Dine Brands reported second-quarter revenue of $240.9 million, up from $230.8 million a year earlier, as a sales increase at IHOP offset continued weakness at Applebee's.
Net income fell to $4.3 million, or 35 cents per diluted share, from $13.8 million, or 89 cents per diluted share, in the same period of 2025. Excluding certain one-time items, the company's adjusted earnings came to $1.16 per diluted share, short of the $1.20 per share that **** ysts had expected, according to the Wall Street Journal.
Domestic same-restaurant sales rose 1.5% at IHOP and fell 1.8% at Applebee's compared with the year-earlier quarter. **** ysts had projected a 0.5% increase at IHOP and a 2.2% decline at Applebee's, according to the Wall Street Journal.
The revenue gain was driven by higher company-owned restaurant sales, which the company attributed to an increase in the number of restaurants acquired from franchisees and the timing of those acquisitions. Adjusted EBITDA declined to $54.2 million from $56.2 million in the second quarter of 2025.
Chief Executive John Peyton said consumers continue to prioritize affordability and value. He noted in a statement that IHOP posted its third consecutive quarter of outperformance on both sales and traffic relative to the broader industry.

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Aug. 5, 2026 8:03 am ET
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Dine Brands recorded higher sales and lower profit in the second quarter, as IHOP’s growth helped offset a decline at Applebee’s.

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