Dine Brands Global Q1 Adj $1.33 Misses $1.57 Estimate, Sales $206.24M Miss $210.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dine Brands Global reported Q1 adjusted earnings of $1.33 per share, missing the $1.57 estimate, and sales of $206.24M, below the $210.22M estimate. This represents a 32.49% decrease in earnings and a 3.52% decrease in sales from the same period last year.
May 08, 2024 | 11:06 am
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Dine Brands Global missed Q1 earnings and sales estimates, with a notable year-over-year decrease in both metrics.
Missing both earnings and sales estimates, especially with a significant year-over-year decrease, typically leads to negative investor sentiment and could result in a short-term decline in stock price.
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