Dine Brands Q1 2022 Earnings Report
Key Takeaways
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.
Consolidated revenues increased by 13% year-over-year to $230.4 million.
Gross profit improved by 9% year-over-year to $92.8 million.
The company repurchased $41 million of its outstanding common stock.
Applebee’s and IHOP franchisees opened 11 new restaurants.
Dine Brands
Dine Brands
Dine Brands Revenue by Segment
Forward Guidance
The Company reiterates expectations for general and administrative expenses to range between approximately $188 million and $198 million, including non-cash stock-based compensation expense and depreciation of approximately $30 million. This range reflects incremental investments in technology and operational initiatives as well as unit development and is inclusive of general and administrative expenses related to the company restaurants segment.
Positive Outlook
- General and administrative expenses to range between approximately $188 million and $198 million.
- Capital expenditures to range between $33 million and $38 million.
- Domestic development activity by IHOP franchisees and area licensees to result in net new openings between 50 and 65 restaurants.
- Domestic development activity by Applebee’s franchisees to result in between 5 and 15 net fewer restaurants.
- Consolidated adjusted EBITDA to range between approximately $235 million and $250 million.