Smithtown, New York, May 08, 2024 (GLOBE NEWSWIRE) -- America's VetDogs, a national nonprofit that provides service dogs to veterans, active-duty service members, and first responders with disabilities, announced a new partnership with IHOP to celebrate Military Appreciation Month. Throughout the month of May, customers at all 19 Long Island IHOP restaurants, representing each IHOP franchisee in Nassau and Suffolk counties, will be able to buy a coupon booklet with a $40 value for only $5. IHOP will donate ...

For the quarter ended March 2024, Dine Brands (DIN) reported revenue of $206.24 million, down 3.5% over the same period last year. EPS came in at $1.33, compared to $1.97 in the year-ago quarter.The reported revenue represents a surprise of -2.48% over the Zacks Consensus Estimate of $211.48 million. With the consensus EPS estimate being $1.59, the EPS surprise was -16.35%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...

Dine Brands (DIN) came out with quarterly earnings of $1.33 per share, missing the Zacks Consensus Estimate of $1.59 per share. This compares to earnings of $1.97 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.35%. A quarter ago, it was expected that this parent company of Applebee's and IHOP restaurants would post earnings of $1.12 per share when it actually produced earnings of $1.40, delivering a surprise of 25%.Over t ...

Financial Performance - Total revenues for the first quarter of 2024 were $206.235 million, a decrease of 3.5% from $213.767 million in the same period of 2023[14] - Net income for the first quarter of 2024 was $17.473 million, down 36.2% from $27.410 million in the first quarter of 2023[14] - Franchise revenues decreased to $175.877 million in Q1 2024, compared to $179.962 million in Q1 2023, reflecting a decline of 2.3%[14] - Company restaurant sales significantly dropped to $274,000 in Q1 2024 from $1.057 million in Q1 2023[14] - The company reported a gross profit of $97.424 million for Q1 2024, down from $103.616 million in Q1 2023, a decrease of 5.9%[14] - Basic earnings per share for Q1 2024 were $1.13, compared to $1.75 in Q1 2023, reflecting a decline of 35.4%[14] - Net income for the three months ended March 31, 2024, was $17.473 million, a decrease of 36.3% compared to $27.410 million for the same period in 2023[18] - Total revenue for the three months ended March 31, 2024, was $206.2 million, down 3.5% from $213.8 million in the same period last year[155] - Total gross profit for the three months ended March 31, 2024, was $97.4 million, down 6.0% from $103.7 million in the same period last year[156] Cash Flow and Liquidity - Cash flows provided by operating activities increased to $30.553 million in Q1 2024 from $16.076 million in Q1 2023, representing an increase of 90%[18] - The company reported a net change in cash of $11.533 million for Q1 2024, contrasting with a decrease of $89.880 million in Q1 2023[18] - Total cash, cash equivalents, and restricted cash at the end of Q1 2024 was $212.125 million, compared to $235.104 million at the end of Q1 2023[18] - The company’s cash and cash equivalents were $144.994 million as of March 31, 2024, slightly down from $146.034 million at the end of 2023[11] - Current restricted cash increased to $47.6 million as of March 31, 2024, compared to $35.1 million as of December 31, 2023[125] - Adjusted free cash flow for the three months ended March 31, 2024, improved to $29.8 million from $2.3 million in the same period of the prior year[198] Expenses and Liabilities - Total current assets decreased to $317.199 million as of March 31, 2024, down from $357.778 million at the end of 2023, a decline of 11.3%[11] - Total liabilities decreased to $1.940 billion as of March 31, 2024, compared to $1.991 billion at the end of 2023, a reduction of 2.6%[11] - General and administrative (G&A) expenses increased by 2.2% to $52.2 million, primarily due to higher compensation-related expenses and consumer research expenses[171] - Interest expense, net increased by $3.4 million to $18.1 million, attributed to higher interest rates on refinanced notes and borrowings[172] - Total interest expense for Q1 2024 was $19.2 million, compared to $15.7 million in Q1 2023, an increase of 22%[113] Franchise Operations - Total franchise revenue for the three months ended March 31, 2024, was $175.877 million, a decrease of 2.4% from $179.962 million in the same period of 2023[35] - Royalties generated $80.212 million in Q1 2024, down from $83.438 million in Q1 2023, reflecting a decline of 2.7%[35] - Advertising fees amounted to $75.261 million in Q1 2024, compared to $77.037 million in Q1 2023, representing a decrease of 2.3%[35] - Applebee's franchise restaurant sales decreased to $1,120.9 million in Q1 2024 from $1,190.3 million in Q1 2023, a decline of 5.8%[149] - IHOP franchise restaurant sales increased slightly to $803.8 million in Q1 2024 from $802.2 million in Q1 2023, reflecting a 0.2% increase[149] - Total franchise revenues decreased by $4.0 million to $175.9 million in Q1 2024, with Applebee's franchise fees down by $2.2 million and Fuzzy's franchise fees down by $0.7 million[164] Stock and Dividends - The company repurchased $6 million worth of common stock during Q1 2024, compared to $5 million in Q1 2023[18] - Dividends paid on common stock decreased to $7.827 million in Q1 2024 from $15.971 million in Q1 2023, a reduction of 51%[18] - The Company declared dividends of $0.51 per share for the three months ended March 31, 2024, totaling $7.8 million, down from $16.0 million in the same period of 2023[87] - During the three months ended March 31, 2024, the Company repurchased 128,479 shares at a cost of $6.0 million, totaling 1,724,257 shares repurchased under the 2022 Repurchase Program[191] Tax and Regulatory - The effective tax rate for the three months ended March 31, 2024, was 27.3%, compared to 24.2% for the same period in 2023[93] - The total gross unrecognized tax benefit as of March 31, 2024, was $3.9 million, an increase from $3.5 million as of December 31, 2023[94] Restaurant Operations - The company operated 1,636 Applebee's restaurants and 1,809 IHOP restaurants as of March 31, 2024, with operations in multiple countries[108] - The number of effective restaurants decreased by 38 for Applebee's, while IHOP saw an increase of 27 effective restaurants during the same period[137] - Applebee's system-wide domestic same-restaurant sales decreased by 4.6% for the three months ended March 31, 2024, primarily due to a decrease in traffic[138] - IHOP's system-wide domestic same-restaurant sales decreased by 1.7% for the same period, attributed to a decrease in traffic, partially offset by an increase in average check[142] - Fuzzy's system-wide domestic same-restaurant sales decreased by 9.8% for the three months ended March 31, 2024, primarily due to a decrease in traffic[145]

