Earnings summaries and quarterly performance for Dine Brands Global.
Executive leadership at Dine Brands Global.
Board of directors at Dine Brands Global.
Research analysts who have asked questions during Dine Brands Global earnings calls.
Todd Brooks
The Benchmark Company
4 questions for DIN
Also covers: BJRI, CBRL, CHEF +16 more
Brian Mullan
Piper Sandler
3 questions for DIN
Also covers: BJRI, BLMN, BROS +18 more
Brian Vaccaro
Raymond James Financial, Inc.
3 questions for DIN
Also covers: BLMN, CAKE, CAVA +7 more
Dennis Geiger
UBS
3 questions for DIN
Also covers: BLMN, BROS, CAKE +18 more
Eric Gonzalez
KeyBanc Capital Markets
3 questions for DIN
Also covers: CAVA, DENN, DRI +7 more
Jake Bartlett
Truist Securities
2 questions for DIN
Also covers: CBRL, DENN, DRI +11 more
Nick Setyan
Wedbush Securities
2 questions for DIN
Also covers: BJRI, BROS, CAVA +4 more
Pratik Patel
Barclays
2 questions for DIN
Also covers: BJRI, EAT, FWRG +1 more
Jeffrey Bernstein
Barclays
1 question for DIN
Also covers: BJRI, BLMN, BROS +22 more
Larson Rice
Truist Securities, Inc.
1 question for DIN
Also covers: CBRL, LOCO
Recent press releases and 8-K filings for DIN.
Dine Brands Outlines Dual-Brand Expansion and 2026 Strategic Priorities
DIN
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
- Dine Brands is aggressively expanding its dual-brand Applebee's and IHOP restaurant model, with 20 U.S. units currently open, targeting 30 by end of 2025 and 80 by end of 2026, and identifying 900 potential opportunities over the next decade. This strategy significantly boosts revenue by 1.5 to 2.5 times and profit flow-through by approximately three times the margin of the original restaurant, with a payback period of three years or less for franchisees.
- Both Applebee's and IHOP are anchoring their strategies on value offerings for 2026, with Applebee's focusing on its Two for $25 platform and IHOP continuing its $6 House Faves everyday value menu.
- The off-premises business remains a significant and incremental part of sales, accounting for approximately 20% at IHOP and 22%-23% at Applebee's, with Applebee's off-premises growing 5% in 2025.
- Dine Brands anticipates low-to-mid single-digit inflation for its market baskets in 2026, following a period of stabilization in 2025, with key commodities being eggs, coffee, and beef.
- Fuzzy's Taco Shop is being refined with a new "fast casual plus" model that includes table service to encourage higher check averages, with six franchisees already adopting this new approach.
4 days ago
Dine Brands Discusses 2026 Strategy, Dual-Brand Expansion, and Off-Premises Growth
DIN
New Projects/Investments
Revenue Acceleration/Inflection
Demand Weakening
- Dine Brands' Applebee's and IHOP are prioritizing value platforms for 2026, with Applebee's focusing on its "Two for $25" offering and IHOP continuing its "House Faves" $6 value menu, as consumers remain focused on value and the overall dining experience.
- The company is significantly expanding its dual-brand strategy, with 20 Applebee's and IHOP co-branded restaurants currently open in the U.S., aiming for 80 by the end of next year, and identifying 900 potential opportunities over the next decade. These dual-brand locations are reported to increase revenue by 1.5 to 2.5 times and improve profit margins, with a payback period of approximately three years or less for franchisees.
- The off-premises business continues to be a substantial and growing segment, representing around 20% of IHOP's overall sales and 22%-23% at Applebee's, with Applebee's off-premise sales nearing $900 million. This segment is largely incremental, attracting guests who prefer to order out.
- Franchisee profitability is improving in 2025 compared to 2024, driven by healthier comparable sales and stabilizing commodity costs. The company anticipates a low- to mid-single-digit inflation environment for market baskets in 2026.
