Q1 2025 Dine Brands Global Inc Earnings Call Transcript
Key Points
- Dine Brands Global Inc (DIN) reported a 4% increase in revenues to $214.8 million for Q1 2025.
- The company saw positive momentum in sales, traffic, and development pipeline in March, continuing into April.
- Applebee's off-premise sales increased by 3.7%, driven by successful promotions like the Big Easy Menu and America's Favorite Boneless Wings campaign.
- IHOP's House Faves value menu contributed to traffic growth, helping IHOP beat the family dining segment on traffic.
- The dual brand concept is performing well, with plans to expand both domestically and internationally, including the first dual brand restaurant in Costa Rica.
- Dine Brands Global Inc (DIN) reported a decline in EBITDA to $54.7 million from $60.8 million in the same quarter last year.
- Applebee's and IHOP both experienced negative comp sales, with Applebee's at -2.2% and IHOP at -2.7%.
- Adjusted free cash flow decreased significantly to $14.6 million, down from $29.7 million in the previous year.
- IHOP faced increased commodity costs, particularly in eggs, due to avian influenza, impacting overall costs.
- Fuzzy's Taco Shop continued to face challenges with pressured comp sales and traffic trends.
Good day and thank you for standing by. Welcome to the Dine Brands' first-quarter 2025 earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to hand conference over to your host today, Matt Lee, Senior Vice President in Finance and Investor Relations. Please go ahead.
Good morning and welcome to Dine Brands Global's first-quarter fiscal 2025 conference call. This morning's call will include prepared remarks from John Peyton, Dine Brand's CEO and President of Applebee's; and Vance Chang, CFO.
Following those prepared remarks, Lawrence Kim, President of IHOP, will also be available, along with John and Vance to address questions from the investment community during the Q&A portion of the call.
Please remember our Safe Harbor regarding forward-looking information. During the call, management will discuss information that is forward-looking and involves known and unknown risks,
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