FORM 10-Q (Mark One)☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended March29, 2026or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from ______ to ______Commission File Number: 001-35625 BLOOMIN’ BRANDS, INC. (Exact name of registrant as specified in its charter) Delaware20-8023465(State or other jurisdiction of incorporation or organization)(IRS Employer Identification No.) 2202 North West Shore Boulevard, Suite 500, Tampa, FL 33607(Address of principal executive offices) (Zip Code) (813) 282-1225(Registrant’s telephone number, including area code) N/A (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock $0.01 par valueBLMNThe Nasdaq Stock Market LLC(Nasdaq Global Select Market) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒As of May4, 2026, 85,614,287 shares of common stock of the registrant were outstanding. BLOOMIN’ BRANDS, INC. INDEX TO QUARTERLY REPORT ON FORM 10-QFor the Quarterly Period Ended March29, 2026(Unaudited)TABLE OF CONTENTSPART I — FINANCIAL INFORMATIONPage No.Item1.Financial Statements (Unaudited)3Consolidated Financial Statements:Consolidated Balance Sheets —March 29, 2026 and December 28, 20253Consolidated Statements of Operations and Comprehensive Income —For the Thirteen Weeks Ended March 29, 2026 and March30, 20254Consolidated Statements of Changes in Stockholders’ Equity —For the Thirteen Weeks Ended March 29, 2026 and March 30, 20255Condensed Consolidated Statements of Cash Flows—For the Thirteen Weeks Ended March 29, 2026 and March 30, 20256Notes to Consolidated Financial Statements7Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations21Item3.Quantitative and Qualitative Disclosures About Market Risk35Item4.Controls and Procedures35PART II — OTHER INFORMATIONItem 1.Legal Proceedings36Item 1A.Risk Factors36Item 2.Unregistered Sales of Equity Securities and Use of Proceeds36Item 5.Other Information36Item 6.Exhibits37Signature38 PART I: FINANCIAL INFORMATION CONSOLIDATED BALANCE SHEETS(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA) BLOOMIN’ BRANDS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME(IN THOUSANDS, EXCEPT PER SHARE DATA, UNAUDITED) BLOOMIN’ BRANDS, INC. CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY(IN THOUSANDS, EXCEPT PER SHARE DATA, UNAUDITED) The accompanying notes are an integral part of these unaudited consolidated financial statements. BLOOMIN’ BRANDS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(IN THOUSANDS, UNAUDITED) BLOOMIN’ BRANDS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) 1.Description of the Business and Basis of Presentation Description of the Business -Bloomin’ Brands, Inc. (“Bloomin’ Brands” or the “Company”), a holding company thatconducts its operations through its subsidiaries, is one of the largest casual dining restaurant companies in the world, witha portfolio of leading, differentiated restaurant concepts. OSI Restaurant Partners, LLC (“OSI”) is the Company’s primaryoperating entity. The Company owns and operates casual, polished casual and fine dining restaurants. The Company’s restaurant portfolioincludes Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar.Additional Outback Steakhous