DineEquity, Inc. (DIN) posted first quarter net income available to common shareholders of $29.88 million or $1.64 per share versus $28.06 million or $1.53 per share a year ago.
Adjusted earnings per share were $1.36, down from $1.42 a year earlier. The decrease in adjusted earnings was due to a higher income tax rate and lower segment profit driven by the execution of the company's strategy to refranchise Applebee's company-operated restaurants, partially offset by lower cash interest expense.
On average, 6 analysts polled by Thomson Reuters expected the company to report earnings of $1.26 per share. Analysts' estimates typically exclude special items.
Total segment revenues were down to $245.58 million from last year's $300.2 million. Analysts expected revenues of $253.29 million.
Applebee's domestic system-wide same-restaurant sales increased 1.2%. IHOP domestic system-wide same-restaurant sales decreased 0.5% for the quarter.
The company continues to expect 2012 Applebee's domestic system-wide same-restaurant sales performance to range between 0.5% and 2.5%. IHOP's domestic system-wide same-restaurant sales performance is still projected to range between negative 1.5% and positive 1.5%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.