Dine Brands Global has reported net income available to common stockholders of $7m for the third quarter (Q3) of 2025, down from $18.5m in the same period of the previous year.
The parent company of Applebee’s Neighborhood Grill + Bar, IHOP [International House of Pancakes] and Fuzzy’s Taco Shop restaurants reported total revenue of $216.2m versus $195m at the same point in 2024..
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The increase was largely driven by increased sales at company-operated restaurants following the acquisition of Applebee’s and IHOP sites before the quarter. This was partially offset by lower franchise revenue.
In Q3, consolidated adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) came in at $49m compared with $61.9m in the same period of 2024.
Adjusted net income available to common stockholders was $10.5m, versus $21.4m a year earlier.
Applebee’s domestic comparable same-restaurant sales increased 3.1% year-on-year (YoY) in the quarter. Off-premise channels represented 22.9% of sales, equating to $12,000 in average weekly sales per restaurant.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIHOP’s domestic comparable same-restaurant sales declined 1.5% YoY, with off-premise accounting for 20.4% of sales and approximately $7,500 in average weekly sales per restaurant.
Franchise development activity across Applebee’s and IHOP in the quarter led to 17 openings and 12 closures.
Commenting on the result, Dine Brands CEO John Peyton stated: “In the third quarter, Dine Brands sustained positive sales and traffic trends, driven by our everyday value platforms, innovative new menu offerings and high-impact marketing that continues to resonate with guests.
“Our strategy and the long-term growth opportunity for our brands, including our dual brand concept, continues to gain momentum and generate franchisee enthusiasm. We’re on pace to exceed our initial 2025 domestic target, with about 30 locations opened or under construction by year-end, and an additional 50 openings in 2026.”
During the period, the company repurchased $22.5m of its common stock and paid quarterly cash dividends of approximately $7.8m.
Under an updated capital return framework, it plans to repurchase $50m of shares over the next two quarters and declared a quarterly cash dividend of $0.19 per share of common stock.
Vance Chang, chief financial officer of Dine Brands, stated: “Dine Brands continues to generate strong cash flow, underscoring the strength of our asset-light model and its ability to create long-term shareholder value. We believe our shares are undervalued, and as part of our ongoing commitment to invest in the business, we’ve made proactive adjustments to our shareholder return strategy including our capital allocation and dividend policy.”
For the first nine months of 2025, total revenue was $661.7m, up from $607.5m in the same period of 2024.
Net income available to common stockholders was $28.1m, compared with $58m million a year earlier.
Consolidated adjusted EBITDA totalled $159.9m, down from $189.7m.
Adjusted free cash flow was $68.2m, versus $77.8m in the first nine months of 2024.
