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-0.0153085846867749 -0.0206496519721578 0.0283016241299304 0.0310904872389792 0.0406032482598608 0.0844547563805104 0.0849187935034804 0.0911832946635731
Stock impact report

IHOP parent Dine Brands shares jump after earnings beat [MarketWatch]

Dine Brands Global, Inc. (DIN) 
Last dine brands global, inc. earnings: 4/29 08:00 am Check Earnings Report
US:NYSE Investor Relations: investors.dineequity.com/news-releases
Company Research Source: MarketWatch
Dine Brands Global Inc. stock jumped 9.3% in Wednesday premarket trading after the restaurant company reported first-quarter earnings that beat expectations. Dine Brands portfolio includes IHOP and Applebee's Neighborhood Grill + Bar. Net income totaled $22.3 million, or $1.31 per share, down from $31.6 million, or $1.73 per share. Adjusted EPS of $1.45 beat the FactSet consensus for $1.41. Revenue of $206.9 million was down from $237.2 million but missed the FactSet outlook of $219.0 million. Domestic same-restaurant sales fell 10.6% at Applebee's, and were down 14.7% at IHOP. "The physical distancing measures, shelter-in-place orders and government mandates requiring restaurants to close dining rooms, while critical to flatten the curve, have made a significant impact on the operations of our business and that of the entire industry," said Chief Executive Steve Joyce said in a statement. Dine Brands has $395.1 million in cash, including $345 million in unrestricted cash, Joyce said. Show less Read more
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