DIN - Why Restaurant Operator Dine Brands' Shares Are Falling Today | Benzinga
Dine Brands Global, Inc. (NYSE: DIN) reported a third-quarter FY23 revenue decline of 13.1% year-on-year to $202.58 million, missing the consensus of $203.23 million.
The decline was primarily due to the refranchising of the 69 company-operated Applebee's units in October 2022 and the negative comparable same-restaurant sales growth at Applebee's.
Adjusted EPS of $1.46 beat the analyst consensus of $1.31.
Adjusted EBITDA for Q3 was $60.6 million compared to $63.6 ...