DIN Dine Brands Global, Inc.
Price Chart
Executive Summary
Dine Brands reported Q1 2026 GAAP EPS of $0.57, beating the $0.53 consensus, and total revenue of $225.2M, slightly above the $222.1M estimate. However, adjusted EBITDA fell to $50.8M from $54.7M YoY, operating cash flow halved to $7.5M, and adjusted free cash flow turned negative at -$3.0M, signaling deteriorating cash generation despite a modest top-line beat.
Key Financial Metrics
Actionable Insight
The EPS beat is positive but the cash flow deterioration and negative FCF are concerning for a franchise-heavy model. With guidance reiterated and no upward revision, the stock may trade sideways. Watch for commentary on the cash burn trajectory and dual-brand development progress on the earnings call.
Key Facts
- GAAP diluted EPS of $0.57 vs $0.53 consensus — a 7.5% beat
- Total revenue of $225.2M vs $222.1M consensus — a 1.4% beat
- Total revenue grew 4.8% YoY to $225.2M from $214.8M, driven by company-owned restaurant acquisitions
- Adjusted EBITDA fell 7.1% YoY to $50.8M from $54.7M
- Operating cash flow dropped 53.4% YoY to $7.5M from $16.1M
- Adjusted free cash flow turned negative at -$3.0M vs +$14.6M a year ago
- Applebees domestic same-restaurant sales increased 1.9% YoY; IHOP flat
- Company reiterated all 2026 guidance metrics — no change
- Net restaurant count declined by 16 (24 openings, 40 closures)
- Repurchased $22M of stock and paid $2.5M in dividends during the quarter
Financial Impact
GAAP EPS beat consensus by $0.04 (+7.5%); adjusted EBITDA declined $3.9M YoY; operating cash flow fell $8.6M; FCF swung from +$14.6M to -$3.0M
Risk Factors
- Negative adjusted free cash flow of -$3.0M signals potential liquidity pressure
- Operating cash flow halved to $7.5M — sustainability of dividend and buyback at risk
- Net restaurant closures outpaced openings by 16, indicating franchisee stress
- IHOP same-restaurant sales flat — no growth catalyst from the brand
- High leverage: long-term debt of $1.19B vs equity deficit of -$290M
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-207550 |
| Document: d151134d8k.htm | 0001193125-26-207550 |
| Document: 0001193125-26-207550-index-headers.html | 0001193125-26-207550 |
| Document: 0001193125-26-207550-index.html | 0001193125-26-207550 |
| Document: 0001193125-26-207550.txt | 0001193125-26-207550 |
| 8-K Data (Synthetic) | 0001193125-26-207550 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
1d ago
|
Institutional Cluster
| $34.30 awaiting T+1 | awaiting T+1 | — | $34.04 (−0.74%) |
|
Jun 2, 2026
10d ago
|
8-K
| $28.73 $29.08 | ▲ +1.22% | ▲ +0.82% | $34.04 (+18.48%) |
|
May 14, 2026
4w ago
|
8-K
| $31.02 $29.79 | ▼ −3.97% | ▼ −2.74% | $34.04 (+9.74%) |
|
May 8, 2026
5w ago
|
144
| $28.38 $29.07 | ▲ +2.43% | ▲ +2.20% | $34.04 (+19.94%) |
|
May 6, 2026
5w ago
|
8-K
| $27.16 $28.29 | ▲ +4.16% | ▲ +4.49% | $34.04 (+25.33%) |
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Mar 27, 2026
11w ago
|
DEFA14A
| $25.18 $26.00 | ▲ +3.26% | ▲ +3.61% | $34.04 (+35.19%) |
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Feb 25, 2026
15w ago
|
8-K
| $30.49 $31.11 | ▲ +2.05% | ▲ +2.60% | $34.04 (+11.66%) |
US Market Status
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