Bloomin’ Brands Plans to Close 14 Bonefish Locations

February 17, 2016

Bloomin’ Brands, Inc. reported results for the fourth quarter and fiscal year ended December 27, 2015 compared to the fourth quarter and fiscal year ended December 28, 201.

Key highlights for Q4 2015 include the following:

Adjusted restaurant margin was 16.5 percent versus 15.7 percent in Q4 2014 and U.S. GAAP restaurant margin was 16.1 percent versus 16.3 percent in Q4 2014, Added 11 new restaurants, including eight in international markets. Comparable sales for Outback Steakhouse in Brazil increased 7.3 percent.

Key highlights for Fiscal Year 2015 include the following:

Adjusted restaurant margin was 16.5 percent versus 15.9 percent in Fiscal Year…