Dine Brands reports Q2 adjusted EPS $1.17, consensus $1.45

Reports Q2 revenue $230.78M, consensus $223.41M. “In the second quarter, we continued to build positive momentum across both Applebee’s and IHOP, with notable improvements in sales and traffic. Applebee’s benefited from strong consumer response to our value-driven promotions and continued innovation in menu and marketing, while IHOP saw growth fueled by its refreshed brand positioning and value strategy. At the same time, our Dual Brands initiative is building traction with our franchisees as our second domestic unit also opened with strong economics. We remain confident that our ongoing investments will generate sustainable value for our shareholders and franchisees based on these results,” said John Peyton, CEO of Dine Brands (DIN).