DineEquity, Inc. (NYSE:DIN) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 6.69%.
DineEquity, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 8.79% to $0.83 in the quarter versus EPS of $0.91 in the year-earlier quarter.
Revenue: Decreased 34.51% to $158.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: DineEquity, Inc. reported adjusted EPS income of $0.83 per share. By that measure, the company beat the mean analyst estimate of $0.82. It missed the average revenue estimate of $161.87 million.
Quoting Management: “For DineEquity, 2012 was a year of milestones. The year was marked by accomplishing what we set out to do when we acquired Applebee’s, completing the transition to a 99% franchised restaurant system. In addition, we reduced total debt by over $1.0 billion since the acquisition in 2007,” said Julia A. Stewart, Chairman and Chief Executive Officer of DineEquity, Inc. “We remain steadfast in managing our capital structure with a long-term view to maximize shareholder value. Today’s announcement of our capital allocation strategy reflects our strong free cash flow, solid fundamentals, and less capital intensive business model.”
Key Stats (on next page)…