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Dec 31, 2022
Dine Brands Q4 2022 Earnings Report
Reported solid quarterly comparable sales for Applebee's and IHOP, expanded into the fast-casual segment with the acquisition of Fuzzy's Taco Shop, and returned over $151 million to shareholders while retiring $40 million of long-term debt.
Key Takeaways
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.
Applebee’s year-over-year comparable same-restaurant sales increased 1.7%.
IHOP’s year-over-year domestic comparable same-restaurant sales increased 2.0%.
Total revenues for the fourth quarter of 2022 were $208.0 million.
Adjusted earnings per diluted share of $1.34 for the fourth quarter of 2022.
Dine Brands
Dine Brands
Dine Brands Revenue by Segment
Revenue by Segment
Company Restaurant Sales Revenue
CapyFin.com Forward Guidance
The Company introduced its fiscal 2023 guidance items:
Positive Outlook
- Domestic development activity by IHOP franchisees and area licensees is now expected to be between 45 and 60 net new openings.
- Consolidated adjusted EBITDA is expected in the range of between approximately $243 million and $255 million.
- G&A expenses are expected to range between approximately $200 million and $210 million, due to some of our planned 2022 G&A investments extended into 2023 given the disruptions caused by the pandemic last year and other organic investments, including Fuzzy’s.
- This range includes non-cash stock-based compensation expense and depreciation of approximately $30 million.
- Gross capital expenditures are expected to range between $33 million and $38 million.
Challenges Ahead
- Domestic development activity by Applebee’s franchisees of between 10 and 20 net fewer restaurants.
- Domestic development activity by Applebee’s franchisees of between 10 and 20 net fewer restaurants.
- Domestic development activity by Applebee’s franchisees of between 10 and 20 net fewer restaurants.
- Domestic development activity by Applebee’s franchisees of between 10 and 20 net fewer restaurants.
- Domestic development activity by Applebee’s franchisees of between 10 and 20 net fewer restaurants.