Loading...
•
Dec 31, 2024
Dine Brands Q4 2024 Earnings Report
Dine Brands reported a decline in revenue and net income in Q4 2024, impacted by lower same-restaurant sales.
Key Takeaways
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.
Q4 2024 revenue declined to $204.8 million from $206.3 million in Q4 2023.
GAAP net income fell to $5.0 million from $32.3 million in Q4 2023.
Adjusted net income was $12.9 million, and adjusted EBITDA reached $50.1 million.
Applebee’s and IHOP both reported negative same-restaurant sales growth of 4.7% and 2.8%, respectively.
Dine Brands
Dine Brands
Dine Brands Revenue by Segment
Revenue by Segment
Company Restaurant Sales Revenue
CapyFin.com Forward Guidance
Dine Brands expects continued market volatility in 2025, with Applebee’s and IHOP same-restaurant sales ranging from slight declines to modest growth. Adjusted EBITDA is projected between $235 million and $245 million.
Positive Outlook
- Applebee’s and IHOP same-restaurant sales are projected to stabilize within -2% to +2% range in 2025.
- Consolidated adjusted EBITDA forecasted between $235 million and $245 million.
- G&A expenses expected to be controlled at $200 million to $205 million.
- Planned capital expenditures between $20 million and $30 million.
- Company remains committed to shareholder returns with dividends and share repurchases.
Challenges Ahead
- Applebee’s and IHOP both reported declining same-restaurant sales in Q4 2024.
- Franchise revenues continue to be pressured by weak consumer demand.
- Closure and impairment charges increased significantly year-over-year.
- Total company-owned Applebee's locations increased due to franchise acquisitions, impacting margins.
- Market conditions and inflationary pressures remain key risks for 2025.