DineEquity (DIN) Tops Q3 EPS by 7c

DineEquity (NYSE: DIN) reported Q3 EPS of $1.14, $0.07 better than the analyst estimate of $1.07. Revenue for the quarter came in at $162.85 million versus the consensus estimate of $159.71 million. Third quarter domestic system-wide same restaurant sales increased 2.4% and 1.7% at IHOP and Applebee’s, respectively.

“DineEquity has had several recent notable achievements, including the refinancing of our long-term debt through a $1.4 billion securitization transaction, locking in a significantly lower fixed interest rate for the next seven years,” said Julia A. Stewart, Chairman and Chief Executive Officer of DineEquity, Inc. Ms. Stewart added, “In addition to strong same-restaurant sales at both brands in the third quarter, we announced significant increases in both our dividend and share repurchase authorization. Looking ahead, we are better positioned for long-term success and focused on the right goals to build on our momentum.”

For earnings history and earnings-related data on DineEquity (DIN) click here.

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