Dine Brands Global reported higher second-quarter revenue as growth at Ihop helped offset weaker performance at Applebee’s, while the company reaffirmed its full-year 2026 guidance.
Revenue for the second quarter increased to $240.9 million from $230.8 million a year earlier, primarily due to higher company restaurant sales.
Comparable sales remained mixed across the portfolio. Applebee’s domestic same-restaurant sales declined 1.8 per cent, reflecting continued pressure on casual dining demand, while Ihop posted 1.5 per cent comparable sales growth, marking its third consecutive quarter of positive comparable sales.
“In the second quarter, our brands made meaningful progress in an environment in which consumers remain focused on affordability and value, highlighted by Ihop’s third consecutive quarter of industry outperformance on both sales and traffic,” said John Peyton, CEO of Dine Brands.
Dine Brands ended the quarter with 3289 restaurant locations worldwide, including 1732 Ihop restaurants, 1476 Applebee’s restaurants and 81 dual-branded locations.
The company said it remains on track to achieve its full-year development targets as it continues expanding both domestically and internationally.
“Across all our brands, our everyday value platform, barbell marketing strategy, and continued investment in the guest experience are working, and we are entering the second half of the year with confidence in our long-term growth initiatives, including the continued expansion of our dual brand program,” Peyton added.
- Further reading: Dine Brands lifts sales as Applebee’s improves, Ihop flatlines.