4 days ago
Dine Brands Outlines 2026 Strategy and Dual-Brand Expansion
DIN
New Projects/Investments
Guidance Update
Demand Weakening
- Both Applebee's and IHOP will continue to emphasize value in 2026, with Applebee's promoting its 2 for $25 platform and IHOP its $6 House Faves value menu. This strategy has contributed to IHOP beating its comp set in traffic and Applebee's achieving positive comparable sales.
- Dine Brands is aggressively expanding its dual-brand concept (Applebee's and IHOP under one roof), with 20 U.S. units currently open and plans to add another 50 in 2026, aiming for a total of 80 in the U.S.. These conversions are projected to increase revenue by 1.5 to 2.5 times and profit flow-through by approximately three times the margin of the original restaurant.
- Off-premises sales remain a significant part of the business, representing ~20% for IHOP and 22%-23% for Applebee's. Applebee's off-premise business grew 5% in 2025, driven by targeted marketing and national campaigns now available on these channels.
- The company anticipates low- to mid-single-digit inflation for its market baskets in 2026, similar to 2025, with 85%-90% of procurement from the U.S. limiting exposure to international tariffs. Franchisee profitability is improving in 2025 compared to 2024 due to healthier comparable sales and stabilizing commodity costs.
4 days ago
Dine Brands Discusses Dual Brand Growth, Improving Sales Trends, and Capital Allocation at Barclays Conference 2025
DIN
New Projects/Investments
Revenue Acceleration/Inflection
Share Buyback
- Dine Brands (DIN) is aggressively expanding its Dual Brands concept, combining Applebee's and IHOP in single locations, with 30 units expected by the end of 2025 and an additional 50 in 2026, projecting 1.5 to 2.5 times revenue and 30-40% incremental revenue flow from these units.
- Both Applebee's and IHOP are experiencing improving sales and traffic trends in 2025, with Applebee's achieving positive comparable sales in the last two quarters and IHOP reporting absolute traffic growth for the first time in a decade.
- Franchisee margins are improving due to sales growth and controlled labor and commodity costs, with a 2026 outlook of flat to slightly deflationary commodity costs for Applebee's and low single-digit inflation for IHOP.
- The company's capital allocation strategy prioritizes organic investments, including $15 million in annual technology CapEx, and favors share buybacks given current stock valuation, while maintaining leverage in the fours to fives range.
Dec 3, 2025, 5:45 PM
Dine Brands Discusses Consumer Trends, Dual Brand Growth, and Capital Allocation in FY 2025
DIN
Revenue Acceleration/Inflection
New Projects/Investments
Share Buyback
- Dine Brands reported a shift in consumer behavior in 2025, with higher-income guests (over $100,000 household income) increasingly visiting Applebee's and IHOP, contributing to overall traffic growth for both brands. Value offerings, such as Applebee's "two for $25" and IHOP's "Everyday Value" menu, are key drivers.
- The company's Dual Brands initiative, combining Applebee's and IHOP in single locations, is a significant growth vehicle. 30 U.S. dual brand units are expected by the end of 2025, with 50 more planned for 2026, and a long-term potential for 900 units. This initiative is projected to increase revenue per location by 1.5 to 2.5 times, with 30-40% incremental revenue flow.
- As an asset-light franchise model generating approximately $8 billion in annual system sales, Dine Brands prioritizes organic investments and share buybacks for capital return, maintaining a comfortable leverage level in the fours to fives range.
- For 2026, the company anticipates flat to slightly deflationary food costs for Applebee's and low single-digit inflation for IHOP, with 60-80% of commodity costs contracted. Labor costs are also stabilizing with improved availability.
Dec 3, 2025, 5:45 PM
Dine Brands Reports Mixed Q3 2025 Results
DIN
Earnings
Share Buyback
Demand Weakening
- Dine Brands reported mixed third-quarter 2025 results, with revenue rising 10.8% year-over-year to $216.2 million but falling short of Wall Street estimates, and adjusted earnings per share of $0.73 missing analyst expectations by 26.3%.
- The company's profitability declined, with its operating margin falling significantly to 15.9% from 24.6% and free cash flow margin decreasing to 8.4% from 11.3% compared to the previous year, partly due to an 11% increase in general and administrative expenses to $50.2 million.
- Despite these mixed financial results and its shares underperforming the market by losing about 18.3% year-to-date, Dine Brands plans to repurchase at least $50 million of shares over the next two quarters.
