earnings
confidence medium
sentiment negative
materiality 0.70
Dine Brands Q2 2024: Applebee's and IHOP comp sales decline; adj. EPS down, guidance revised
Dine Brands Global, Inc.
2024-Q2 EPS reported
$2.64
revenue$412,502,000
- Applebee's domestic comparable same-restaurant sales down 1.8% YoY; IHOP down 1.4%.
- Total revenues $206.3M vs $208.4M in Q2 2023, a decrease of about 1%.
- GAAP EPS $1.50 vs $1.16; adjusted EPS $1.71 vs $1.82, reflecting higher G&A costs.
- Management revises full-year financial guidance citing macro headwinds; no specific numbers provided.
- Off-premise mix declined: Applebee's 21.4% from 22.6%, IHOP 19.8% from 20.7%.