Dine Brands ( (DIN) ) has released its Q4 earnings. Here is a breakdown of the information Dine Brands presented to its investors.
Dine Brands Global, Inc., headquartered in Pasadena, California, operates and franchises restaurants under the Applebee’s Neighborhood Grill + Bar, IHOP, and Fuzzy’s Taco Shop brands, making it one of the largest full-service restaurant companies worldwide with a presence in 19 international markets.
Dine Brands Global, Inc. reported its financial results for the fourth quarter and fiscal year 2024, highlighting a challenging operating environment with a focus on brand reinvestment and strategic planning for 2025. Despite market volatility, the company maintained strong free cash flow, underscoring its financial stability.
Key financial metrics from the fourth quarter of 2024 include a slight decline in total revenues to $204.8 million, primarily due to decreased franchise revenues from negative same-restaurant sales growth at Applebee’s and IHOP. Adjusted net income for the quarter was $12.9 million, a decrease from the previous year, while consolidated adjusted EBITDA stood at $50.1 million. For the full year, total revenues were $812.3 million, with adjusted net income at $79.8 million and adjusted EBITDA at $239.8 million.
The company opened 65 new restaurants while closing 83 in 2024, reflecting a strategic focus on optimizing its restaurant portfolio. Looking ahead, Dine Brands anticipates a range of outcomes for same-restaurant sales in 2025, with Applebee’s and IHOP expected to see slight fluctuations in performance. The company plans to continue prudent capital investments to drive improved performance.
Overall, Dine Brands Global, Inc. remains committed to enhancing guest experiences and value propositions in partnership with its franchisees, with a cautious yet optimistic outlook for 2025 as it navigates market challenges and opportunities for growth.