DineEquity (NYSE: DIN) reported Q1 EPS of $1.58, $0.11 worse than the analyst estimate of $1.69. Revenue for the quarter came in at $163.5 million versus the consensus estimate of $166.03 million.

Domestic system-wide comparable same-restaurant sales increased 1.5% at IHOP and decreased 3.7% at Applebee's.

"We continued to generate strong free cash flow in the first quarter and returned the majority of it to our shareholders. We're aggressively executing our plan to get Applebee's back on track, including the most transformative platform launch in the brand's history in the coming weeks. We remain focused on building on IHOP's momentum through the implementation of several strategic initiatives that address all aspects of enhancing the guest experience," said Julia A. Stewart, Chairman and Chief Executive Officer of DineEquity, Inc.

Ms. Stewart concluded, "We are confident in the steps currently being taken to drive positive and sustainable sales and traffic at both brands, while remaining committed to returning the majority of free cash flow to our shareholders."

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