Bloomin' Brands

Bloomin' Brands

Bloomin' Brands

Company type	Public
Traded as	NYSE: [ BLMN]
Industry	Restaurant
Founded	1988
Founder	Chris T. Sullivan, Bob Basham, Trudy Cooper, Tim Gannon
Number of locations	1,500+
Area served	Worldwide
Key people	David Deno (CEO)
Revenue	US$4.13 billion (2019)
Operating income	US$238.6 million (2019)
Net income	US$97.3 million (2019)
Total assets	US$3.07 billion (2019)
Total equity	US$1.07 billion (2019)
Number of employees	93,000 (2019)
Website	bloominbrands.com

Bloomin' Brands is a publicly traded restaurant company that operates several well-known casual dining chains. It was founded in 1988 by Chris T. Sullivan, Bob Basham, Trudy Cooper, and Tim Gannon. The company is headquartered in Tampa, Florida, and has over 1,500 locations worldwide.

History

Bloomin' Brands was established in 1988 with the opening of the first Outback Steakhouse in Tampa, Florida. The founders aimed to create a unique dining experience that combined high-quality food with a casual and friendly atmosphere. The success of Outback Steakhouse led to the expansion of the company's portfolio with the addition of other popular restaurant chains.

In 1991, Bloomin' Brands introduced Carrabba's Italian Grill, offering authentic Italian cuisine in a casual setting. The restaurant quickly gained popularity and became a significant part of the company's success.

Over the years, Bloomin' Brands continued to expand its brand portfolio. In 1996, it acquired Fleming's Prime Steakhouse & Wine Bar, a high-end steakhouse chain known for its quality cuts of meat and extensive wine selection. In 2006, the company launched Bonefish Grill, a seafood-focused restaurant that offers fresh and innovative dishes.

Brands

Bloomin' Brands operates several well-known restaurant chains, including:

Outback Steakhouse

File:Outback Steakhouse logo.svg

Outback Steakhouse logo

Outback Steakhouse is a popular Australian-themed casual dining restaurant chain. It is known for its signature dishes like the Bloomin' Onion and the Outback Special steak. The restaurant offers a wide range of grilled steaks, seafood, chicken, and ribs, along with a variety of appetizers, salads, and desserts.

Carrabba's Italian Grill

Carrabba's Italian Grill logo

Carrabba's Italian Grill is an Italian-American restaurant chain that specializes in traditional Italian cuisine. The menu features a variety of pasta dishes, wood-fired pizzas, and grilled meats, all made with fresh ingredients and authentic flavors.

Fleming's Prime Steakhouse & Wine Bar

File:Fleming's Prime Steakhouse & Wine Bar logo.svg

Fleming's Prime Steakhouse & Wine Bar logo

Fleming's Prime Steakhouse & Wine Bar is a high-end steakhouse chain that offers a sophisticated dining experience. The restaurant is known for its prime cuts of beef, aged to perfection, and its extensive wine list featuring over 100 wines by the glass.

Bonefish Grill

Bonefish Grill logo

Bonefish Grill is a seafood-focused restaurant chain that offers a variety of fresh fish and seafood dishes. The menu includes items like Bang Bang Shrimp, Chilean Sea Bass, and Ahi Tuna Sashimi. The restaurant prides itself on its commitment to sustainable fishing practices and responsible sourcing of seafood.

Financial Performance

In 2019, Bloomin' Brands reported a revenue of US$4.13 billion, representing an increase from the previous year. The company's operating income for the same period was US$238.6 million, while its net income was US$97.3 million. Bloomin' Brands' total assets amounted to US$3.07 billion, with an equity of US$1.07 billion. The company employed approximately 93,000 people worldwide.