Bloomin' Brands (BLMN) risk factors, FY2025 10-K

Bloomin' Brands's FY2025 10-K, filed Feb 25, 2026, lists 30 risk factors in 7 groups. Against the prior year's 31: 1 new, 2 dropped, 11 substantially reworded.

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Risk factors listed
307 groups
New this year
1vs 31 last year
Dropped
2since the prior 10-K
Substantially reworded
11of those kept
Section length
11k wordsItem 1A

What the changes say

  • Bloomin' Brands added foreign currency and regulatory risks for operations in Hong Kong and Brazil.
  • The company updated executive leadership changes, referencing new 2025 appointments.
  • Management emphasized turnaround strategies and a plan to remodel Outback Steakhouse locations.

What changed since the prior 10-K

New

  • NewRisks Related to Our Business Model and Strategy

    the United States as well as globally, including in Hong Kong, in connection with civil rights, liberties, and social and governmental reform

    Currency fluctuations and international regulations in markets like Hong Kong and Brazil could adversely affect sales and compliance.

Dropped

  • DroppedRisks Related to the Restaurant Industry

    Further, the tight labor market in the United States has further strained and could continue to strain our ability to keep our restaurants fully staffed. If we are unable to attract and retain sufficiently experienced and capable management personnel, our business and financial results may suffer

  • DroppedRisks Related to Our Indebtedness

    We may incur substantial additional indebtedness in the future, subject to the restrictions contained in our credit agreement. If new indebtedness is added to our current debt levels, the related risks that we now face could increase

Reworded

  • 69% rewrittenRisks Related to the Restaurant Industry

    Failure to recruit, train and retain high-quality leadership, restaurant-level management and hourly team members may inhibit our ability to operate and grow successfully

    Updated executive transition details to reflect 2025 CFO and senior leadership changes instead of 2024 CEO and CFO appointments.

  • 62% rewrittenRisks Related to Our Indebtedness

    Our leverage could adversely affect our ability to raise additional capital to fund our operations or limit our ability to react to changes in the economy or our industry

    Removed specific net indebtedness and borrowing capacity figures of $1.0 billion and $474.0 million, framing leverage more generally.

  • 59% rewrittenRisks Related to Our Business Model and Strategy

    Failure to execute successfully our turnaround strategy or to achieve projected cost savings from our efficiency initiatives could adversely affect our results of operations and limit growth opportunities for our brands

    Added specific references to the company's turnaround strategy, dine-in experience focus, brand relevancy, and culture investments.

    Was: Failure to achieve projected cost savings from our efficiency initiatives could adversely affect our results of operations and eliminate potential funding for growth opportunities

  • 57% rewrittenRisks Related to Our Business Model and Strategy

    We have limited control with respect to the operations of our franchisees and the business challenges they face, which could have a negative impact on our business

    Added franchisee financial difficulties, restaurant closures, and potential bankruptcy as risks to the company's reputation and results.

    Was: We have limited control with respect to the operations of our franchisees, which could have a negative impact on our business

  • 53% rewrittenRisks Related to Our Business Model and Strategy

    We face a variety of risks associated with doing business in foreign markets that could have a negative impact on our financial performance

    Expanded foreign market risks to include specific factors like political instability, unrest, differing cultures, and cybersecurity threats.

  • 32% rewrittenRisks Related to Our Business Model and Strategy

    Risks associated with our remodeling, relocation and expansion plans may have adverse effects on our operating results

    Added a specific plan announced in 2025 to remodel nearly all Outback Steakhouse restaurants by the end of 2028.

  • 26% rewrittenRisks Related to Our Business Model and Strategy

    There are risks and uncertainties associated with strategic actions and initiatives that we may implement

    Replaced the specific December 2024 sale of 67% of Brazil operations with general mentions of operational initiatives from the turnaround plan.

    Was: There are risks and uncertainties associated with strategic actions and initiatives that we may implement, including not realizing the intended benefits of the Brazil Sale Transaction

  • 23% rewrittenRisks Related to Our Common Stock

    An impairment in the carrying value of our goodwill or other intangible or long-lived assets could adversely affect our financial condition and results of operations

    Removed a sentence regarding how unforeseen events make developing forecasts and asset valuations slower and more difficult.

  • 23% rewrittenRisks Related to Government Regulation

    If we fail to adequately address corporate citizenship and sustainability matters, it could have an adverse effect on our business, financial condition, and operating results and may damage our reputation

  • 21% rewrittenRisks Related to the Restaurant Industry

    Food safety and food-borne illness concerns in our restaurants or throughout the industry or supply chain may have an adverse effect on our business by reducing demand and increasing costs

  • 20% rewrittenRisks Related to the Restaurant Industry

    If our suppliers or distributors are unable to fulfill their obligations under their contracts or we are unable to develop or maintain relationships with these or new suppliers or distributors, if needed, we could encounter supply shortages and incur higher costs

All 30 risk factors

Headings as the filing states them, in filing order.

