Dine Brands Global, Inc. Reports Third Quarter 2019 Results
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DineEquity (DIN) Tops Q3 EPS by 2c, Revenues Miss; Lowers FY19 EPS Guidance
October 30, 2019 8:06 AM EDTDineEquity (NYSE: DIN) reported Q3 EPS of $1.55, $0.02 better than the analyst estimate of $1.53. Revenue for the quarter came in at $217.41 million versus the consensus estimate of $227.13 million.
Key Highlights
IHOP signs largest multi-unit franchise agreement in the brands history with TravelCenters of America to develop nearly 100 restaurants.Total revenues for the third quarter of 2019, excluding advertising revenues and including Company restaurant sales, increased 22% year-over-year to $149.9 million.IHOPs reported system-wide sales for the third quarter of 2019 increased 1.2% year-over-year to $845 million.General and administrative expenses for the third quarter of 2019... More