- Dine Brands Global press release ( NYSE: DIN ): Q4 Non-GAAP EPS of $1.34 beats by $0.11 .
- Revenue of $207.97M (-9.4% Y/Y) misses by $5.29M .
- The decline was primarily due to the sale of the 69 company-operated Applebee’s units in October 2022, partially offset by the positive comparable same-restaurant sales growth at both brands.
- Applebee’s and IHOP Positive Quarterly Comparable Sales Continued in Q4
-
Financial Performance Guidance for 2023
The Company introduced its fiscal 2023 guidance items:
- Domestic development activity by Applebee’s franchisees of between 10 and 20 net fewer restaurants.
- Domestic development activity by IHOP franchisees and area licensees is now expected to be between 45 and 60 net new openings.
- Consolidated adjusted EBITDA is expected in the range of between approximately $243 million and $255 million.
- G&A expenses are expected to range between approximately $200 million and $210 million, due to some of our planned 2022 G&A investments extended into 2023 given the disruptions caused by the pandemic last year and other organic investments, including Fuzzy’s. This range includes non-cash stock-based compensation expense and depreciation of approximately $30 million.
- Gross capital expenditures are expected to range between $33 million and $38 million.
For further details see:
Dine Brands Global Non-GAAP EPS of $1.34 beats by $0.11, revenue of $207.97M misses by $5.29M