Bloomin' Brands, Inc. (NASDAQ:BLMN) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET

Company Participants

Tara Kurian - Vice President of Corporate Finance and Investor Relations
Mike Spanos - Chief Executive Officer
Michael Healy - Executive Vice President & Chief Financial Officer

Conference Call Participants

Jeffrey Bernstein - Barclays
Alex Slagle - Jefferies
John Ivankoe - JPMorgan
Brian Harbour - Morgan Stanley
Jeffrey Farmer - Gordon Haskett
Sara Senatore - Bank of America
Dennis Geiger - UBS
Brian Mullan - Piper Sandler
Jon Tower - Citigroup
Brian Vaccaro - Raymond James
Andrew Strelzik - BMO

Tara Kurian

Thank you and good morning, everyone. With me on today's call are Mike Spanos, our Chief Executive Officer; and Michael Healy, Chief Financial Officer and Executive Vice President. By now, you should have access to our Fiscal Third Quarter 2024 Earnings release. It can also be found on our website at www.bloominbrands.com in the Investor Section. Throughout this conference call, we will be presenting results on an adjusted basis. An explanation of our use of non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures appear in our earnings release on our website as previously described.

Before we begin formal remarks, I'd like to remind everyone that part of our discussion today will include forward-looking statements, including a discussion of recent trends. These statements are subject to numerous risks and uncertainties that could cause actual results to differ in a material way from our forward-looking statements. Some of these risks are mentioned in our earnings release, Others are discussed in our SEC filings which are available at www.sec.gov. During today's call, we will provide a brief recap of our financial performance for the fiscal third quarter 2024 and overview of company highlights and current thoughts on fiscal 2024 guidance. Once we've completed these remarks, we'll open the call up for questions.

With that, I would now like to turn the call over to Mike Spanos.

Mike Spanos

Thanks, Tara and good morning, everyone. It is a privilege to be leading the Bloomin' Brands team. We have iconic brands, passionate and resilient team members and a culture grounded in taking care of our people, our employees, customers, suppliers and communities.

I am excited and wanted to be part of this tremendous team for 2 reasons: First, my family and I are long-time loyals of all of the Bloomin' Brands, including my late father who always felt so special going to Outback with my mom every Friday night to have a high-quality steak and a beer at a great value in a fun casual environment. Whether it has been a great steak with my wife and kids at Outback, a dinner with my in-laws for Italian at Carrabba's, a birthday dinner for my mom at Bonefish for fresh seafood or an elevated steak dinner at Fleming's, our brands have provided my family with fun and memorable experiences. The excitement to be part of the team has only increased after spending time working in our restaurants with our great team members from cutting fillets to shaking handcrafted cocktails nothing beats the hands-on approach to learning the operations of a business.