- Dine Brands Global (NYSE:DIN) reports franchisee revenue rose 21.2% to $174.6M in Q4.
- Applebee's comparable same-restaurant sales grew 3.5%.
- IHOP's comparable same-restaurant sales up 3%.
- Gross margin rate improved 670 bps to 45.9%.
- Adjusted EBITDA increased 66.7% to $65M.
- Restaurant count: Applebee's -90 Y/Y to 1,846; IHOP +46to 1,808.
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FY2019 Guidance: Applebee's domestic system-wide comparable same-restaurant sales: +2% to +4%; IHOP's domestic system-wide comparable same-restaurant sales: +2% to +4%; G&A expense: ~$165M to $170M; GAAP net income: ~$104M to $113M; Adjusted EBITDA: ~$268M to $277M; Diluted EPS: $6.15 to $6.45; Adjusted EPS: $6.90 to $7.20.
- DIN +1.68% premarket.
- Previously: Dine Brands Global beats by $0.13, beats on revenue (Feb. 21)