300,000 $ 264,468 $ 300,000 $ 269,505

2029 Notes $ 300,000 $ 259,458 $ 300,000 $ 270,132

________________

(1) On May 1, 2025, the 2025 Notes matured and were settled in cash.

See Note 9 - Convertible Senior Notes for additional details.

THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED

(dollars in thousands) SEPTEMBER 28, 2025 SEPTEMBER 29, 2024 SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

(Loss) income before (benefit) provision for income taxes $ ( 47,532 ) $ ( 8,066 ) $ 17,463 $ ( 57,866 )

BLOOMIN’ BRANDS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) - Continued

THIRTEEN WEEKS ENDED

(dollars in thousands) MARCH 29, 2026 MARCH 30, 2025

Income before (benefit) provision for income taxes $ 46,691 $ 46,044

(Benefit) provision for income taxes $ ( 10,291 ) $ 903

Effective income tax rate 5.1 % NM (NM) ( 2.4 ) %

________________

NM Not meaningful.

Effective income tax rate ( 22.0 ) % 2.0 %

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 (Loss) income before (benefit) provision for income taxes.

For the thirteen weeks ended September 28, 2025 and September 29, 2024, the benefit for income taxes includes the impact of changes to the estimate of forecasted annual pre-tax book income relative to the respective prior quarter and the benefit of FICA tax credits.

For the thirty-nine weeks ended September 28, 2025, the benefit for income taxes includes the impact of FICA tax credits relative to low forecasted annual pre-tax book income.

For the thirty-nine weeks ended September 29, 2024, the provision for income taxes includes the impact of the non-deductible losses associated with the repurchase of $ 83.6 million of the outstanding 2025 Notes (the “Second 2025 Notes Partial Repurchase”) recorded in the thirty-nine weeks ended September 29, 2024, which, relative to a pre-tax book loss, resulted in a negative effective income tax rate.

The effective income tax rate for the thirteen weeks ended September 28, 2025 was lower than the Company’s blended federal and state statutory rate of approximately 26 % primarily due to the impact of changes to forecasted pre-tax book income relative to prior quarters.

The effective income tax rate for the thirty-nine weeks ended September 29, 2024 was lower than the Company’s blended federal and state statutory rate of approximately 26 % primarily due to the impact of the non-deductible losses associated with the Second 2025 Notes Partial Repurchase , which, relative to a pre-tax book loss, resulted in a negative effective income tax rate.

On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was enacted in the U.S.

with the effective dates of certain provisions in OBBBA beginning in 2025 while other provisions begin after 2025.

The Company has

Restaurant sales and is not impacted by costs incurred that may reduce Income before (benefit) provision for income taxes.

For the thirteen weeks ended March 29, 2026 and March 30, 2025, the (benefit) provision for income taxes includes the benefit of FICA tax credits on certain tipped wages relative to forecasted full year Income before (benefit) provision for income taxes.

A higher forecasted full year Income before (benefit) provision for income taxes for 2025 when compared to forecasted full year Income before (benefit) provision for income taxes for 2026, resulted in provision for income taxes for the thirteen weeks ended March 30, 2025 as compared to benefit for income taxes for the thirteen weeks ended March 29, 2026.

The effective income tax rate for the thirteen weeks ended March 29, 2026 and March 30, 2025 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.

The following table is a summary of cash paid for income taxes for the periods indicated:

THIRTEEN WEEKS ENDED

(dollars in thousands) MARCH 29, 2026 MARCH 30, 2025

Cash paid for income taxes, net of refunds (1) $ 1,817 $ 15,802

________________

(1) The thirteen weeks ended March 30, 2025 includes approximately $ 13.3 million of withholding taxes related to the first installment of the Brazil Sale Transaction.

Commitments and Contingencies

Litigation and Other Matters - The Company recorded reserves of $ 4.9 million for certain of its outstanding legal proceedings as of March 29, 2026 and December 28, 2025, 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, the latest of which expires in 2032.

As of March 29, 2026, the undiscounted payments that the Company could be required to make in the event of non-payment by the primary lessees were $ 10.4 million.

The present value of these potential payments discounted at the Company’s incremental borrowing rate as of March 29, 2026 was $ 8.7 million.

As of March 29, 2026 and December 28, 2025, the Company’s recorded contingent lease liability was $ 1.6 million.

BLOOMIN’ BRANDS, INC.

1 unchanged sentence

(UNAUDITED) - Continued

evaluated the material provisions of OBBBA and estimated its impact on the consolidated financial statements to be immaterial.

As additional guidance is published, the Company will continue evaluating the full impact of these legislative changes.

Commitments and Contingencies

Litigation and Other Matters - The Company recorded reserves of $ 4.2 million and $ 2.3 million for certain of its outstanding legal proceedings as of September 28, 2025 and December 29, 2024, respectively, within Accrued and other current liabilities on its Consolidated Balance Sheets.

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 September 28, 2025, the undiscounted payments that the Company could be required to make in the event of non-payment by the primary lessees was $ 11.2 million.

The present value of these potential payments discounted at the Company’s incremental borrowing rate as of September 28, 2025 was $ 8.9 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 for certain of its assigned leases.