Risks Related to the Restaurant Industry

  1. 01Food safety and food-borne illness concerns in our restaurants or throughout the industry or supply chain may have an adverse effect on our business by reducing demand and increasing costs21% rewritten
  2. 02The restaurant industry is highly competitive and consumer options for other prepared food offerings continue to expand. Our inability to compete effectively could adversely affect our business, financial condition and results of operations
  3. 03Failure to recruit, train and retain high-quality leadership, restaurant-level management and hourly team members may inhibit our ability to operate and grow successfully69% rewritten
  4. 04The food service industry is affected by consumer preferences and perceptions. Changes in these preferences and perceptions may lessen the demand for our products, which would reduce sales and harm our business
  5. 05If our suppliers or distributors are unable to fulfill their obligations under their contracts or we are unable to develop or maintain relationships with these or new suppliers or distributors, if needed, we could encounter supply shortages and incur higher costs20% rewritten
  6. 06Our inability or failure to recognize, respond to and effectively manage the accelerated impact of social media could have a material adverse impact on our business

Risks Related to Government Regulation

  1. 07We are subject to various federal and state employment and labor laws and regulations
  2. 08Our failure to comply with government regulation related to our restaurant operations, and the costs of compliance or non-compliance, could adversely affect our business
  3. 09Changes in tax laws, uncertainty in the judicial interpretation of those laws and unanticipated tax liabilities could adversely affect the taxes we pay and our profitability
  4. 10If we fail to adequately address corporate citizenship and sustainability matters, it could have an adverse effect on our business, financial condition, and operating results and may damage our reputation23% rewritten

Risks Related to Our Business Model and Strategy

  1. 11Failure to execute successfully our turnaround strategy or to achieve projected cost savings from our efficiency initiatives could adversely affect our results of operations and limit growth opportunities for our brands59% rewritten
  2. 12Our success depends substantially on the value of our brands and our ability to execute innovative marketing and consumer relationship initiatives to maintain brand relevance and drive profitable sales growth
  3. 13There are risks and uncertainties associated with strategic actions and initiatives that we may implement26% rewritten
  4. 14We have limited control with respect to the operations of our franchisees and the business challenges they face, which could have a negative impact on our business57% rewritten
  5. 15Risks associated with our remodeling, relocation and expansion plans may have adverse effects on our operating results32% rewritten
  6. 16We face a variety of risks associated with doing business in foreign markets that could have a negative impact on our financial performance53% rewritten
  7. 17the United States as well as globally, including in Hong Kong, in connection with civil rights, liberties, and social and governmental reformNew

Risks Related to Inflation and Macroeconomic Disruption

  1. 18Challenging economic, political and social conditions may have a negative effect on our business and financial results
  2. 19Increased commodity, energy and other costs could decrease our profit margins or cause us to limit or otherwise modify our menus or increase prices, which could adversely affect our business

Risks Related to Information Technology, Privacy and Intellectual Property

  1. 20Cybersecurity breaches of confidential consumer, personal employee and other material information, the use of artificial intelligence tools and other threats to our technological systems may adversely affect our business
  2. 21Our failure or inability to enforce our trademarks or other proprietary rights could adversely affect our competitive position or the value of our brand

Risks Related to Our Indebtedness

  1. 22Our leverage could adversely affect our ability to raise additional capital to fund our operations or limit our ability to react to changes in the economy or our industry62% rewritten
  2. 23Our debt agreements contain restrictions that limit our flexibility in operating our business

Risks Related to Our Common Stock

  1. 24Our stock price is subject to volatility
  2. 25Our ability to raise capital in the future may be limited, which could make us unable to fund our capital requirements
  3. 26Provisions in our certificate of incorporation and bylaws and Delaware law may discourage, delay or prevent a change of control of our Company or changes in our management and, therefore, may depress the trading price of our stock
  4. 27Litigation could have a material adverse impact on our business and our financial performance
  5. 28Our insurance policies may not provide adequate levels of coverage against all claims, and fluctuating insurance requirements and costs could negatively impact our profitability
  6. 29An impairment in the carrying value of our goodwill or other intangible or long-lived assets could adversely affect our financial condition and results of operations23% rewritten
  7. 30Failure to maintain effective systems of internal control over financial reporting and disclosure controls and procedures could adversely affect our business and financial results

Other Bloomin' Brands 10-Ks

  • FY2024 10-K risk factors
    31 risks

    Bloomin' Brands faces major risks from food safety incidents, intense restaurant competition, labor shortages, and high debt levels.

    Filed Feb 26, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.