Dine Brands Global (NYSE: DIN) reported Q3 EPS of $1.44, $0.08 better than the analyst estimate of $1.36. Revenue for the quarter came in at $195.03 million versus the consensus estimate of $199.08 million.

Financial Performance Guidance for 2024

The Company’s fiscal year 2024 guidance items have been updated as follows:

Reiterated: Applebee’s domestic system-wide comparable same-restaurant sales performance is expected to range between negative 4% and negative 2%.

Reiterated: IHOP’s domestic system-wide comparable same-restaurant sales performance is expected to range between negative 2% and 0%.

Reiterated: Domestic development activity for Applebee’s franchisees is between 25 and 35 net fewer restaurants.

Reiterated: Domestic development activity by IHOP franchisees and area licensees is expected to be between 0 and 10 net new openings.

Reiterated: Consolidated adjusted EBITDA is expected to range between approximately $245 million and $255 million.

Reduced: G&A expenses are expected to range between approximately $195 million and $200 million (versus between $200 million and $205 million previously). This total includes non-cash stock-based compensation expense and depreciation of approximately $35 million.

Reiterated: Gross capital expenditures are expected to range between approximately $14 million and $16 million.

For earnings history and earnings-related data on Dine Brands Global (DIN) click here.