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Bloomin Brands, Inc. ( Bloomin Brands, the Company, we, us, and our and similar terms mean Bloomin Brands, Inc. and its subsidiaries except where the context otherwise requires), a Delaware corporation, is one of the largest casual dining restaurant companies in the world, with a portfolio of leading, differentiated restaurant concepts. Our restaurant portfolio includes Outback Steakhouse, Carr…
Operating margin is thin at 0.94%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 0.1%, essentially flat. Margins also contracted 2.6pp. This is a business that needs a catalyst.
ROIC dropped from 4.48% to 1.23%, capital efficiency is deteriorating. Net debt of $1.96B represents 20.3x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$3.97B
▲ +0.1% YoY
Net Income (TTM)
$22M
▲ +106.4% YoY
Op. Margin
0.98%
▼ -2.6pp YoY
ROIC
1.25%
▼ -3.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$119M
▲ +1208.6% YoY
Op. Cash Flow (TTM)
$279M
▲ +21.3% YoY
Net Debt
$1.91B
Cash & Equiv.
$71M
5Y CAGR: +4.6%
5Y CAGR: +13.7%
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