Dine Brands (DIN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Viewpoint - Dine Brands reported a decline in revenue and earnings for the quarter ended September 2024, with revenue of $195.03 million, down 3.7% year-over-year, and EPS of$ 1.44, slightly lower than the previous year's $1.46 [1] Financial Performance - Revenue of$ 195.03 million was below the Zacks Consensus Estimate of $198.87 million, resulting in a surprise of -1.93% [1] - EPS of$ 1.44 exceeded the consensus estimate of $1.33, delivering a surprise of +8.27% [1] Key Metrics - Total number of IHOP restaurants: 1,809, slightly below the average estimate of 1,812 [3] - Domestic same-restaurant sales percentage change for IHOP: -2.1%, compared to the estimated -1.5% [3] - Total number of Applebee's restaurants: 1,620, close to the average estimate of 1,617 [3] - Domestic same-restaurant sales percentage change for Applebee's: -7.1%, worse than the estimated -3.6% [3] - Franchise revenues:$ 166.35 million, below the estimated $169.97 million, representing a -3.6% change year-over-year [3] - Rental revenues:$ 27.99 million, below the estimated $28.95 million, representing a -3.9% change year-over-year [3] - Financing revenues:$ 0.42 million, below the estimated $0.53 million, with a year-over-year change of -32.8% [3] - Company restaurant sales:$ 0.27 million, below the estimated $0.31 million, representing a -13.3% change year-over-year [3] - Advertising revenue from franchise revenues:$ 69.79 million, below the estimated $72.57 million, representing a -4.9% change year-over-year [3] - Royalties, franchise fees, and other revenues:$ 96.57 million, below the estimated $98.15 million, representing a -2.6% change year-over-year [3] Stock Performance - Dine Brands shares have returned +4.6% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]