Dine Brands(US:DIN) ZACKS·2024-08-07 14:36Core Viewpoint - Dine Brands (DIN) reported a revenue of $206.27 million for the quarter ended June 2024, reflecting a year-over-year decline of 1% and an EPS of $1.71, down from $1.82 a year ago, with a revenue surprise of -2.20% compared to the Zacks Consensus Estimate [1] Financial Performance - Total number of restaurants: 3,434, below the average estimate of 3,465 based on five analysts [3] - IHOP domestic same-restaurant sales percentage change: -1.4%, compared to an estimated increase of 0.6% [3] - Number of Applebee's restaurants: 1,625, slightly below the average estimate of 1,627 [3] - Total number of IHOP restaurants: 1,809, close to the average estimate of 1,812 [4] - Applebee's domestic same-restaurant sales percentage change: -1.8%, compared to an estimated increase of 0.5% [4] Revenue Breakdown - Franchise revenues: $176.50 million, below the estimated $180.40 million, representing a -0.8% change year-over-year [5] - Rental revenues: $29.01 million, compared to the average estimate of $29.73 million, reflecting a -1.5% year-over-year change [6] - Financing revenues: $0.46 million, below the estimated $0.55 million, showing a significant -20.6% change year-over-year [7] - Company restaurant sales: $0.30 million, exceeding the average estimate of $0.27 million, but representing a -36.9% year-over-year change [8] - Franchise advertising revenue: $74.52 million, below the estimated $77.04 million, indicating a -1.9% change year-over-year [9] - Franchise royalties, fees, and other revenues: $101.98 million, slightly below the average estimate of $102.81 million, with no year-over-year change [10] Stock Performance - Dine Brands shares have returned +1.5% over the past month, contrasting with the Zacks S&P 500 composite's -5.9% change, currently holding a Zacks Rank 4 (Sell) [10]