Thursday November 4, 2021, 13:07:10
By Mark Kalinowski
Earlier today, Dine Brands reported adjusted Q3 EPS of $1.55. This was higher than our $1.40 forecast and sell-side consensus (according to Consensus Metrix) of $1.38. Adjusted EBITDA came to $63.3 million in Q3, above consensus of $59.1 million. We attribute the EPS beat to slightly better-than-expected same-store sales, as well as Q3 G&A/Revenues of 19.1% (more favorable than our 20.8% projection).
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Thursday August 5, 2021, 13:20:41
By Mark Kalinowski
Earlier today, Dine Brands reported Q2 adjusted EPS of $1.94, well above our $1.65 forecast and sell-side consensus (according to Consensus Metrix) of $1.69. Adjusted EBITDA in Q2 came to $71.7 million, surpassing consensus of $67.0 million.
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Monday June 28, 2021, 16:51:47
By Mark Kalinowski
Although family dining segment same-store sales seem to be lagging those of most other U.S. restaurant sectors on a two-year basis, they have still come in somewhat better than we have been anticipating. As such, we raise our full-Q2E same-store sales forecast for IHOP to +128.0% (from +100.0%). This implies a two-year projection of about -7%. As of this writing, sell-side consensus — according to Consensus Metrix — for the Q2E one-year number is at +113.6%.
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