Bloomin' Brands Inc. reported total revenues of $928.8 million for the third quarter of 2025, a 2.1% increase compared to $910.0 million in the third quarter of 2024. GAAP operating income margin declined to -3.9% from 0.9% in the prior year, while adjusted operating income margin fell to 0.8% from 2.3%. Restaurant-level operating margin was 9.2%, down from 11.1% in the same period last year. The company announced a turnaround strategy focused on the Outback Steakhouse brand, with plans to reallocate free cash flow into strategic investments and debt reduction. All four brands reported positive comparable store sales growth for the first time since the first quarter of 2023. The company reaffirmed its full-year guidance, with U.S. comparable restaurant sales expected to be between 0% and 0.5%, and adjusted diluted earnings per share projected at $1.10 to $1.15. Labor inflation is estimated at approximately 3.5%. Bloomin' Brands plans to open 19 new company-owned and 24 new franchised restaurants.