US-based restaurant operator Dine Brands Global has reported a total revenue of $194m for Q3 ending 30 September, compared with $174.9m for the same period last year.
The company also reported gross profits of $92.62m, compared with $82m during the previous year. Its net income was $23.58m, while per-share earnings were $1.29 a share.
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Dine Brands Global owns brands such as Applebee’s Neighborhood Grill & Bar and IHOP. The firm’s CEO Steve Joyce said: “Dine Brands continues to make strong progress in its transition to a growth company. We are very pleased with our Q3 performance, as we achieved double-digit growth across key metrics and margin expansion.
IHOP reported a 1.2% increase in same-restaurant sales, while Applebee’s sales increased by 7.7%, setting a 14-year record.
Joyce added: “Applebee’s and IHOP continued to build on their positive sales momentum, outperforming their respective categories.
“Both brands made considerable strides in their off-premise platforms with the launch of nationwide delivery programmes with DoorDash, which we believe will drive sustainable positive sales and traffic.
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By GlobalData“To remain the leaders in our categories, we are executing a data-driven enhanced guest-centric strategy. We remain focused on investing in our brands, providing our guests with traffic-driving culinary innovation and exploiting new opportunities to increase market share.”
