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Sep 30
Dine Brands Q3 2025 Earnings Report
Dine Brands Q3 2025 Earnings Report
Key Takeaways
Dine Brands Global, Inc. reported mixed financial results for the third quarter of fiscal year 2025, with total revenues increasing but net income and adjusted EBITDA declining compared to the prior year. The company sustained positive sales and traffic trends at Applebee's, driven by value platforms and new menu offerings, while IHOP and Fuzzy's experienced same-restaurant sales decreases. The company also announced a shift in its capital return framework to prioritize share repurchases.
Total revenues increased to $216.2 million in Q3 2025, up from $195.0 million in Q3 2024, primarily due to higher company-owned restaurant sales.
GAAP net income available to common stockholders decreased significantly to $7.0 million ($0.48 EPS) in Q3 2025, compared to $18.5 million ($1.24 EPS) in Q3 2024.
Adjusted EBITDA for Q3 2025 was $49.0 million, a decrease from $61.9 million in the prior year, attributed to higher G&A expenses and investments in company-owned restaurants.
Applebee’s domestic comparable same-restaurant sales increased by 3.1%, while IHOP’s decreased by 1.5% and Fuzzy's domestic same-restaurant sales decreased by 1.5%.
Dine Brands
Dine Brands
Dine Brands Revenue by Segment
Revenue by Segment
Franchise Revenues Revenue
CapyFin.comCompany Restaurant Sales Revenue
CapyFin.comRental Revenues Revenue
CapyFin.comFinancing Revenues Revenue
CapyFin.com Forward Guidance
Dine Brands is on track to exceed its initial 2025 domestic target for new restaurant openings and plans to repurchase at least $50 million of shares over the next two quarters, reflecting confidence in its strategic plan and belief that shares are undervalued. The company is also re-allocating its quarterly dividend to support a larger share repurchase program.
Positive Outlook
- On pace to exceed initial 2025 domestic target for new restaurant openings, with about 30 locations opened or under construction by year-end.
- An additional 50 new restaurant openings planned for 2026.
- Commitment to repurchase at least $50 million of shares over the next two quarters.
- Updated capital return framework to re-allocate quarterly dividend in support of a larger share repurchase program.
- Board of Directors declared a quarterly cash dividend of $0.19 per share, demonstrating confidence in the business.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income