Wednesday May 6, 2026, 16:13:44
By Mark Kalinowski
Earlier today (Wednesday, May 6th), Dine Brands initially reported first-quarter adjusted EPS of $1.07. HOWEVER, several hours later, the company — in a Form 8K/A — indicated that “due to an inadvertent error, adjusted net income for the first quarter of 2026 was reported as $13.5 million and adjusted earnings per diluted share was reported as $1.07. The correct adjusted net income for the first quarter of 2026 is $11.1 million and the correct adjusted earnings per diluted share is $0.88.”
Read more
Wednesday February 25, 2026, 12:42:18
By Mark Kalinowski
Earlier today (Wednesday), Dine Brands reported adjusted fourth-quarter EPS of $1.46. This was well above our $1.05 estimate and sell-side consensus (according to Consensus Metrix) of $1.06. Adjusted EBITDA reached $59.8 million in Q4. Consensus was at $55.3 million.
Read more
Tuesday January 6, 2026, 07:00:00
By Mark Kalinowski
Concurrently with this note, we also publish our industry note entitled “Updating our Q4 Kalinowski Family Dining Same-Store Sales Index (1/6/2026).” As part of that industry note, we increase our Q4E IHOP U.S. same-store sales projection by +150 basis points, to +1.0%. This leads us to also increase our Q4E adjusted EPS estimate for parent company Dine Brands by +15 cents, to $1.05. Our full-year 2025E adjusted EPS forecast rises by +15 cents, to $3.98. Given this higher base of potential 2025E earnings, and IHOP’s sales momentum, we also take up our 2026E and 2027E adjusted EPS projections by +30 cents each, to $4.50 and $5.00, respectively.
Read more
