Friday September 27, 2019, 00:00:00
With this report, we introduce our quarterly adjusted EPS estimates for 2020E for Dine Brands (DIN; Buy). They are as follows: (1) Q1E $2.05, (2) Q2E $1.95, (3) Q3E $1.85, and (4) Q4E $2.30. These quarterlies sum to our unchanged full-year 2020E adjusted EPS projection of $8.15. Please keep in mind that 2020 is a 53-week fiscal year for Dine Brands.
Thursday August 29, 2019, 00:00:00
Given weaker-than-expected same-store sales trends in the family-dining and casualdining sector quarter-to-date, we lower our Q3E same-store sales forecasts for IHOP and Applebee’s (both owned by Dine Brands [DIN; Neutral]). For IHOP, our Q3E samestore sales estimate is reduced by -140 basis points, to +0.8%, which becomes the new “low on the sell-side” forecast, according to Consensus Metrix data. For Applebee’s, we take down our Q3E projection by -150 basis points, to -1.5%, as compared to current sell-side consensus of -1.2%.
Wednesday July 31, 2019, 00:00:00
Earlier today, Dine Brands (DIN; Neutral) — the owner of the IHOP family-dining concept and the Applebee’s casual-dining concept — reported adjusted Q2 EPS of $1.71. While this came in slightly ahead of our recently-lowered $1.70 forecast, it fell short of the $1.81 sell-side consensus.
Thursday October 10, 2024
Thursday October 10, 2024