Dine Brands Global (DIN) Tops Q4 EPS by 8c

Dine Brands Global (NYSE: DIN) reported Q4 EPS of $1.34, $0.08 better than the analyst estimate of $1.26. Revenue for the quarter came in at $208 million versus the consensus estimate of $214.4 million.

Financial Performance Guidance for 2023:

The Company introduced its fiscal 2023 guidance items:

• Domestic development activity by Applebee’s franchisees of between 10 and 20 net fewer restaurants.
• Domestic development activity by IHOP franchisees and area licensees is now expected to be between 45 and 60 net new openings.
• Consolidated adjusted EBITDA is expected in the range of between approximately $243 million and $255 million.
• G&A expenses are expected to range between approximately $200 million and $210 million, due to some of our planned 2022 G&A investments extended into 2023 given the disruptions caused by the pandemic last year and other organic investments, including Fuzzy’s. This range includes non-cash stock-based compensation expense and depreciation of approximately $30 million.
• Gross capital expenditures are expected to range between $33 million and $38 million.

For earnings history and earnings-related data on Dine Brands Global (DIN) click here.

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