DineEquity (DIN) Q2 Earnings In-Line, Revenues Lag
DineEquity, Inc. DIN operates full-service restaurants in the United States and in other countries around the globe. The company owns and operates two restaurant concepts, which includes Applebee’s Neighborhood Grill & Bar (Applebee's) – a bar and grill concept of the casual dining restaurant industry; and International House of Pancakes (IHOP), which primarily caters to the family dining segment.
The company’s increased focus on menu innovation, guest satisfaction and marketing has been boosting comps at the IHOP segment over the past several quarters. Meanwhile, though the company is looking to build a new prototype in order to reduce costs, higher cost of sales and restaurant expenses are hurting profits.
Investors should note that the consensus estimate for DIN has been moving slightly downwards over the last 60 days. However, DIN’s earnings have been mostly strong over the past few quarters. Notably, the company posted positive earnings surprises in three of the last four quarters, with an average beat of 4.37%. Meanwhile, revenues have outpaced the Zacks Consensus Estimate in two of the trailing four quarters.
DINEEQUITY INC Price and EPS Surprise
DINEEQUITY INC Price and EPS Surprise | DINEEQUITY INC Quote
DIN currently has a Zacks Rank #4 (Sell) but that could change following DineEquity’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: DIN posted earnings of $1.59 per share, in-line with the consensus mark. Investors should note that these figures take out stock option expenses.
Revenues: DIN reported revenues of $160.3 million. This missed our consensus estimate of $162 million.
Key Stats to Note: IHOP's domestic system-wide comps increased 0.2%. Applebee's domestic system-wide comps declined 4.2% for the second quarter of 2016.
Stock Price Impact: At the time of writing, the stock price of DineEquity was down 0.2% during the pre-market trading hours following the earnings release.
Check back later for our full write up on this DIN earnings report later!
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