As of September 28, 2025 and December 29, 2024, the Company’s recorded contingent lease liability was $ 1.7 million and $ 1.6 million, respectively.

Segment Reporting

10 unchanged sentences

Segment accounting policies are the same as those described in Note 1 - Summary of Significant Accounting Policies in the Company’s Annual Report on Form 10-K for the year ended December 28, 2025.

Revenues for all segments include only transactions with customers and exclude intersegment revenues.

Revenues for all segments include transactions with customers and royalties from franchisees.

There were no material transactions among reportable segments.

1 unchanged sentence

are certain legal and corporate costs not directly related to the performance of the segment, most stock-based compensation expenses, a portion of insurance expenses and certain bonus expenses.

The following segment disclosures have been recast to include amounts that relate solely to the Company’s continuing operations.

In the tables below, “other” primarily includes amounts related to its Hong Kong subsidiary.

BLOOMIN’ BRANDS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) - Continued

In the tables below, “other” primarily includes amounts related to the Company’s Hong Kong subsidiary and its equity method investment in Brazil.

Operating income is utilized by the Company’s Chief Operating Decision Maker (“CODM”) as the primary segment profit or loss measure to allocate resources in the planning and forecasting process and also to review operating performance by monitoring actual results versus prior year and forecasts.

The following table is a summary of revenues by segment for the periods indicated:

THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED

(dollars in thousands) SEPTEMBER 28, 2025 SEPTEMBER 29, 2024 SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

THIRTEEN WEEKS ENDED

(dollars in thousands) MARCH 29, 2026 MARCH 30, 2025

$ 1,042,453 $ 1,030,903

3 unchanged sentences

Total revenues $ 1,059,673 $ 1,049,594

BLOOMIN’ BRANDS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) - Continued

The following table presents segment operating income and significant segment expense information for the periods indicated:

THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED

(dollars in thousands) SEPTEMBER 28, 2025 SEPTEMBER 29, 2024 SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

THIRTEEN WEEKS ENDED

(dollars in thousands) MARCH 29, 2026 MARCH 30, 2025

Total revenues $ 1,042,453 $ 1,030,903

7 unchanged sentences

Total revenues (2)

$ 7,570 $ 9,283

Total segment expenses (1) 234 279

7 unchanged sentences

_________________

(1) Includes depreciation and amortization, general and administrative and impairment expense.

(2) Includes general and administrative expense.

BLOOMIN’ BRANDS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) - Continued

The following table is a reconciliation of segment income from operations to (Loss) income before (benefit) provision for income taxes for the periods indicated:

THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED

(dollars in thousands) SEPTEMBER 28, 2025 SEPTEMBER 29, 2024 SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

(1) Includes depreciation and amortization and general and administrative expense.

segment also includes impairment expense.

(2) The thirteen weeks ended March 30, 2025 includes one additional month of pre-Brazil Sale Transaction intercompany royalties.

The following table is a reconciliation of segment income from operations to Income before (benefit) provision for income taxes for the periods indicated:

THIRTEEN WEEKS ENDED

(dollars in thousands) MARCH 29, 2026 MARCH 30, 2025

Total segment income from operations $ 95,352 $ 96,674

Unallocated corporate operating expense ( 36,728 ) ( 39,768 )

Other income (loss) from operations 226 ( 4,099 ) 1,324 ( 17,005 )

Total (loss) income from operations ( 36,420 ) 8,642 50,461 123,611

Loss on extinguishment of debt — ( 225 ) — ( 136,022 )

Other income from operations 479 325

Total income from operations 59,103 57,231

Interest expense, net ( 12,412 ) ( 11,187 )

(Loss) income before (benefit) provision for income taxes $ ( 47,532 ) $ ( 8,066 ) $ 17,463 $ ( 57,866 )

Income before (benefit) provision for income taxes $ 46,691 $ 46,044

The following table is a summary of depreciation and amortization by segment for the periods indicated:

THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED

(dollars in thousands) SEPTEMBER 28, 2025 SEPTEMBER 29, 2024 SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

THIRTEEN WEEKS ENDED

(dollars in thousands) MARCH 29, 2026 MARCH 30, 2025

Depreciation and amortization

3 unchanged sentences

Total depreciation and amortization $ 46,296 $ 43,947

The following table is a summary of capital expenditures by segment, excluding non-cash activity, for the periods indicated:

THIRTY-NINE WEEKS ENDED

(dollars in thousands) SEPTEMBER 28, 2025 SEPTEMBER 29, 2024

BLOOMIN’ BRANDS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) - Continued

The following table is a summary of capital expenditures by segment, for the periods indicated:

THIRTEEN WEEKS ENDED

(dollars in thousands) MARCH 29, 2026 MARCH 30, 2025

Capital expenditures

3 unchanged sentences

The following table sets forth Total assets by segment as of the periods i ndicated:

(dollars in thousands) SEPTEMBER 28, 2025 DECEMBER 29, 2024

(dollars in thousands) MARCH 29, 2026 DECEMBER 28, 2025

$ 2,515,590 $ 2,598,842

3 unchanged sentences

Other (1) 82,350 80,255

Assets of discontinued operations held for sale — 223,490

Total assets $ 3,114,432 $ 3,171,907

5 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements