Dine Brands Global, Inc. — Third Quarter 2026 Earnings Summary

Financial Performance:

• Total revenues for the third quarter of 2026 were $248.9 million, compared to $216.1 million in the third quarter of 2025, driven by a $36.9 million increase in company-owned restaurant revenues from acquisitions and new openings.
• Total revenues for the first nine months of 2026 were $715.0 million, compared to $661.7 million in the first nine months of 2025, driven by a $67.8 million increase in company-owned restaurant revenues from acquisitions.
• Net income available to common stockholders was $4.5 million ($0.37 per diluted share) for the third quarter of 2026, down from $7.0 million ($0.48 per diluted share) in the prior year period.
• Net income available to common stockholders was $15.9 million ($1.29 per diluted share) for the first nine months of 2026, down from $28.1 million ($1.90 per diluted share) in the prior year period.
• Non-GAAP net income available to common stockholders was $10.1 million ($0.82 per diluted share) for the third quarter of 2026, compared to $10.5 million ($0.73 per diluted share) in the prior year period.
• Non-GAAP net income available to common stockholders was $35.1 million ($2.85 per diluted share) for the first nine months of 2026, compared to $43.3 million ($2.94 per diluted share) in the prior year period.
• Adjusted EBITDA was $49.0 million for the third quarter of 2026, flat compared to $49.0 million in the third quarter of 2025.
• Adjusted EBITDA was $154.0 million for the first nine months of 2026, down from $159.9 million in the first nine months of 2025.
• Cash flows provided by operating activities were $37.8 million for the first nine months of 2026, down from $83.3 million in the prior year period, driven by timing of marketing spend, higher compensation payments, and remodel/development incentives.
• Adjusted free cash flow was $12.8 million for the first nine months of 2026, down from $68.2 million in the prior year period, driven by decreased operating cash flow and increased capital expenditures.
• General and administrative expenses were $51.6 million for the third quarter of 2026 (up from $50.2 million) and $160.3 million for the first nine months of 2026 (up from $152.3 million), driven by higher professional services fees and employee-related costs.
• Income before income taxes was $6.7 million for the third quarter of 2026 (down from $10.0 million) and $22.9 million for the first nine months of 2026 (down from $41.8 million).
• The effective tax rate was 28.8% for the nine months ended September 27, 2026, compared to 29.8% for the nine months ended September 28, 2025.
• Total cash, cash equivalents, and restricted cash were approximately $173.6 million as of September 27, 2026, with $91.1 million unrestricted.
• Available borrowing capacity under the 2025 Variable Funding Senior Notes, Class A-1 was approximately $224.5 million.

Business Segments and Product Lines:

• Applebee's year-over-year comparable domestic same-restaurant sales increased 0.9% in the third quarter of 2026; off-premise sales accounted for 23% of the sales mix.
• IHOP year-over-year comparable domestic same-restaurant sales increased 0.8% in the third quarter of 2026; off-premise sales accounted for 21% of the sales mix.
• Fuzzy's Taco Shop domestic same-restaurant sales decreased 2.7% in the third quarter of 2026, compared to a 1.5% decrease in the prior year period.
• Development activity for the third quarter of 2026 resulted in 23 new restaurant openings and 28 closures, including seven dual-branded openings.
• Development activity for the first nine months of 2026 included the acquisition of 12 Applebee's restaurants in February 2026, 48 Applebee's restaurants in June 2026, 10 IHOP restaurants in March 2025, and 12 Applebee's restaurants in May 2025.
• As of September 27, 2026, the company operated nearly 3,500 restaurants across Applebee's, IHOP, and Fuzzy's Taco Shop.
• Dual-branded domestic locations totaled 49 as of September 27, 2026, with 7 openings during the third quarter.
• Dual-branded international locations totaled 41 as of September 27, 2026, with 18 openings during the first nine months of 2026.

Other Key Points:

• The company repurchased approximately $6.5 million of common stock during the third quarter of 2026.
• The company paid approximately $2.4 million in dividends during the third quarter of 2026.
• Total dividends paid on common stock were $7.2 million for the first nine months of 2026, compared to $23.6 million in the prior year period.
• Total repurchases of common stock were $35.9 million for the first nine months of 2026, compared to $30.1 million in the prior year period.
• The company expanded into the Fast Casual segment in 2022 with the Fuzzy's Taco Shop brand.
• Management highlighted a focus on expanding the dual-brand program, improving the company-owned portfolio, and accelerating the remodel pipeline.