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A Deeper Dive Into Dine Brands' Weakness
DINDine Brands(DIN) Seeking Alpha·2024-06-17 14:34

photobyphm/iStock Editorial via Getty Images My Rating History on DIN (Seeking Alpha) Underneath the weak financials, same-restaurant sales are performing poorly, as Applebed's showed -5.9% a year-over-year performance in the quarter. IHOP's same- restaurant sales declined by -1.7%. Fuzzy's, representing a minimal part of total revenues, had the worst performance at -9.8%. The weaker foot traffic ultimately had an impact on profitability, as the operating margin declined from 23.3% to 20.5%. The 2024 financ ...