Monday January 29, 2024, 07:25:00

DIN: Adjusting Our Estimates (1/29/2024)

By Mark Kalinowski

We believe that January has proven a tough month as regards same-store sales for a wide swath of the restaurant industry, including the casual dining and family dining segments. Based on our conversations with industry contacts, bad weather – lapping a mild winter from one year ago – clearly seems to be the #1 reason behind the challenged January sales trends. As of today, it’s possible that February could prove to be similarly challenged.

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Wednesday January 3, 2024, 07:00:00

DIN: Adjusting Our Estimates (1/3/2024)

By Mark Kalinowski

Dine Brands – the owner and franchisor of the IHOP family-dining concept and the Applebee’s casual-dining concept — tentatively plans to release its Q4 2023 earnings before the market open on Wednesday, February 28, 2024.

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Wednesday November 1, 2023, 12:52:01

DIN (Post-Call): Expects Adjusted EBITDA in Q4 Sequentially Lower than in Q3

By Mark Kalinowski

Earlier today, Dine Brands reported third-quarter adjusted EPS of $1.46, above our $1.30 forecast and sell-side consensus (according to Consensus Metrix) of $1.27. We attribute much of the earnings beat coming from G&A/Revenues amounting to 24.0% in Q3, more favorable than our 25.3% forecast and consensus of 25.4%.

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