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BLMN > SEC Filings for BLMN > Form 8-K on 4-Mar-2014All Recent SEC Filings

Show all filings for BLOOMIN' BRANDS, INC.



Regulation FD Disclosure, Financial Statements and Exhibits

Item 7.01 Regulation FD Disclosure.

Bloomin' Brands, Inc. (the "Company") is providing the following information for purposes of satisfying its obligations under Regulation FD.

The Company has identified the following items that are expected to impact first quarter 2014 financial results. The Company's previously announced fiscal 2014 full-year guidance takes these items into account.

Comparable sales for Company-owned core domestic concepts are expected to be in the range of -1.0% to 1.0% in the first quarter, driven primarily by unfavorable weather.

The annual managing partner's conference, the cost of which is approximately $3.0 million, will be held in the second quarter of 2014. In 2013, the conference was held in the first quarter.

Other restaurant operating expenses, including marketing expenditures and the timing of printing and production of gift cards, as well as menu and uniform costs associated with initiatives such as the Carrabba's Italian Grill menu rollout in early March, are expected to be higher in the first quarter of 2014 as compared to 2013.

The first quarter 2014 effective income tax rate is expected to be in the range of 27.0% to 29.0%. The effective income tax rate in the first quarter of 2013 was 14.1%.

The information contained in this Item is being furnished and shall not be deemed "filed" for any purpose, and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, regardless of any general incorporation language in any such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

  Number    Description

  99.1      Press release issued by the Company on March 4, 2014.

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