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.
Applebee’s year-over-year comparable same-restaurant sales increased 11.9%.
IHOP’s comparable same-restaurant sales decreased 0.9%.
The company repaid $220 million drawn against its revolving credit facility.
Adjusted earnings per diluted share of $1.75 compared to adjusted earnings per diluted share of $1.45 for the first quarter of 2020.
The Company believes that its consolidated financial results for 2021 could continue to be materially impacted by the global impact from COVID-19 and cannot provide a complete business outlook for fiscal 2021.