Overview

* Dine Brands Q3 revenue rose to $216.2 mln but missed analyst expectations

* Adjusted EPS for Q3 misses consensus, reflecting higher G&A expenses

* Company plans to repurchase at least $50 mln of shares over next two quarters

Outlook

* Dine Brands plans to open 30 new locations by year-end 2025

* Company expects 50 additional openings in 2026

* Dine Brands to repurchase at least $50 mln of shares over next two quarters

Result Drivers

* SALES AND TRAFFIC TRENDS - Positive sales and traffic trends driven by everyday value platforms, new menu offerings, and marketing

* ACQUISITIONS DRIVE REVENUE - Higher company-owned restaurant sales due to acquisition of Applebee's and IHOP restaurants

* SHARE REPURCHASE PLAN - Co plans to repurchase $50 mln of shares over the next two quarters, reflecting confidence in strategic initiatives

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $216.20 $220.30

Revenue mln mln (5

Analysts

)

Q3 Miss $0.73 $1.10 (6

Adjusted Analysts

EPS )

Q3 EPS $0.48

Q3 $49 mln

Adjusted

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the restaurants & bars peer group is "buy."

* Wall Street's median 12-month price target for Dine Brands Global Inc ( DIN ) is $28.00, about 12.1% above its November 4 closing price of $24.60

* The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 4 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)