Dine Brands Global, Inc. Reports Second Quarter 2020 Results
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DineEquity (DIN) Tops Q2 EPS by 10c, Revenues Beat
July 29, 2020 8:04 AM EDTDineEquity (NYSE: DIN) reported Q2 EPS of ($0.87), $0.10 better than the analyst estimate of ($0.97). Revenue for the quarter came in at $109.71 million versus the consensus estimate of $95.76 million.
Second Quarter of 2020 Summary
GAAP net loss per diluted share of $8.04 for the second quarter of 2020 compared to earnings per diluted share of $1.18 for the second quarter of 2019.This variance was primarily due to non-cash impairment charges totaling $106.5 million related to the write-downs of Applebees goodwill and other intangible assets as a result of the impact of COVID-19 on the Companys... More