Since its establishment in the late 1980s, Bloomin’ Brands, a restaurant holding company based in the United States, has been dishing out a diverse range of restaurant experiences. The company has since expanded its restaurant concepts outside of the U.S. to 13 other countries and in 2023 the
reached 1,480. These days, its brands include Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse and Wine Bar. The
extensive restaurant portfolio reached around 4.7 billion U.S. dollars in 2023.
What are the most successful subsidiaries of Bloomin’ Brands?
In 2023, Outback Steakhouse brought in the highest share of
Bloomin’ Brands’ total restaurant sales with approximately 2.3 billion U.S. dollars in sales worldwide.
Outback Steakhouse restaurants earned an average of approximately four million U.S. dollars per unit in 2023. In addition, the brand received an
American Customer Satisfaction Index score of 83 points out of 100, showing a rise from the previous year. Meanwhile, in 2023, the
average check price per person for each Bloomin’ Brands subsidiary ranged between 25 and 34 U.S. dollars, except for Fleming’s Prime Steakhouse and Wine Bar, which had an average check per person of around 100 U.S. dollars.
Global expansion of Bloomin’ Brands
In recent years, Bloomin’ Brands had locations in 47 states across the contiguous United States including Guam. Additionally, the company has expanded its international portfolio to include Latin America, the Middle East, and the Asia Pacific region. In 2023, Bloomin’ Brands reported a
global net income of approximately 254 million U.S. dollars, which represented a significant increase from the previous year. Meanwhile, the
total assets of Bloomin’ Brands worldwide have fluctuated over the past decade. In 2023, total assets amounted to approximately 3.4 billion U.S. dollars, showing a decrease from 2019 when the company’s assets peaked at approximately 3.6 billion U.S. dollars.
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