Dine Brands Lowers Expectations For Applebee's And IHOP - Details Here
Portfolio Pulse from Nabaparna Bhattacharya
Dine Brands Global, Inc. (NYSE:DIN) shares are trading lower after the company reported second-quarter results. Despite beating earnings expectations, the company missed revenue estimates and lowered its financial guidance for the remainder of the fiscal year. The outlook for Applebee's and IHOP same-restaurant sales has also been reduced.
August 07, 2024 | 2:33 pm
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Dine Brands Global, Inc. (NYSE:DIN) shares are trading lower after the company reported second-quarter results. Despite beating earnings expectations, the company missed revenue estimates and lowered its financial guidance for the remainder of the fiscal year. The outlook for Applebee's and IHOP same-restaurant sales has also been reduced.
The stock price of Dine Brands Global, Inc. (NYSE:DIN) is likely to decline in the short term due to the mixed Q2 results. While the company beat EPS estimates, it missed revenue expectations and lowered its financial guidance for the rest of the fiscal year. Additionally, the reduced outlook for Applebee's and IHOP same-restaurant sales performance further adds to the negative sentiment.
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