An Eye on Financial Results: Dine Brands Global, Inc. (NYSE: DIN)

On Friday 19 October, Dine Brands Global, Inc. (NYSE: DIN) above/below -2.29% and ended at $-1.99. The stock’s market capitalization arrived at $1.5B and total traded volume was 327,933 shares. The stock has a 52-week highest price of $95.00 and its 52-week lowest price was called at $42.05. During last trade, its maximum trading price was registered $87.37 and it’s the minimum trading price was noted $83.46.

Dine Brands Global, Inc. (DIN) recently reported financial results for the second quarter of fiscal 2018.

Second Quarter of Fiscal 2018 Financial Highlights:

  • GAAP net income accessible to ordinary stockholders was $12.3M, or earnings per diluted share of $0.69for the second quarter of 2018. This compares to net income accessible to ordinary stockholders of $21.8M, or earnings per diluted share of $1.23, for the second quarter of fiscal 2017. The decrease in net income was primarily Because of lower section profit as the result of $16.5M in franchisor contributions to the Applebee’s national advertising fund, partially offset by a decline in bad debt expense, IHOP restaurant development over the past twelve months and improvement in Applebee’s and IHOP’s domestic same-restaurant sales.
  • Adjusted net income accessible to ordinary stockholders was $18.3M, or adjusted earnings per diluted share of $1.03, for the second quarter of fiscal 2018. This compares to adjusted net income accessible to ordinary stockholders of $23.8M, or adjusted earnings per diluted share of $1.34, for the second quarter of fiscal 2017. The decrease in adjusted net income was mainly Because of lower section profit as the result of $16.5Min franchisor contributions to the Applebee’s national advertising fund, partially offset by a decline in bad debt expense, IHOP restaurant development over the past twelve months and improvement in Applebee’s and IHOP’s domestic same-restaurant sales. (See “Non-GAAP Financial Measures” below.)
  • General and administrative expenses were $38.8Mfor the second quarter of fiscal 2018 contrast to $37.4M for the second quarter of fiscal 2017. The raise was primarily Because of higher personnel-related costs, partially offset by a decline in professional services expenses.

First Six Months of Fiscal 2018 Financial Highlights

  • GAAP net income accessible to ordinary stockholders was $28.8M, or earnings per diluted share of $1.61for the first six months of fiscal 2018. This compares to net income accessible to ordinary stockholders of $37.1M, or earnings per diluted share of $2.09, for the first six months of fiscal 2017. The decrease in net income was primarily Because of lower section profit as the result of $30.0M in franchisor contributions to the Applebee’s national advertising fund, partially offset by a decline in bad debt expense, IHOP restaurant development over the past twelve months and improvement in Applebee’s and IHOP’s domestic same-restaurant sales. The impact of lower section profit was partially offset by lower income tax expense and a decline in general and administrative expenses.
  • Adjusted net income accessible to ordinary stockholders was $38.0M, or adjusted earnings per diluted share of $2.13, for the first six months of fiscal 2018. This compares to adjusted net income accessible to ordinary stockholders of $46.6M, or adjusted earnings per diluted share of $2.63, for the first six months of fiscal 2017. The decrease in adjusted net income was mainly Because of lower section profit, as explained in the paragraph above. The impact of lower section profit was partially offset by lower income taxes and a decline in general and administrative expenses. (See “Non-GAAP Financial Measures” below.)
  • General and administrative expenses were $80.7Mfor the first six months of fiscal 2018 contrast to $87.7M for the same period of fiscal 2017. The decline was primarily Because of about $8.8M in executive separation costs incurred during the first six months of 2017 that did not recur in the comparable period of fiscal 2018.
  • Cash flows from operating activities were about $25.8Mfor the first six months of fiscal 2018 contrast to about $20.9M for the first six months of fiscal 2017. Adjusted free cash flow was $28.1M for the first six months of fiscal 2018.  This compares to $19.2M for the first six months of fiscal 2017.  (See “Non-GAAP Financial Measures” below.)

Same-Restaurant Sales Performance

Second Quarter of Fiscal 2018

  • Applebee’s domestic system-wide comparable same-restaurant sales raised 5.7% for the second quarter of 2018.
  • IHOP’s domestic system-wide comparable same-restaurant sales raised 0.7% for the second quarter of 2018.

First Six Months of Fiscal 2018

  • Applebee’s domestic system-wide comparable same-restaurant sales raised 4.5% for the first six months of 2018.
  • IHOP’s domestic system-wide comparable same-restaurant sales raised 0.9% for the first six months of 2018.

The Company has 17.54 million shares outstanding and 17.35 million shares were floated in market. Dine Brands Global, Inc., together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four sections: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The short ratio in the company’s stock is documented at 6.84 and the short float is around of 13.68%. The average true range of the stock is observed at 3.22 and the relative strength index of the stock is recorded at 57.67.

 

Anna Smith

Anna Smith- Services Sector News Anna Smith writes Services Sector articles for industries that want to see their Google search rankings surge. Her articles have appeared in a number of sites. Her articles focus on enlightening with informative Services sector needs. She holds the degree of Masters in Business and Marketing. Before she started writing, she experimented with various professions: computer programming, assistant marker, and others. But her favorite job is writing that she is now doing full-time. Address:  4976 Sycamore Road Condon, OR 97823, United States of America Phone Number:  +1 541 384 6252 Email:  Anna@dailynewsgallery.com

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