Seeking Alpha

DineEquity lower after posting slow sales growth

  • DineEequity (DIN -1.8%) reports system-wide same-restaurant sales fell 0.7% at its Applebees restaurants while jumping up 4.5% at IHOP outlets.
  • Total store count was down 23 Y/Y to 2,034.
  • FY guidance from DineEquity is for domestic system-wide same-restaurant sales growth of -2% to 1% at Applebee's and 0.5%-2.0% at IHOP.
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