### Dine Brands Global, Inc. Reports Q2 FY2024 Financial Results

### Dine Brands Global, Inc. Reports Q2 FY2024 Financial Results Dine Brands Global, Inc. (NYSE: DIN), the holding company behind Applebee's Neighborhood Grill & Bar®, IHOP®, and Fuzzy's Taco Shop®, has reported its financial results for the second quarter of fiscal year 2024. #### Key Financial Metrics | Metric | Q2 2024 | Q2 2023 | YoY Change | Q1 2024 | QoQ Change | Consensus Estimates (Q2 2024) | |-------------------------------|--------------------|--------------------|-----------------|--------------------|----------------|-------------------------------| | Total Revenue | $206.3 million | $208.4 million | -1.0% | $206.2 million | +0.05% | $210.73 million | | GAAP EPS | $1.50 | $1.16 | +29.3% | $1.14 | +31.6% | $1.64 | | Adjusted EPS | $1.71 | $1.82 | -6.0% | $1.33 | +28.6% | - | | Adjusted EBITDA | $67.0 million | $67.3 million | -0.4% | $60.8 million | +10.2% | - | ### Professional Interpretation: Despite a slight decline in total revenue year-over-year (YoY) and the earnings per share missing the consensus estimate, Dine Brands showcased a robust quarterly performance with a significant increase in GAAP diluted EPS and a steady Adjusted EBITDA. This indicates a solid ability to manage expenses and increase profitability despite facing revenue challenges. #### Revenue Performance by Segment | Segment | Q2 2024 Revenue | Q2 2023 Revenue | YoY Change | |--------------------------------|-------------------|-------------------|------------| | Total Revenue | $206.3 million | $208.4 million | -1.0% | | Applebee’s Comparable Sales | -1.8% | - | - | | IHOP Comparable Sales | -1.4% | - | - | ### Segment Performance Analysis: Both Applebee's and IHOP experienced a slight decline in domestic comparable same-restaurant sales, which negatively impacted the overall revenue. However, performance gaps slightly narrowed due to increases in the number of effective franchise restaurants and proprietary product sales at IHOP. ### Comments from Company Officers John Peyton, CEO of Dine Brands, emphasized the resilience of their brands and confidence in their strategic initiatives focused on profitable promotions, menu innovation, and development. CFO Vance Chang highlighted the benefits of the company's asset-light model, which supports capital returns to investors while maintaining a robust balance sheet. He also noted the revision of financial guidance to align with current macroeconomic conditions, expressing optimism about the long-term strategic advantage of Dine’s platform. ### Capital Returns to Equity Holders During Q2 2024, Dine Brands repurchased approximately $6 million of its common stock and paid $7.9 million in quarterly cash dividends. ### Forward Guidance The company has revised its fiscal year 2024 financial guidance: - Applebee's domestic system-wide comparable same-restaurant sales performance: -4% to -2% (previously 0% to 2%) - IHOP's domestic system-wide comparable same-restaurant sales performance: -2% to 0% (previously 1% to 3%) - Consolidated adjusted EBITDA: $245 million to $255 million (previously $255 million to $265 million) - Gross capital expenditures: $14 million to $16 million (previously $15 million to $20 million) ### Stock Price Movement Post the earnings release, Dine Brands' stock experienced a slight increase of approximately 0.13%. For further details on Dine Brands' financial performance and conference call information, please refer to their [official press release](https://investors.dinebrands.com). --- Please ensure to verify all provided data with the official earnings release for absolute accuracy.