Benchmark maintains Hold on Dine Brands following earnings miss

Published 12/05/2025, 15:38
Benchmark maintains Hold on Dine Brands following earnings miss

On Monday, Dine Brands Global, Inc. (NYSE:DIN) received a reiterated Hold rating from Benchmark analysts after the company reported its second-quarter 2025 financial results. According to InvestingPro data, four analysts have recently revised their earnings expectations downward for the upcoming period, while the stock currently trades at an attractive P/E ratio of 6.6x. The restaurant company, which operates Applebee’s and IHOP, disclosed figures that fell short of Wall Street’s expectations in terms of gross profit, adjusted earnings per share (AEPS), and adjusted earnings before interest, taxes, depreciation, and amortization (AEBITDA).

Dine Brands reported revenue of $215 million, which was consistent with consensus estimates and included a $21 million contribution from the recent acquisition of 47 Applebee’s and 10 IHOP franchisee locations. However, same-store sales (SSS) for Applebee’s decreased by 2.2%, and IHOP’s SSS declined by 2.7%. The company’s AEPS of $1.03 was lower than the anticipated $1.23, and AEBITDA of $55 million did not meet the expected $57 million. Despite these challenges, the company maintains a significant 9.1% dividend yield and has consistently paid dividends for 13 consecutive years, as highlighted in InvestingPro’s comprehensive analysis.

Despite these setbacks, Dine Brands noted an improvement in SSS trends for both brands since February. The company also reaffirmed its prior SSS guidance, projecting Applebee’s to range between a 2% decline and a 1% increase, while IHOP’s SSS is expected to be between a 1% decrease and a 2% increase. Management emphasized efforts to focus on value platforms that resonate with their respective customer bases, as opposed to limited-time offers (LTOs).

In their analysis, Benchmark acknowledged the progress Dine Brands has made but chose to maintain their Hold rating on the company’s shares. The decision reflects a cautious approach as they evaluate the sustainability of the recent improvements seen by the company.

In other recent news, Dine Brands Global, the parent company of Applebee’s and IHOP, reported a 4.1% increase in revenue for the first quarter of 2025, reaching $214.8 million, which exceeded analysts’ expectations of $204.54 million. However, the company’s earnings per share (EPS) came in at $1.03, falling short of the anticipated $1.36. Despite this, Dine Brands maintained its full-year financial guidance, focusing on enhancing guest experience and menu offerings. The company reported that same-store sales for Applebee’s and IHOP declined by 2.2% and 2.7%, respectively. In terms of strategic moves, Dine Brands is investing in loyalty programs and restaurant development, including dual-brand locations. The company also highlighted operational improvements at IHOP, aiming to streamline processes and enhance customer service. Analyst firms like KeyBanc and Truist Securities noted the company’s strategic focus on value propositions and operational efficiency, which could support future performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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