Dine Brands Global posted mixed second-quarter results, with total revenue rising 4.4% to $240.9 million while adjusted EBITDA fell to $54.2 million and adjusted EPS was nearly flat at $1.16. IHOP's domestic same-restaurant sales increased 1.5%, marking its third straight quarter of outperformance against industry benchmarks, while Applebee's comparable sales declined 1.8% year over year but improved sequentially in May and June. Management cited cautious, value-focused consumers and highlighted successful promotions, new menu items, and strong off-premise trends, including a fifth consecutive quarter of double-digit delivery comparable-sales growth at Applebee's and a 22% jump in IHOP catering sales. The company continued investing in remodels and dual-brand conversions, which generate roughly twice the sales of single-brand locations, and maintained its target of 80 dual-brand restaurants by year-end. First-half adjusted free cash flow dropped to $3.7 million from $48.7 million a year earlier due to higher capital expenditures and other costs, though Dine Brands upheld its full-year guidance and returned $9 million to shareholders in the quarter.
Dine Brands Global IncMixed Q2 results: revenue up but EBITDA and EPS flat, with Applebee's sales declining while IHOP grows.
