Dine Brands Global

Dine Brands Global (DIN) Q1 2026 Earnings

Reported May 6, 2026 at 7:15 AM ET · SEC Source

Q1 26 EPS

$1.07

BEAT +6.64%

Est. $1.00

Q1 26 Revenue

$225.2M

BEAT +1.27%

Est. $222.4M

vs S&P Since Q1 26

+20.7%

BEATING MARKET

DIN +22.4% vs S&P +1.8%

Market Reaction

Did DIN Beat Earnings? Q1 2026 Results

Dine Brands Global posted a solid first quarter for fiscal 2026, beating Wall Street expectations on both the top and bottom lines as all three of its restaurant brands reversed negative comparable sales trends from a year ago. The parent of Applebee… Read more Dine Brands Global posted a solid first quarter for fiscal 2026, beating Wall Street expectations on both the top and bottom lines as all three of its restaurant brands reversed negative comparable sales trends from a year ago. The parent of Applebee's, IHOP, and Fuzzy's Taco Shop reported adjusted EPS of $1.07, clearing the $1.00 consensus estimate by 6.64%, while revenue of $225.20 million edged past the $222.38 million forecast and grew 4.8% year over year. The primary driver of the revenue lift was an expansion in company-owned restaurant revenues to $33.50 million, up from $21.60 million in Q1 2025, as Dine accelerated its acquisition of franchised locations. Applebee's domestic comps swung to a 1.9% gain from a 2.2% decline a year ago, and each brand beat the Black Box industry benchmark. Management also announced a new $100 million share repurchase authorization alongside an existing program with roughly $51 million remaining, underscoring confidence in its outlook, which includes full-year adjusted EBITDA guidance of $220 million to $230 million and at least 50 domestic dual-brand openings.

Key Takeaways

  • Applebee's domestic comparable same-restaurant sales increased 1.9%
  • IHOP domestic comparable same-restaurant sales remained flat, improving from -2.7% a year ago
  • Fuzzy's Taco Shop domestic comparable same-restaurant sales increased 2.4%
  • All brands outperformed the Black Box industry benchmark
  • Focus on everyday value, culturally relevant marketing, and disciplined execution
  • Increased company-owned restaurant revenue driven by franchise acquisitions
  • Lower effective tax rate of 27.3% versus 35.9% year-ago
  • Share count reduction from aggressive buybacks boosted adjusted EPS

DIN Forward Guidance & Outlook

Dine Brands reiterated its fiscal 2026 guidance: Applebee's domestic comparable same-restaurant sales expected between 0% and 2%; IHOP domestic comparable same-restaurant sales expected between 0% and 2%; domestic development activity for Applebee's expected between 15 and 5 net fewer restaurants; IHOP domestic development between 10 net fewer restaurants and 10 net new openings; at least 50 domestic dual-branded openings primarily driven by franchisees; consolidated adjusted EBITDA of approximately $220 million to $230 million; G&A expenses of approximately $205 million to $210 million (including ~$35 million non-cash stock-based compensation and depreciation); capital expenditures of approximately $25 million to $35 million. The company remains on track to achieve approximately 80 domestic dual-branded restaurants by the end of the year.

24/7 Wall St

DIN YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

DIN Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“Dine Brands reported improved comp sales versus the prior year with all brands outperforming Black Box, driven by our focus on everyday value, culturally relevant marketing, and disciplined execution.”

— John Peyton, Q1 2026 Earnings Press Release