Sales at DineEquity Inc., parent of Applebee’s Neighborhood Grill and Bar, are rising at restaurants open for at least 18 months, thanks to its new Sizzling Skillet entrees starting at $8.99.
BJ’s Restaurants Inc. and The Cheesecake Factory Inc., based in based in Huntington Beach and Calabasas Hills, California, also are reporting more revenue this year, indicating consumers are eating more at casual eateries. Cheesecake’s meals, for instance, range from $5.95 to $27
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Showing posts with label DineEquity. Show all posts
Showing posts with label DineEquity. Show all posts
Thursday, October 7, 2010
Thursday, September 30, 2010
DineEquity In Preliminary Pacts To Refranchise 86 Applebee's
DineEquity Inc. (DIN) said it has reached three preliminary deals to refranchise a combined 86 company-owned Applebee's restaurants, continuing its effort to move to a franchisee operating model.
Since IHOP bought Applebee's in 2007 to form DineEquity, the company has been selling company-owned Applebee's restaurants to help pay down debt. As of June 30, it had total debt of about $2.2 billion.
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Since IHOP bought Applebee's in 2007 to form DineEquity, the company has been selling company-owned Applebee's restaurants to help pay down debt. As of June 30, it had total debt of about $2.2 billion.
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Friday, September 24, 2010
DineEquity’s 3Q Same-Store Sales Up
DineEquity Inc. (DIN - Snapshot Report), operating under the Applebee's Neighborhood Grill & Bar and IHOP brands, announced a preview of its same-store sales results for third quarter 2010. The company indicated that comparable sales in the chain of restaurants under both the brands are on a rising trend.
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Friday, July 30, 2010
DineEquity, Inc. Announces Solid Second Quarter 2010 Financial Results
-- For the quarter, IHOP's domestic system-wide same-restaurant sales decreased 1.0% and Applebee's domestic system-wide same-restaurant sales decreased 1.6% compared to the same periods in 2009, which represented Applebee's third consecutive quarter of improvement. Year-to-date, IHOP's domestic system-wide same-restaurant sales decreased 0.7% and Applebee's domestic system-wide same-restaurant sales decreased 2.2%.
-- Securitized debt was reduced by $25.8 million for the second quarter 2010 and by $80.7 million in the first six months of 2010 primarily due to the use of free cash flow for ongoing debt retirement efforts.
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-- Securitized debt was reduced by $25.8 million for the second quarter 2010 and by $80.7 million in the first six months of 2010 primarily due to the use of free cash flow for ongoing debt retirement efforts.
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Saturday, July 24, 2010
DineEquity sells 63 Applebee's locations for $32M
GLENDALE, Calif. (AP) -- DineEquity Inc., which owns Applebee's Neighborhood Grill & Bar and IHOP restaurants, said Friday it agreed to sell 63 company-operated restaurants to its largest franchisee, Apple American Group LLC, for $32 million.
The restaurants are in Minnesota and Wisconsin.
Closing is subject to regulatory processes related to liquor license transfers and other closing conditions.
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The restaurants are in Minnesota and Wisconsin.
Closing is subject to regulatory processes related to liquor license transfers and other closing conditions.
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Wednesday, March 3, 2010
DineEquity, Inc. Provides Financial Performance Guidance for Fiscal 2010
Excluding the impact of potential restaurant sales in 2010, DineEquity provided fiscal 2010 guidance on the following key financial performance metrics:
-- Consolidated cash from operations to range between $145 and $155
million.
-- Approximately $16 million generated from the structural run-off of the
Company's long-term notes receivable.
-- Consolidated capital expenditures of approximately $20 million.
-- Approximately $23 million in preferred stock dividend payments.
-- Consolidated free cash flow (see "References to Non-GAAP Information"
below) to range between $118 and $128 million. The Company plans to make
its 2010 free cash flow available to fund further securitized debt
reductions.
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-- Consolidated cash from operations to range between $145 and $155
million.
-- Approximately $16 million generated from the structural run-off of the
Company's long-term notes receivable.
-- Consolidated capital expenditures of approximately $20 million.
-- Approximately $23 million in preferred stock dividend payments.
-- Consolidated free cash flow (see "References to Non-GAAP Information"
below) to range between $118 and $128 million. The Company plans to make
its 2010 free cash flow available to fund further securitized debt
reductions.
