Dine Brands Q3 Earnings Surprise Amid Weak Applebee's And IHOP Sales; Q4 Strategy In Focus

Dine Brands Global, Inc. (NYSE:DIN) shares are trading higher on Wednesday.

The company reported third-quarter adjusted earnings per share of $1.44, beating the analyst consensus of $1.34. Quarterly sales of $195.034 million (down 3.7%) missed the street view of $198.563 million. The decrease was primarily due to the negative comparable same-restaurant sales growth at Applebee’s and IHOP.

Applebee’s year-over-year domestic comparable same-restaurant sales declined 5.9% for the third quarter. IHOP’s year-over-year domestic comparable ...