Ihop: parent Dine Brands gains as profit tops Wall Street estimates

Dine Brands Global

04/05/2022 17:05

** Dine Brands Global's shares  DIN.N  up ~3.8% at $70.76 
    ** Co reports Q1 adjusted profit of $1.54/share, above Wall
Street estimates of $1.44/share, according to Refinitiv data 
    ** DIN's Applebee's and IHOP franchisees opened 11 new
restaurants in Q1, with same-restaurant sales jumping for both
brands
    ** Co says it anticipates no disruptions to its business due
to COVID-19 in FY22 except for the impact from Omicron in Q1
    ** DIN's revenue rose 13% in Q1 to $230.4 mln 
    ** Seven of nine brokerages rate the stock "buy" or higher,
two "hold"; their median PT is $95 - Refinitiv
    ** Including session's gains, shares down ~6.7% YTD 

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))