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0 -0.00110594334416862 0.00102943154048409 0.000217942713525882 -0.00673767580325796 0.000333869688805673 -0.0018687428415092 -0.00882436135829321
Stock impact report

Dine Brands Global net income plummets 36% in Q1 2024 [Yahoo! Finance]

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: Yahoo! Finance
The company, which owns the Applebee's, IHOP and Fuzzy's brands, reported a 3.55% dip in total revenues to $206.2m from $213.8m in Q1 2023. Negative comparable same-restaurant sales growth at Applebee's and IHOP has been cited as the primary reason for the decline in revenues. For Q1 2024, Applebee's domestic comparable same-restaurant sales decreased 4.6% year-on-year. Its off-premise sales mix accounted for 22.1% compared to 23.1% in Q1 2023. IHOP's year-over-year domestic comparable same-restaurant sales fell 1.7% in Q1 2024. The company's total cost of revenues stood at $108.8m as against $110.1m in the same quarter of the previous year. Adjusted Q1 earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell by 8.3% to $60.8m from $66.35m in Q1 2023. Dine Brands Global CEO John Peyton said: “While we are not content with the start of the year, we are encouraged by the response of our value offerings and targeted promotions which drove improved perfor Show less Read more
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