Dine Brands Global (DIN) Misses Q1 EPS by 24c, reiterates guidance

Dine Brands Global (NYSE: DIN) reported Q1 EPS of $1.33, $0.24 worse than the analyst estimate of $1.57. Revenue for the quarter came in at $206.2 million versus the consensus estimate of $210.54 million.

Financial Performance Guidance for 2024

The Company reiterated its fiscal year 2024 guidance items:

Reiterated: Applebee’s domestic system-wide comparable same-restaurant sales performance is expected to range between 0% and 2%.

Reiterated: IHOP’s domestic system-wide comparable same-restaurant sales performance is expected to range between 1% and 3%.

Reiterated: Domestic development activity for Applebee’s franchisees is between 25 and 35 net fewer restaurants.

Reiterated: Domestic development activity by IHOP franchisees and area licensees is expected to be between 15 and 25 net new openings.

Reiterated: Consolidated adjusted EBITDA is expected to range between approximately $255 million and $265 million.

Reiterated: G&A expenses are expected to range between approximately $200 million and $210 million. This total includes non-cash stock-based compensation expense and depreciation of approximately $35 million.

Reiterated: Gross capital expenditures are expected to range between approximately $15 million and $20 million.

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

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