Dine Brands Leans on IHOP in the 3rd Quarter
Dine Brands Global's (NYSE: DIN) third-quarter earnings, released on Wednesday, illuminated softness in its Applebee's franchise, as the fast-casual eatery posted a second consecutive quarter of negative comparable sales growth, as well as a systemwide revenue decline. However, the benefit of a business model nearly evenly divided between two strong brands was also on display, as Dine Brands' IHOP chain picked up the slack.
As we sift through the quarter's details, note that all comparable numbers refer to those of the prior-year quarter.
Data source: Dine Brands Global.
Source Fool.com
