Dine Brands Global (DIN) Q4 2025 Earnings
How Did DIN Stock React to Q4 2025 Earnings?
S&P 500 over the same 30 days: −8.52%.
Did DIN Beat Earnings? Q4 2025 Results
Yes. Dine Brands Global reported Q4 2025 earnings of $1.46 a share on Feb 25, 2026, beating the $1.06 consensus estimate by 38.2%. Revenue was $217.6M against a $226.3M estimate.
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.
- 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
“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.”
Dine Brands Global CEO, on the earnings call
What Was Dine Brands Global's Outlook in Q4 2025?
For fiscal 2026, Dine Brands guided Applebee's domestic comparable same-restaurant sales growth of 0% to 2% and IHOP domestic comps of 0% to 2%. Consolidated adjusted EBITDA is expected between $220 million and $230 million, reflecting positive trends in the franchise business and modest improvement in company-owned restaurants. G&A expenses are expected between $205 million and $210 million (including ~$35 million in non-cash stock-based compensation and depreciation). Capital expenditures are guided to $25 million to $35 million. Domestic development activity includes at least 50 domestic dual-branded openings. Applebee's domestic net development is expected to be between 15 and 5 net fewer restaurants, while IHOP is expected between 10 net fewer and 10 net new openings.
DIN YoY Financials
| Metric | Q4 2025 | Q4 2024 | Year over year |
|---|---|---|---|
| Revenue | $217.6M | $204.8M | +6.3% |
| Gross Profit | $92.2M | $85.3M | +8.1% |
DIN Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.