IHOP Parent Dine Brands' Q1 Earnings Top Estimates On Continued Business Improvement

  • Dine Brands Global Inc DIN reported first-quarter FY22 sales growth of 12.8% year-on-year to $230.42 million, marginally beating the consensus of $230.08 million.
  • Domestic same-restaurant sales for Applebee's rose 14.3% and IHOP's increased 18.1% versus last year.
  • Gross profit grew 9% Y/Y to $92.8 million. Adjusted EBITDA rose 12.2% Y/Y to $65.2 million.
  • General and administrative expenses increased 4% Y/Y to $41.5 million.
  • Adjusted EPS of $1.54 beat the consensus of $1.44.
  • The company held $358.3 million in cash and equivalents as of March 31, 2022.
  • Effective April 1, 2022, the company's board approved a new share repurchase program of up to $250 million.
  • Outlook: Dine Brands reiterated its FY22 adjusted EBITDA outlook of $235 million - $250 million.
  • Price Action: DIN shares traded lower by 3.75% at $70.85 on Wednesday.

Posted In: BriefsEarningsNewsGuidanceSmall Cap

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.