DineEquity (DIN) Tops Q4 EPS by 7c, Offers Guidance

DineEquity (NYSE: DIN) reported Q4 EPS of $1.78, $0.07 better than the analyst estimate of $1.71. Revenue for the quarter came in at $227.51 million versus the consensus estimate of $234.82 million.

GUIDANCE:

DineEquity sees FY2020 EPS of $7.08-$7.28, versus the consensus of $7.55.

• Applebee’s domestic system-wide comparable same-restaurant sales performance is expected to range between 0% and positive 2.0%.
• IHOP’s domestic system-wide comparable same-restaurant sales performance is expected to range between 0% and positive 2.0%.
• Domestic development activity by Applebee’s franchisees is expected to result in net closures between 0 and 10 restaurants.
• Domestic development activity by IHOP franchisees and area licensees are expected to result in net new openings between 40 and 50 restaurants.
• Total segment profit, excluding the company restaurants segment, is expected to be between approximately $385 million and $395 million.
• General and administrative expenses are expected to range between approximately $170 million and $175 million, including non-cash stock-based compensation expense and depreciation totaling approximately $45 million. This projection includes approximately $5 million of general and administrative expenses related to the company restaurants segment.
• GAAP net income is expected to range between approximately $105 million and approximately $115 million.
• Consolidated adjusted EBITDA is expected to range between approximately $275 million and approximately $285 million. This projection includes company restaurants segment EBITDA, which is expected to be between approximately $9 million and approximately $11 million. (See “Non-GAAP Financial Measures” and reconciliation of GAAP net income to consolidated adjusted EBITDA.)
• Capital expenditures are expected to be approximately $17 million, inclusive of approximately $4 million related to the company restaurants segment.
• GAAP earnings per diluted share is expected to range from $6.40 to $6.60.

For earnings history and earnings-related data on DineEquity (DIN) click here.

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