Dine Brands Global‘s first-quarter net income slumped by 36.3 per cent year on year to $17.5 million, which the company attributed to consumer price sensitivity and challenging weather conditions.

Revenue fell 3.5 per cent to $206.2 million, primarily due to the negative comparable same-restaurant sales growth at Applebee’s and Ihop.

Applebee’s domestic comparable same-restaurant sales fell 4.6 per cent while Ihop’s domestic comparable same-restaurant sales slid 1.7 per cent.

“This quarter is an important reminder that our guests are craving abundant value and we are committed to meet their needs through our upcoming campaigns and new menu items, while leveraging the resources of our platform to support franchisees,” said Dine Brands Global CEO John Peyton.

“While we are not content with the start of the year, we are encouraged by the response of our value offerings and targeted promotions, which drove improved performance as the quarter progressed.”