Dine Brands reports Q4 adjusted EPS $1.40, consensus $1.15

Reports Q4 revenue $206.3M, consensus $206.14M. Applebee’s year-over-year comparable same-restaurant sales declined 0.5% for the fourth quarter of 2023. IHOP’s year-over-year domestic comparable same-restaurant sales increased 1.6% for the fourth quarter of 2023. “Our solid performance in the fourth quarter concluded a year of significant progress for Dine. We delivered another year of positive comp sales growth at IHOP and Applebee’s and generated year-over-year EBITDA growth while fully integrating Fuzzy’s into our system,” said John Peyton, chief executive officer, Dine Brands Global, Inc. “We are further strengthening our recipe for growth in 2024 with our methodical development strategy that will generate sustainable value over the long-term for our shareholders and franchisees.”