- Dine Brands Global Inc (NYSE:DIN) reported second-quarter FY22 sales growth of 1.8% year-on-year to $237.79 million, beating the consensus of $236.45 million.
- Applebee’s comparable same-restaurant sales rose 1.8%, and IHOP’s increased 3.6%.
- Gross profit declined 3.2% Y/Y to $95.7 million. Adjusted EBITDA fell 7.8% Y/Y to $66.1 million.
- Adjusted EPS of $1.65 beat the analyst consensus of $1.63.
- The company held $329.7 million in cash and equivalents as of June 30, 2022. Cash provided by operating activities for the six months amounted to $29.9 million with an adjusted free cash flow of $23.1 million.
- CFO Vance Chang, said, “We remain cautiously optimistic about Dine’s near-term outlook and are reaffirming our 2022 guidance.”
- Price Action: DIN shares traded lower by 0.75% at $71.84 on the last check Tuesday.
NuScale Builds Upon Unparalleled Licensing Progress With Second Standard Design Approval Application Submittal
Company prepares to bring its SMR technology to market this decade
On January 1, 2023, NuScale Power Corporation (NYSE:SMR) completed submission of a Standard Design Approval (SDA) application to the U.S Nuclear
