Dine Brands Q3 revenues $202.6M, EPS down; IHOP comps +2.0% but Applebee's -2.4%

Dine Brands Global, Inc.

2023-Q3 EPS reported $4.09 revenue$624,766,000

GAAP EPS $1.19 vs $1.32 a year ago; adjusted EPS $1.46 vs $1.66.
Total revenues $202.6M, down from $233.2M due to refranchising of 69 Applebee's units and negative comps.
Applebee's domestic same-restaurant sales declined 2.4%; off-premise sales 21.5% of mix.
IHOP domestic same-restaurant sales increased 2.0%; off-premise sales 19.5% of mix.
Company adjusted EBITDA guidance for Q4 based on year-to-date progress.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Dine Brands Global, Inc. reported third quarter of fiscal 2023 results: revenue $202.6 million, net income $18.5 million, EPS $1.19. Guidance lowered.

Period: third quarter of fiscal 2023
Revenue: $202.6 million
Net income: $18.5 million
EPS: $1.19
Guidance: lowered
Result: reported results

Exact text from the filing

19.5% of sales mix, representing per restaurant average weekly sales of approximately $7,400. Third Quarter of 2023 Summary • Total revenues for the third quarter of 2023 were $202.6 million compared to $233.2 million for the third quarter of 2022. The decline was primarily due to the refranchising of the 69 company-operated Applebee’s units in October 2022 and the

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Source: SEC EDGAR

accession 0001193125-23-267706

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