Question: Bloomin’ Brands, Inc. is the corporation behind
Bloomin’ Brands, Inc. is the corporation behind five restaurant chains: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, Fleming’s Prime Steakhouse and Wine Bar, and Roy’s. The following data were taken from its 2016 annual report. All dollar amounts are in thousands.
Required:
a. Compute Bloomin’ Brands’ gross margin percentage for 2016 and 2015.
b. Compute Bloomin’ Brands’ return-on-sales percentage for 2016 and 2015.
c. Based on the percentages computed in Requirements a and b, did Bloomin’ Brands’ performance get better or worse from 2015 to 2016? Speculate as to what might have caused such a dramatic change from 2015 to 2016.
d. Compare Bloomin’ Brands’ gross margin percentages and return-on-sales percentages to those of the other real-world companies covered in this chapter and discuss whether or not it appears to have a better-than-average financial performance.
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Fiscal Years Ending December 25, 2016 December 27, 2015 $4,226,057 1,354,853 41,748 $4,349,921 1,419,689 127,327 Total restaurant sales Cost of goods sold Net income
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