Dine Brands Manages To Beat On Q2

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.

Posted In: BriefsEarningsNewsSmall Cap