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DineEquity, Inc. Announces Solid Fourth Quarter 2009 Financial Results
For the fourth quarter 2009, IHOP's domestic system-wide same-store
sales decreased 3.1% and Applebee's domestic system-wide same-store
sales decreased 4.5% compared to the same quarter in 2008. For fiscal
2009, domestic system-wide same-store sales decreased 0.8% for IHOP and
decreased 4.5% for Applebee's compared to fiscal 2008.
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sales decreased 3.1% and Applebee's domestic system-wide same-store
sales decreased 4.5% compared to the same quarter in 2008. For fiscal
2009, domestic system-wide same-store sales decreased 0.8% for IHOP and
decreased 4.5% for Applebee's compared to fiscal 2008.
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Wednesday, October 28, 2009
DineEquity sees improvement at Applebee's, shrs up
LOS ANGELES, Oct 27 (Reuters) - DineEquity Inc (DIN.N) posted a stronger-than-expected quarterly profit and said October sales had improved at its struggling Applebee's restaurants. Shares rose 5 percent.
Quarterly revenue missed analysts' estimates, but the company said it was confident it would meet its full-year same-store sales targets as its Applebee's and IHOP chains benefit from new marketing and menu changes. DineEquity also reassured investors about its ability to pay down debt
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Quarterly revenue missed analysts' estimates, but the company said it was confident it would meet its full-year same-store sales targets as its Applebee's and IHOP chains benefit from new marketing and menu changes. DineEquity also reassured investors about its ability to pay down debt
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Tuesday, October 27, 2009
Wednesday, July 29, 2009
DineEquity, Inc. Announces Solid Second Quarter 2009 Financial Results
GLENDALE, CA, Jul 28, 2009 (MARKETWIRE via COMTEX) -- DineEquity, Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill & Bar and IHOP Restaurants, today announced financial results for the second quarter ended June 30, 2009. DineEquity's financial performance included the following highlights: -- Excluding gains and impairment charges, diluted net income per share
available to common shareholders increased by $0.72 to $0.74 from $0.02
compared to the same quarter last year, primarily due to lower interest
expense and reduced General & Administrative (G&A) expenses. Diluted net
income per share available to common shareholders increased by $2.51 to
$1.09 from a loss of $1.42 compared to the same quarter last year.
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http://investors.dineequity.com/phoenix.zhtml?c=104384&p=irol-newsArticle_Print&ID=1312780&highlight=
available to common shareholders increased by $0.72 to $0.74 from $0.02
compared to the same quarter last year, primarily due to lower interest
expense and reduced General & Administrative (G&A) expenses. Diluted net
income per share available to common shareholders increased by $2.51 to
$1.09 from a loss of $1.42 compared to the same quarter last year.
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http://investors.dineequity.com/phoenix.zhtml?c=104384&p=irol-newsArticle_Print&ID=1312780&highlight=
Thursday, May 14, 2009
Tuesday, April 28, 2009
DineEquity, Inc. Announces Solid First Quarter 2009 Financial Results
Company Retires $88 Million of Securitized DebtGLENDALE, CA, Apr 28, 2009 (MARKET WIRE via COMTEX) -- DineEquity, Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill & Bar and IHOP Restaurants, today announced financial results for the first quarter ended March 31, 2009. DineEquity's financial performance for the first quarter 2009 included the following highlights as compared to the same quarter last year: -- IHOP returned to positive growth with a 2.0% increase in domestic
system-wide same-store sales. Applebee's domestic system-wide same-store
sales decreased 3.0%. Both brands experienced improvements in same-store
sales performance from the fourth quarter 2008.
-- Net income per share available to common shareholders was $1.80,
primarily reflecting the positive impact of gains on debt repurchases and
asset sales. Excluding these gains, net income per share available to
common shareholders increased 46.9% to $0.72, primarily due to stronger
operating margin performance at Applebee's restaurants and IHOP's 2.0% same-
store sales growth, which offset Applebee's 3.0% same-store sales decline
and a higher corporate tax rate.
system-wide same-store sales. Applebee's domestic system-wide same-store
sales decreased 3.0%. Both brands experienced improvements in same-store
sales performance from the fourth quarter 2008.
-- Net income per share available to common shareholders was $1.80,
primarily reflecting the positive impact of gains on debt repurchases and
asset sales. Excluding these gains, net income per share available to
common shareholders increased 46.9% to $0.72, primarily due to stronger
operating margin performance at Applebee's restaurants and IHOP's 2.0% same-
store sales growth, which offset Applebee's 3.0% same-store sales decline
and a higher corporate tax rate.
