- Dine Brands Global Inc (NYSE:DIN) reported fourth-quarter FY21 sales growth of 17.1% year-on-year, to $229.63 million, missing the consensus of $236.67 million.
- Domestic same-restaurant sales for Applebee's rose 34.8% and IHOP's increased 39.2% versus last year.
- Gross profit jumped 43% Y/Y to $96.5 million. Adjusted EBITDA rose 43.1% Y/Y to $60.1 million.
- Adjusted EPS of $1.32 beat the consensus of $1.27.
- The company held $425.4 million in cash and equivalents as of December 31, 2021. Cash provided by operating activities for the twelve months amounted to $195.8 million with an adjusted free cash flow of $191 million.
- On February 22, 2022, the company's board declared a 15% increase in the quarterly cash dividend to $0.46 per share, payable on April 1, 2022, to stockholders of record on March 21, 2022.
- Effective April 1, 2022, the company's board also approved a new share repurchase program of up to $250 million and terminated the existing share repurchase program, approved in February 2019.
- Outlook: Dine Brands Global sees FY22 capital expenditure of $33 million - $38 million. It sees FY22 adjusted EBITDA of $235 million - $250 million.
- Price Action: DIN shares closed lower by 6.57% at $78.33 on Tuesday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Dine Brands Posts Mixed Q4 Results; Plans New Buyback
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks