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Bloomin' Brands, Inc. Announces Fourth Quarter Adjusted Diluted Earnings Per Pro Forma Share Of $0.27, A 35.0% Increase Versus 2012; GAAP Diluted Earnings Per Share Of $0.46

16th Consecutive Quarter of Positive Traffic for Core Domestic Concepts

TAMPA, Fla., Feb. 25, 2014 (GLOBE NEWSWIRE) -- Bloomin' Brands, Inc. (Nasdaq:BLMN) today reported financial results for the fourth quarter and year ended December 31, 2013.

Key highlights for the fourth quarter of 2013 include the following:

-- Total revenues increased 5.2% to $1.1 billion

-- Comparable sales for Company-owned core domestic concepts increased 1.4% while traffic rose 0.3%

-- Opened 15 system-wide locations and completed 36 restaurant renovations

-- Adjusted operating income margin* was 6.1% versus 5.1% in the fourth quarter of 2012 and GAAP operating income margin was 3.0% versus 5.4% in the fourth quarter of 2012

-- Adjusted net income* was $34.2 million versus $25.8 million in the fourth quarter of 2012 and GAAP Net income attributable to Bloomin' Brands was $59.0 million versus $18.4 million in the fourth quarter of 2012

-- Adjusted diluted earnings per pro forma share* were $0.27 per share, a 35.0% increase from the fourth quarter of 2012 and GAAP Diluted earnings per share were $0.46 per share, an increase of $0.31 from the fourth quarter of 2012

Key highlights for the full-year of 2013 include the following:

-- Total revenues increased 3.5% to $4.1 billion

-- Comparable sales for Company-owned core domestic concepts increased 1.2% while traffic rose 1.1%

-- Opened 46 system-wide locations and completed 143 restaurant renovations

-- Adjusted operating income margin was 6.4% versus 5.9% in 2012 and GAAP operating income margin was 5.5% versus 4.5% in 2012

-- Adjusted net income was $142.4 million versus $114.0 million in 2012 and GAAP Net income attributable to Bloomin' Brands was $208.4 million versus $50.0 million in 2012

-- Adjusted diluted earnings per pro forma share were $1.11 per share, a 20.7% increase from 2012 and GAAP Diluted earnings per share were $1.63 per share, an increase of $1.19 from 2012

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