Dine Brands Global, Inc. Reports Strong Second Quarter 2019 Results
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DineEquity (DIN) Misses Q2 EPS by 10c, Revenues Miss; Lowers FY19 EPS Guidance Below Consensus
July 31, 2019 8:03 AM EDTDineEquity (NYSE: DIN) reported Q2 EPS of $1.71, $0.10 worse than the analyst estimate of $1.81. Revenue for the quarter came in at $228.08 million versus the consensus estimate of $235.45 million.
Key Highlights
IHOPs reported system-wide sales for the second quarter of 2019 increased 3.2% year-over-year to $863.4 million.The refinancing of fixed rate senior secured notes and variable funding senior notes was completed on June 5th.Series 2019-1 Class A-2-I, Fixed Rate Senior Secured Notes in an initial principal amount of $700 million; bear interest at a fixed coupon rate of 4.194% per... More