DINE BRANDS GLOBAL Reports Earnings for FY2023 Q2 on June 30 2023

🌥️Earnings Overview

DINE BRANDS GLOBAL ($NYSE:DIN) reported its earnings results for FY2023 Q2 on June 30 2023. The total revenue in the second quarter was USD 208.4 million, a 12.4% decrease compared to the same period in FY2022. The company’s net income for the quarter was USD 18.2 million, a 23.8% decrease compared to the year prior.

Market Price

The stock opened at $58.6 and closed the day at $57.6, a drop of 2.0% from the previous close of $58.8. The company attributed this decline to a combination of factors, including reduced customer traffic in their restaurants due to the pandemic, decreased sales in their international markets, and increased costs associated with labor and related expenses. The company attributed this increase to their ongoing cost containment efforts and strategic investments in digital marketing and initiatives.

Looking ahead, DINE BRANDS GLOBAL is confident that their long-term business strategy will help them weather the storm and position them for future growth and success. With a strong balance sheet, they are well-positioned to continue executing their plans with agility and resilience. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for DIN. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for DIN. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for DIN. More…

Key Ratios Snapshot

Some of the financial key ratios for DIN are shown below. More…

Analysis

GoodWhale has conducted an analysis of DINE BRANDS GLOBAL’s wellbeing and we are pleased to share our findings. According to our Star Chart, DINE BRANDS GLOBAL is classified as ‘cow’, indicating that it has a track record of paying out consistent and sustainable dividends. As such, this company may be of particular interest to dividend-seeking investors. In terms of financial health, DINE BRANDS GLOBAL has a high health score of 7/10 with regard to its cashflows and debt. This indicates that the company is capable of sustaining future operations even in times of crisis. In terms of strengths and weaknesses, DINE BRANDS GLOBAL is strong in dividends and profitability but is weaker in asset and growth. More…

Peers

Dine Brands Global Inc. is one of the largest full-service restaurant companies in the world. The company operates or franchises more than 3,700 restaurants in over 100 countries. Dine Brands Global is the parent company of two of the world’s most iconic restaurant brands, Applebee’s and IHOP. Dine Brands Global competes with other full-service restaurant companies, including Recipe Unlimited Corp, Pavillon Holdings Ltd, and Jlogo Holdings Ltd.

– Recipe Unlimited Corp ($TSX:RECP)

Pavillon Holdings Ltd is a holding company that operates in the food and beverage industry. The company has a market cap of 63.14M as of 2022 and a Return on Equity of -104.65%. The company operates in the food and beverage industry and is engaged in the production and distribution of food and beverage products. The company’s products include alcoholic and non-alcoholic beverages, food, and other consumer goods.

– Pavillon Holdings Ltd ($SGX:596)

Jlogo Holdings Ltd is a company that provides services relating to the design, manufacturing, and distribution of logos. The company has a market capitalization of 445M as of 2022 and a return on equity of -32.17%. The company’s primary business is the provision of services to businesses in the design, production, and distribution of their logos. The company also provides services to businesses in the area of marketing and advertising. The company has a wide range of clients, including small businesses, large businesses, and international businesses.

Summary

DINE BRANDS GLOBAL reported its earnings results for FY2023 Q2, with total revenue of USD 208.4 million, a 12.4% decrease from the same period in the previous year. Net income for the quarter was USD 18.2 million, a 23.8% decrease from the same period the year before. These results illustrate a concerning financial outlook for investors in DINE BRANDS GLOBAL.

While the company’s revenue is still positive overall, the large year-on-year decrease shows that the company may be struggling to maintain its profitability. Investors may be wise to cautiously consider their options when it comes to investing in DINE BRANDS GLOBAL, as further cuts in revenue could lead to greater losses in the future.