earnings
confidence high
sentiment neutral
materiality 0.70
Dine Brands Q2 GAAP EPS $1.16, adjusted EPS $1.82; IHOP comps +2.1%, Applebee's -1.0%
Dine Brands Global, Inc.
2023-Q2 EPS reported
$2.91
revenue$422,182,000
- GAAP diluted EPS $1.16, down from $1.45; adjusted diluted EPS $1.82, up from $1.65.
- IHOP comps +2.1% (9th consecutive positive quarter); Applebee's comps -1.0%.
- Total revenues H1 2023 $422.2M vs $468.2M; decline due to refranchising 69 Applebee's units.
- Net income $18.2M vs $24.0M; higher G&A and interest expenses offset by higher gross margin.
- Off-premise sales: Applebee's 22.6% ($12,300/wk), IHOP 20.7% ($8,000/wk).