Bloomin Brands Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
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Item 2. Properties
We had 1,480 system-wide restaurants located across 47 states, Guam and 13 countries as of December 31, 2023. The following is a summary of our restaurant locations by country and territory as of December 31, 2023:
| COMPANY-OWNED | FRANCHISED | ||||||
|---|---|---|---|---|---|---|---|
| United States (1) | 998 | United States | 152 | ||||
| International: | International: | ||||||
| Brazil (2) | 172 | Argentina | 3 | Japan | 9 | ||
| China (Mainland) | 1 | Australia | 8 | Mexico | 4 | ||
| Hong Kong | 18 | Canada | 3 | Qatar | 6 | ||
| Total international Company-owned | 191 | Costa Rica | 2 | Saudi Arabia | 10 | ||
| Dominican Republic | 1 | South Korea (1) | 92 | ||||
| Guam | 1 | ||||||
| Total international franchised | 139 | ||||||
| Total Company-owned | 1,189 | Total franchised | 291 | ||||
(1)Restaurant property counts exclude one and four off-premises only kitchens from Company-owned United States and franchised South Korea totals, respectively.
(2)The count for Brazil is reported as of November 30, 2023 to correspond with the balance sheet date of this subsidiary.
We lease substantially all of our restaurant properties from third parties. As of December 31, 2023, our Company-owned restaurants were located on the following sites by segment:
| U.S. | INTERNATIONAL | TOTAL | PERCENTAGE OF TOTAL | |
|---|---|---|---|---|
| Company-owned sites | 25 | — | 25 | 2% |
| Leased sites: | ||||
| Land, ground and building leases | 692 | 1 | 693 | 58% |
| Space and in-line leases | 281 | 190 | 471 | 40% |
| Total Company-owned restaurant sites | 998 | 191 | 1,189 | 100% |
We also lease corporate offices in Tampa, Florida and São Paulo, Brazil.
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