Dine Brands Manages To Beat On Q2

  • Dine Brands Global Inc DIN reported second-quarter FY22 sales growth of 1.8% year-on-year to $237.79 million, beating the consensus of $236.45 million.
  • Applebee's comparable same-restaurant sales rose 1.8%, and IHOP's increased 3.6%.
  • Gross profit declined 3.2% Y/Y to $95.7 million. Adjusted EBITDA fell 7.8% Y/Y to $66.1 million.
  • Adjusted EPS of $1.65 beat the analyst consensus of $1.63.
  • The company held $329.7 million in cash and equivalents as of June 30, 2022. Cash provided by operating activities for the six months amounted to $29.9 million with an adjusted free cash flow of $23.1 million.
  • CFO Vance Chang, said, "We remain cautiously optimistic about Dine's near-term outlook and are reaffirming our 2022 guidance."
  • Price Action: DIN shares traded lower by 0.75% at $71.84 on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsSmall CapBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!