Last $80.30 USD
Change Today -1.05 / -1.29%
Volume 2.7K
DIN On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 9:43 AM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

dineequity inc (DIN) Key Developments

DineEquity, Inc.'s Subsidiaries Agree to Issue and Sell $1,300,000,000 of Series 2014-1 4.277% Fixed Rate Senior Secured Notes, Class A-2

On August 13, 2014, DineEquity, Inc. and certain subsidiaries of the Corporation, entered into a Purchase Agreement, pursuant to which two special purpose subsidiaries of the Corporation have agreed to jointly issue and sell $1,300,000,000 of their Series 2014-1 4.277% Fixed Rate Senior Secured Notes, Class A-2. The closing of the sale of the Notes is subject to the satisfaction of various closing conditions specified in the Purchase Agreement.

DineEquity, Inc. Announces Third Quarter 2014 Dividend Payable on September 26, 2014

DineEquity, Inc. announced that its Board of Directors declared a third quarter cash dividend of $0.75 per share of common stock. The dividend will be payable on September 26, 2014 to the Company's stockholders of record at the close of business on September 10, 2014.

DineEquity, Inc. Announces Intention to Refinance its Existing Long-Term Debt Through Securitization

DineEquity, Inc. announced its intention to refinance its 3.75% senior secured credit facility and its 9.5% senior notes. As of June 30, 2014, the balances of DineEquity's senior secured credit facility and senior notes were approximately $465 million and $761 million, respectively. DineEquity intends to replace the senior secured credit facility and senior notes with a new securitized financing facility, expected to be comprised of $1.3 billion of senior term notes and $100 million of variable funding notes. The net proceeds of the new facility would be used for repayment of existing indebtedness, a make-whole payment related to the redemption of the senior notes, transaction costs associated with the refinancing, and general corporate purposes.

DineEquity, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Half Year Ended June 30, 2014; Reiterates Financial Guidance for Fiscal 2014

DineEquity, Inc. announced unaudited consolidated financial results for the second quarter and half year ended June 30, 2014. For the quarter, total segment revenues were $160,521,000 against $158,114,000 a year ago. Income before income tax provision was $31,132,000 against $26,956,000 a year ago. Net income available to common stockholders was $18,860,000 or $1.00 per basic and diluted share against $16,639,000 or $0.87 per diluted share a year ago. Net income available to common stockholders, as adjusted was $22,064,000 or $1.16 per diluted share against $19,694,000 or $1.02 per diluted share a year ago. Total segment EBITDA was $104,717,000 against $101,738,000 a year ago. The improvement in adjusted net income was due to higher segment profit, lower general and administrative expenses, and lower cash interest expense. These items were partially offset by higher income taxes. The increase in net income was primarily due to higher segment profit, lower general and administrative expenses, and a gain on the disposition of assets in the second quarter of 2014 compared to a loss in the same period of 2013. These items were partially offset by higher income tax expense and an increase in closure and impairment charges. Adjusted earnings per diluted share for the second quarter increased 14% to $1.16 compared to the same period of 2013. The improvement was primarily driven by higher franchise segment profit, which was the result of higher domestic sales at IHOP, new restaurant development over the last 12 months and lower bad debt expense. For the half year, total segment revenues were $327,722,000 against $321,283,000 a year ago. Income before income tax provision was $64,846,000 against $57,146,000 a year ago. Net income available to common stockholders was $39,342,000 or $2.07 per diluted share against $34,549,000 or $1.80 per diluted share a year ago. Cash flows provided by operating activities were $55,992,000 against $55,429,000 a year ago. Additions to property and equipment were $4,086,000 against $2,953,000 a year ago. Net income available to common stockholders, as adjusted was $46,109,000 or $2.43 per diluted share against $41,501,000 or $2.16 per diluted share a year ago. EBITDA was $149,381,000. Total segment EBITDA was $212,238,000 against $207,045,000 a year ago. The increase in adjusted net income was primarily due to higher segment profit, lower general and administrative expenses, and a decline in cash interest expense. These items were partially offset by higher income taxes. Earnings per diluted share for the first six months of 2014 improved by 15% compared to the same period in 2013. The increase was primarily due to higher segment profit, debt modification costs that occurred in the first six months of 2013 that did not recur in the first six months of 2014, and a decline in general and administrative expenses. These items were partially offset by higher income tax expense and a loss on the disposition of assets in the first six months of 2014 compared to a gain in the first six months of 2013. The company reiterates its financial performance guidance for fiscal 2014 contained in the press release issued on February 26, 2014, except for IHOP's domestic system-wide same restaurant sales. The company revised IHOP's sales performance guidance to range between positive 1.0% and positive 2.5%. This reflects an increase from the previous expectations of between positive 0.5% and positive 2.0%.

DineEquity, Inc. to Report Q2, 2014 Results on Jul 29, 2014

DineEquity, Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 29, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
DIN:US $80.09 USD -1.26

DIN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Biglari Holdings Inc $342.55 USD +0.01
BJ's Restaurants Inc $36.97 USD -0.21
Denny's Corp $7.14 USD -0.05
Einstein Noah Restaurant Group Inc $13.34 USD +0.09
Sonic Corp $21.48 USD -0.3699
View Industry Companies
 

Industry Analysis

DIN

Industry Average

Valuation DIN Industry Range
Price/Earnings 20.5x
Price/Sales 2.4x
Price/Book 5.0x
Price/Cash Flow 18.1x
TEV/Sales 0.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact DINEEQUITY INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.