The chart below shows how DIN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DIN sees a +2.99% change in stock price 10 days leading up to the earnings, and a -0.76% change 10 days following the report. On the earnings day itself, the stock moves by -2.02%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Adjusted EBITDA Increase: Adjusted EBITDA increased by $1.3 million to $61.9 million in Q3 compared to Q3 of 2023.
Revenue Decline in Q3: Total consolidated revenues decreased by $7.6 million to $195 million in Q3 2024 compared to the same period last year.
G&A Expense Reduction: G&A expenses decreased 6.6% to $45.4 million in Q3 of 2024, down from $48.6 million in the same period of last year.
EBITDA Increase Q3 2024: Adjusted EBITDA for Q3 of 2024 increased to $61.9 million from $60.6 million in Q3 of 2023.
Dividend Payment Overview: We paid $7.8 million in dividends in Q3 of 2024, maintaining a nearly 7% dividend yield.
Negative
Revenue Decline in Q3: Total consolidated revenues decreased by $7.6 million to $195 million in Q3 2024 compared to the same period last year.
Declining Comp Sales: Applebee's reported negative 5.9% comp sales and IHOP reported negative 2.1% comp sales.
Q3 Performance Challenges: The third quarter was challenging for our brands with results falling short of our expectations.
Franchisee Revenue Decline: Total franchisee revenues decreased 3.6% to $166.4 million compared to $172.5 million for the same quarter of 2023.
Rental Revenue Decline: Rental segment revenues for the third quarter of 2024 decreased compared to the same quarter of 2023, primarily due to operating lease terminations and a decrease in percentage rent.
Dine Brands Global, Inc. (DIN) Q3 2024 Earnings Call Transcript
DIN.N
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