Question: Bloomin Brands, Inc., is the corporation behind five restaurant chains: Outback Steakhouse, Carrabbas Italian Grill, Bonefish Grill, Flemings Prime Steakhouse and Wine Bar, and Roys.

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 2013 annual report. All dollar amounts are in thousands.

Required
a. Compute Bloomin€™ Brands€™ gross margin percentage for 2013 and 2012.
b. Compute Bloomin€™ Brands€™ return on sales percentage for 2013 and 2012.
c. Based on the percentages computed in Requirements a and b, did Bloomin€™ Brands€™ performance get better or worse from 2012 to 2013?
d. Compare Bloomin€™ Brands€™ gross margin percentages and return on sales percentages to those of the other real-world companies discussed in this chapter and discuss whether or not it appears to have better than average financial performance.

Fiscal Years Ending December 31,2013 Dcember 31, 2012 Total restaurant sales Cost of goods sold Net income $4,089,128 1,333,842 214,568 $3,946,116 1,281,002 61,304

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