News Release Investor Contact Matt Lee Sr. Vice President, Finance and Investor Relations Dine Brands Global, Inc. IR@dinebrands.com Media Contact Susan Nelson Sr. Vice President, Global Communications Dine Brands Global, Inc. Mediainquiries@dinebrands.com Dine Brands Global, Inc. Reports First Quarter 2024 Results PASADENA, Calif., May 8, 2024 – Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill & Bar®, IHOP® and Fuzzy's Taco Shop® restaurants, today announced financi ...

Analysts on Wall Street project that Dine Brands (DIN) will announce quarterly earnings of $1.59 per share in its forthcoming report, representing a decline of 19.3% year over year. Revenues are projected to reach $211.48 million, declining 1.1% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company' ...

The collaboration adds two new brands and expands to 1700 digital storefronts, in locations across the countryLink to AssetsLOS ANGELES, April 24, 2024 /PRNewswire/ -- Virtual Dining Concepts (VDC), the platform for adding revenue to restaurants, is thrilled to expand its collaboration with IHOP, as a provider of virtual brands for the iconic restaurant chain. This expansion allows three of VDC's top brands to be available for delivery from IHOP restaurants nationwide, attracting new and existing guests. Th ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation m ...

PHOENIX--(BUSINESS WIRE)--The International Franchise Association (IFA) named two Dine Brands Franchisees as 2023 Franchisees of the Year. Susan Mendenhall, an IHOP Franchisee, and Marc Rogers, a Fuzzy’s Taco Shop Franchisee, were honored at the 64th IFA Annual Convention in Phoenix, Ariz., for being an outstanding franchise establishment owner-operator. “Franchisees of the Year exemplify what franchising is all about – providing opportunity, serving others, and fulfilling the American Dream,” said Matth ...

Dine Brands Global, Inc. (DIN) reported fourth-quarter fiscal 2023 results, wherein earnings surpassed the Zacks Consensus Estimate, while revenues were in line.Adjusted earnings per share (EPS) were $1.40 per share, beating the consensus estimate of $1.12. In the prior-year quarter, the company reported EPS of $1.34. The rise primarily stemmed from a boost in segment profit, a reduction in general and administrative expenses and a decrease in the number of weighted-average diluted shares due to share buyba ...