Dine Brands Global, Inc. ( DIN ) shares are trading slightly higher on Wednesday.

The company reported fourth-quarter adjusted earnings per share of 87 cents, missing the street view of $1.35. Quarterly sales of $204.77 million (down 0.7% year over year) outpaced the analyst consensus estimate of $200.552 million.

The decline was primarily due to the decrease in franchise revenues, primarily resulting from negative comparable same-restaurant sales growth at Applebee’s and IHOP and a decrease in proprietary product sales.

Applebee’s year-over-year domestic comparable same-restaurant sales declined 4.7% for the fourth quarter, while IHOP’s fell 2.8%.

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Consolidated adjusted EBITDA for the fourth quarter of 2024 was $50.1 million compared to $62.2 million in the year-ago period.

Total cash and equivalents and restricted cash of approximately $248.6 million, of which approximately $186.7 million was unrestricted cash.

“For 2025, we have a clear plan that addresses both the short-term and long-term and are confident that, in partnership with our franchisees, we will elevate the guest experience and enhance our value propositions,” said John Peyton, chief executive officer, Dine Brands Global ( DIN ).

On February 21, the company announced that its Board of Directors declared and approved a quarterly cash dividend of $0.51 per share of common stock. The dividend will be paid on April 4.

Outlook: For FY25, Applebee’s domestic system-wide comparable same-restaurant sales performance is expected to range between negative 2% and positive 1%.

IHOP’s domestic system-wide comparable same-restaurant sales performance is expected to range between negative 1% and positive 2%.

The company expects consolidated adjusted EBITDA to range between approximately $235 million and $245 million.

Price Action: DIN shares are trading higher by 1.83% to $23.90 at last check Wednesday.

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