Zacks
0
All posts from Zacks
Zacks in Our Research. Your Success.,

DineEquity (DIN) Misses Q1 Earnings and Revenues

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 is taking sales initiatives to improve its sales. The company focuses on food and menu innovation, guest satisfaction and marketing strategies, which is expected to improve comps growth. In fact, owning to this three pillar strategy, both of the brands have been posting positive comps consistently over the past few quarters.

Investors should note the recent earnings estimate revisions for DIN has been quite stable. However, DIN has a strong history in earnings season. DineEquity has delivered positive earnings surprises for the trailing four quarters in a row, making for an average earnings surprise of almost 6.65%.

Currently, DIN has a Zacks Rank #3 (Hold) 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 missed on earnings. Our consensus earnings estimate called for EPS of $1.68 per share, and the company reported EPS of $1.58 instead. Investors should note that these figures take out stock option expenses.

Revenues: DIN reported revenues of $163.5 billion. This missed our consensus estimate of $166 million.

Key Stats to Note: IHOP's domestic system-wide comps increased 1.5%. Applebee's domestic system-wide comps declined 3.7% for the first quarter of 2016.

IHOP's domestic system-wide comps increased 1.5% while that for Applebee's declined 3.7%.

Stock Price: In-active in pre-market trading.

Check back later for our full write up on this DIN earnings report later!

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

 


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
DINEEQUITY INC (DIN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research