{"id":524006,"date":"2021-08-05T08:03:48","date_gmt":"2021-08-05T12:03:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dine-brands-global-inc-reports-second-quarter-2021-results\/"},"modified":"2021-08-05T08:03:48","modified_gmt":"2021-08-05T12:03:48","slug":"dine-brands-global-inc-reports-second-quarter-2021-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dine-brands-global-inc-reports-second-quarter-2021-results\/","title":{"rendered":"Dine Brands Global, Inc. Reports Second Quarter 2021 Results"},"content":{"rendered":"

<\/p>\n

Dine Brands Global, Inc. Reports Second Quarter 2021 Results<\/b><\/p>\n

Significant Improvement in Domestic System-Wide Comparable Same-Restaurant Sales<\/b><\/p>\n

99% of Domestic Restaurants Open<\/b><\/p>\n

Ten New Restaurants Opened by Franchisees<\/b><\/p>\n

Cash Position Remains Strong<\/b><\/p>\n

GLENDALE, Calif.–(BUSINESS WIRE<\/a>)–
\nDine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee’s Neighborhood Grill + Bar\u00ae<\/sup> and IHOP\u00ae <\/sup>restaurants, today announced financial results for the second quarter of 2021.\n<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210805005344\/en\/<\/a><\/p>\n

\"Historical<\/p>\n

Historical Domestic System-Wide Comparable Same-Restaurant Sales Relative to the Prior Year – Quarterly Domestic Same-Restaurant Sales – Applebee’s (Graphic: Business Wire)<\/p>\n<\/div>\n

\n\u201cOur strong second-quarter results reflect the perseverance of the Dine Brands system as comp sales for both brands improved significantly. I\u2019m thankful to our teams who have worked so hard to serve our guests and enhance the restaurant experience,\u201d said John Peyton, chief executive officer of Dine Brands Global, Inc.\n<\/p>\n

\nMr. Peyton added, \u201cBoth Applebee\u2019s and IHOP continue to make meaningful progress in a challenging environment. Relative to 2019, Applebee\u2019s posted its best quarterly comp sales performance in over a decade. IHOP\u2019s second-quarter comp sales improved markedly relative to 2019. Our solid fundamentals generated significant adjusted free cash flow and enabled us to maintain a healthy cash position. Our business is built to win thanks to our two iconic brands. Our franchisees are emerging from the pandemic with stable fundamentals. I\u2019m confident we will continue to build on this momentum as we further accelerate innovation, while also focusing on our guests\u2019 needs and accelerating growth.\u201d\n<\/p>\n

\nVance Chang, chief financial officer, added, \u201cWe are very pleased with the progress we have made in the second quarter. Looking ahead, our optimism is somewhat tempered by continued volatility, which include labor shortages and variants of COVID-19. We remain steadfast in executing our strategy to improve profitability and accelerate sustainable growth.\u201d\n<\/p>\n

Domestic System-Wide Comparable Same-Restaurant Sales Relative to the Second Quarter of 2020 <\/b><\/p>\n\n\n\n\n\n\n
Domestic Same-Restaurant Sales (Fiscal Month)<\/b><\/td>\n<\/tr>\n
\n\n\n

April<\/span><\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

May<\/span><\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

June<\/span><\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

Q2 2021<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

Applebee’s<\/b><\/td>\n\n\n

\n237.4%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n116.3%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n49.2%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n102.2%\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

IHOP<\/b><\/td>\n\n\n

\n297.4%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n134.6%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n63.4%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n120.1%\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n