Dine Brands: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

GLENDALE, Calif. (AP) _ Dine Brands Global Inc. (DIN) on Monday reported fourth-quarter net income of $27.4 million.

On a per-share basis, the Glendale, California-based company said it had profit of $1.59. Earnings, adjusted for one-time gains and costs, came to $1.78 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share.

The parent company of Applebee's and IHOP restaurants posted revenue of $227.5 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $229.1 million.

For the year, the company reported profit of $104.3 million, or $5.85 per share. Revenue was reported as $910.2 million.

Dine Brands expects full-year earnings in the range of $7.08 to $7.28 per share.

Dine Brands shares have risen 16% since the beginning of the year. The stock has dropped nearly 3% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DIN at https://www.zacks.com/ap/DIN