DineEquity (DIN) Surges on Strong Q1 Results

DineEquity (NYSE: DIN) is trading up 7.5% Tuesday after strong first quarter results this morning.

The parent of Applebee's and IHOP reported Q1 EPS of $1.36, $0.10 better than the analyst estimate of $1.26. Revenue for the quarter came in at $245.58 million versus the consensus estimate of $253.29 million.

Applebee's domestic system-wide same-restaurant sales increased 1.2% for the first quarter. IHOP domestic system-wide same-restaurant sales decreased 0.5% for the first quarter.

For FY2012, the company sees Applebee's domestic system-wide same-restaurant sales performance to range between 0.5% and 2.5% and IHOP's domestic system-wide same-restaurant sales performance to range between negative 1.5% and positive 1.5%.

For earnings history and earnings-related data on DineEquity (DIN) click here.

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