DIN -.14 to 43.44, after an earnings miss, but guidance maintained. Any thoughts ?
briefing -
Dine Brands misses by $0.24, misses on revs; reaffirms FY24 domestic comp guidance (43.55 ) :
Reports Q1 (Mar) earnings of $1.33 per share, excluding non-recurring items, $0.24 worse than the FactSet Consensus of $1.57; revenues fell 3.5% year/year to $206.24 mln vs the $210.54 mln FactSet Consensus.
Applebee's domestic comparable same-restaurant sales declined -4.6% in Q1.
IHOP's domestic comparable same-restaurant sales declined -1.7% i Q1.
Co reaffirms FY24 domestic comp guidance: Applebee's at +0-2%; IHOP at +1-3%.
"Our brands have been tested through many economic cycles in the past decades and while our first quarter results reflect the impact of consumer price sensitivity and challenging weather conditions, our fundamental business model remains steady with solid cash flow and positioning us to deliver on our guidance for the year."