Nov 5, 2025, 8:32 PM
Dine Brands Reports Q3 2025 Results, Announces Dividend Cut and Increased Share Buyback
DIN
Earnings
Dividends
Share Buyback
- Dine Brands reported Q3 2025 adjusted EBITDA of $49 million and year-to-date adjusted free cash flow of $68.2 million. Applebee's comparable sales increased by 3.1%, while IHOP's comparable sales decreased by 1.5%, despite IHOP achieving its first quarter of positive traffic in many years.
- The company is aggressively expanding its dual-brand restaurant program, which has shown significant sales uplift: 1.5X higher sales for international locations and 1.5X-2.5X higher sales for domestic conversions. Dine expects to have approximately 30 domestic dual-branded restaurants open or under construction by year-end 2025 and at least 50 openings in 2026.
- Dine announced a shift in capital allocation, reducing the quarterly dividend from $0.51 to $0.19 per share to fund a more aggressive share repurchase program. The company committed to buying back at least $50 million in shares over the next two quarters, aiming for a nearly 20% total share reduction by early 2026 when combined with year-to-date repurchases.
- The company maintained its full-year financial guidance but anticipates adjusted EBITDA to be at the low end of the range due to investments in company restaurants, including remodels and dual-brand conversions.
Nov 5, 2025, 4:00 PM
Dine Brands Global, Inc. Reports Q3 2025 Results and Updates Capital Allocation
DIN
Earnings
Dividends
Share Buyback
- Dine Brands Global, Inc. reported total revenues of $216.2 million for the third quarter of 2025, an increase from $195.0 million in the third quarter of 2024.
- For Q3 2025, GAAP diluted earnings per share was $0.48 and adjusted diluted earnings per share was $0.73, both decreasing from the prior year's third quarter.
- Applebee's domestic comparable same-restaurant sales increased 3.1% for the third quarter of 2025, while IHOP's decreased 1.5%.
- The Board of Directors declared a fourth quarter 2025 cash dividend of $0.19 per share and announced a plan to repurchase at least $50 million of shares over the next two quarters.
Nov 5, 2025, 11:45 AM
Dine Brands Global Reports Third Quarter 2025 Financial Results
DIN
Earnings
Dividends
Share Buyback
Demand Weakening
- Dine Brands Global reported total revenues of $216.2 million for the third quarter of 2025, an increase from $195.0 million in the third quarter of 2024, primarily driven by higher company-owned restaurant sales.
- For the third quarter of 2025, GAAP diluted earnings per share (EPS) was $0.48, down from $1.24 in the prior year quarter, and adjusted diluted EPS was $0.73, compared to $1.44 in the third quarter of 2024. Consolidated adjusted EBITDA for the quarter was $49.0 million, a decrease from $61.9 million in Q3 2024.
- Applebee's domestic comparable same-restaurant sales increased 3.1% for the third quarter of 2025, while IHOP's domestic comparable same-restaurant sales decreased 1.5%.
- The company announced plans to repurchase at least $50 million of shares over the next two quarters and declared a quarterly cash dividend of $0.19 per share, reflecting an updated capital return framework.
Nov 5, 2025, 11:30 AM
Dine Brands Global Reports Q2 2025 Financial Results
DIN
Earnings
Guidance Update
Demand Weakening
- Dine Brands Global reported Q2 fiscal 2025 revenue of $230.8 million, an 11.9% year-over-year increase that surpassed Wall Street estimates.
- Despite revenue growth, non-GAAP earnings per share for Q2 fiscal 2025 were $1.17, missing analyst expectations and significantly down from $1.71 in the prior year, with net income falling to $13.2 million.
- The company's operating margins declined to 18% from 25.4% a year earlier, and its EBITDA guidance for the full fiscal year is $225 million at the midpoint, below analyst estimates.
- Dine Brands revised its fiscal 2025 outlook for Applebee's domestic comparable sales growth to 1-3% and IHOP's to between a 1% decline and 1% growth.
Aug 6, 2025, 11:21 AM
Quarterly earnings call transcripts for Dine Brands Global.
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