- Dine Brands Global Inc DIN reported fourth-quarter FY21 sales growth of 17.1% year-on-year, to $229.63 million, missing the consensus of $236.67 million.
- Domestic same-restaurant sales for Applebee's rose 34.8% and IHOP's increased 39.2% versus last year.
- Gross profit jumped 43% Y/Y to $96.5 million. Adjusted EBITDA rose 43.1% Y/Y to $60.1 million.
- Adjusted EPS of $1.32 beat the consensus of $1.27.
- The company held $425.4 million in cash and equivalents as of December 31, 2021. Cash provided by operating activities for the twelve months amounted to $195.8 million with an adjusted free cash flow of $191 million.
- On February 22, 2022, the company's board declared a 15% increase in the quarterly cash dividend to $0.46 per share, payable on April 1, 2022, to stockholders of record on March 21, 2022.
- Effective April 1, 2022, the company's board also approved a new share repurchase program of up to $250 million and terminated the existing share repurchase program, approved in February 2019.
- Outlook: Dine Brands Global sees FY22 capital expenditure of $33 million - $38 million. It sees FY22 adjusted EBITDA of $235 million - $250 million.
- Price Action: DIN shares closed lower by 6.57% at $78.33 on Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in