Dine Brands backs FY24 adjusted EBITDA view $245M-$255M

Backs FY24 Applebee’s domestic system-wide comparable same-restaurant sales view down 2%-4%. Backs FY24 IHOP’s domestic system-wide comparable same-restaurant sales view down 2% to flat. Vance Chang, chief financial officer, Dine Brands (DIN) Global, Inc., added, “Our third quarter results demonstrated the resiliency of our business model despite the challenges to our top line. Our cash flow generation ability through market cycles is supported by our asset-lite model and the scale of our platform. We are confident in our ability to drive long-term value for our stakeholders.”