Dine Brands reported Q4 2024 revenue of $204.8 million, a slight decline from the previous year due to lower franchise revenues. GAAP net income fell significantly to $5.0 million, driven by lower segment profit and increased impairment charges. Adjusted net income was $12.9 million, and adjusted EBITDA was $50.1 million. The company announced cautious 2025 guidance amid ongoing market volatility.
Dine Brands Global, Inc. reported a decrease in total revenues for Q3 2024, primarily due to negative comparable same-restaurant sales growth at Applebee’s and IHOP. Despite the revenue decline, the company's adjusted EBITDA increased slightly, and GAAP net income available to common stockholders also increased.
Dine Brands Global, Inc. reported a decrease in total revenues for Q2 2024, primarily due to negative comparable same-restaurant sales growth at Applebee’s and IHOP. Despite these challenges, the company remains confident in its strategies around profitable promotions, menu innovation, and development to manage short-term difficulties and position for long-term growth. The company is revising its financial guidance for the remainder of the fiscal year to reflect the current macro conditions.
Dine Brands Global reported a decrease in total revenues for the first quarter of 2024, driven by negative comparable same-restaurant sales growth at Applebee's and IHOP, partially offset by increases in the number of effective franchise restaurants and proprietary product sales at IHOP. The company is focusing on value offerings and targeted promotions to improve performance.
Dine Brands Global, Inc. announced its Q4 and fiscal year 2023 financial results, with total revenues for the fourth quarter of 2023 were $206.3 million compared to $208.0 million for the fourth quarter of 2022. GAAP net income available to common stockholders was $32.3 million, or earnings per diluted share of $2.14, for the fourth quarter of 2023 compared to net income available to common stockholders of $11.0 million, or earnings per diluted share of $0.72 for the fourth quarter of 2022.
Dine Brands Global reported a decrease in total revenues for Q3 2023 to $202.6 million compared to $233.2 million in Q3 2022, primarily due to the refranchising of company-operated Applebee's units and negative comparable sales growth at Applebee's, offset by positive growth at IHOP. Net income also decreased to $18.5 million from $20.9 million year-over-year.
Dine Brands Global, Inc. reported its second quarter 2023 results, demonstrating resilience with IHOP posting positive comparable restaurant sales while Applebee's saw a slight decline. The company is focused on investing in its brands, driving growth, and maximizing returns through disciplined value creation and focus on guest demand.
Dine Brands Global, Inc. reported total revenues of $214 million for Q1 2023, compared to $230 million for the same period in 2022. Net income for the quarter was $27.4 million, an increase from $24.9 million in the prior year. The company highlighted the strength of its brands and strong execution in a challenging operating environment.
Dine Brands Global, Inc. reported fourth-quarter results with total revenues of $208.0 million and adjusted earnings per diluted share of $1.34. Applebee's and IHOP showed positive comparable sales growth. The company also acquired Fuzzy's Taco Shop and returned capital to shareholders.
Dine Brands Global, Inc. reported a revenue increase for the third quarter of 2022, with Applebee's and IHOP posting positive comparable restaurant sales. Total revenues reached $233.2 million, up from $228.7 million in the third quarter of 2021. Adjusted EBITDA was $63.6 million, slightly ahead of the previous year.
Dine Brands Global, Inc. announced its financial results for the second quarter of fiscal 2022. The company reported total revenues of $237.8 million, an increase compared to $233.6 million for the second quarter of 2021. Applebee’s and IHOP both achieved positive comparable sales, with average weekly sales exceeding pre-pandemic levels.
Dine Brands Global, Inc. reported a 13% increase in consolidated revenues, reaching $230.4 million, and a 9% improvement in gross profit, totaling $92.8 million compared to the previous year. The company also repurchased $41 million of its outstanding common stock and saw the opening of 11 new restaurants by Applebee’s and IHOP franchisees.
Dine Brands Global, Inc. reported a 17% increase in consolidated revenues to $229.6 million and a 43% improvement in gross profit to $96.5 million for the fourth quarter of 2021. Domestic average weekly unit sales for both Applebee's and IHOP exceeded pre-pandemic levels for the second consecutive quarter.
Dine Brands Global, Inc. reported a strong third quarter in 2021, with both IHOP and Applebee's outperforming their competitive sets and exceeding pre-pandemic sales levels. The company's asset-light business model and strategic investments drove system-wide sales growth and long-term sustainable growth.
Dine Brands Global reported strong second-quarter results, driven by significant improvements in comparable sales for both Applebee's and IHOP. Applebee's posted its best quarterly comp sales performance in over a decade relative to 2019, while IHOP's comp sales also improved markedly. The company's solid fundamentals generated significant adjusted free cash flow, enabling it to maintain a healthy cash position. However, the company remains tempered by continued volatility, including labor shortages and variants of COVID-19.
Dine Brands Global, Inc. reported improved first-quarter 2021 results driven by the strength of its brands and the resilience of its franchisees and team members. The company saw meaningful improvement in domestic system-wide comparable same-restaurant sales and repaid $220 million drawn against its revolving credit facility.
Dine Brands Global, Inc. reported fourth-quarter results impacted by the resurgence of COVID-19 cases and related restrictions on dine-in service. Despite these challenges, the company saw robust off-premise growth and maintained a strong cash position. The company is optimistic about improved sales in 2021.
Dine Brands Global, Inc. reported financial results for the third quarter of 2020, with both Applebee's and IHOP showing continued improvements. Off-premise growth drove robust sales as government restrictions eased. As of September 30, 97% of domestic restaurants were open. The company had $389.6 million in total cash.