Dine Brands Global

Dine Brands Global (DIN) Q4 2025 Earnings

Reported Feb 25, 2026 at 7:15 AM ET · SEC Source

Q4 25 EPS

$1.46

BEAT +38.23%

Est. $1.06

Q4 25 Revenue

$217.6M

MISS 3.83%

Est. $226.3M

vs S&P Since Q4 25

+10.0%

BEATING MARKET

DIN +18.2% vs S&P +8.2%

Full Year 2025 Results

FY 25 EPS

$4.45

FY 25 Revenue

$879.3M

Market Reaction

Did DIN Beat Earnings? Q4 2025 Results

Dine Brands Global delivered a sharply split Q4 2025, with adjusted earnings beating Wall Street's expectations by a wide margin even as revenue fell short of forecasts. The parent of Applebee's and IHOP posted non-GAAP EPS of $1.46, well ahead of th… Read more Dine Brands Global delivered a sharply split Q4 2025, with adjusted earnings beating Wall Street's expectations by a wide margin even as revenue fell short of forecasts. The parent of Applebee's and IHOP posted non-GAAP EPS of $1.46, well ahead of the $1.06 consensus estimate, while revenue of $217.60 million rose 6.3% year over year but trailed the $226.27 million analysts had anticipated. The headline GAAP picture was murkier: a $29.00 million non-cash intangible asset impairment charge helped push the company to a net loss of $12.20 million, or $0.93 per diluted share, reversing net income of $5.20 million a year ago. Consolidated adjusted EBITDA climbed to $59.80 million from $50.10 million, supported by the company's ongoing conversion of franchise locations to company-owned restaurants. With broader economic sentiment weighing on casual dining, management's FY2026 guidance of flat-to-2% domestic comparable sales growth for both brands, alongside adjusted EBITDA of $220 million to $230 million, signals cautious but steady expectations heading into the new fiscal year.

Key Takeaways

  • Higher company-owned restaurant sales from acquisitions of Applebee's and IHOP restaurants from franchisees
  • Applebee's full-year domestic comps improved to +1.3% from -4.2% in prior year
  • IHOP Q4 domestic comps increased 0.3%
  • Off-premise sales accounted for 23.0% of Applebee's and 21.2% of IHOP sales mix in Q4
  • Dual-branded restaurant strategy driving development momentum with 28 domestic and 18 international openings in 2025
  • Recovery of fees from a franchisee reduced G&A in Q4
24/7 Wall St

DIN YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

DIN Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“In 2025 our brands' performance improved as we made meaningful progress against our strategic priorities by strengthening the fundamentals of the business and positioning our brands for long-term growth.”

— John Peyton, Q4 2025 Earnings Press Release