Dine Brands Global, Inc. has reported its financial results for the fourth quarter and fiscal year 2025. The company, which owns Applebee's Neighborhood Grill + Bar, IHOP, and Fuzzy's Taco Shop restaurants, highlighted various key metrics and changes from the previous period.
In the fourth quarter of 2025: Applebee's experienced a year-over-year comparable domestic same-restaurant sales decrease of 0.4%, with off-premise sales accounting for 23.0% of the sales mix. IHOP saw a year-over-year domestic comparable same-restaurant sales increase of 0.3%, with off-premise sales accounting for 21.2% of the sales mix. Total revenues were $217.6 million compared to $204.8 million for the fourth quarter of 2024. Net loss available to common stockholders was $12.3 million, or loss per diluted share of $(0.93), compared to net income available to common stockholders of $5.0 million, or earnings per diluted share of $0.34 for the same period in 2024. Non-GAAP adjusted net income available to common stockholders was $19.4 million, or adjusted earnings per diluted share of $1.46, compared to $12.9 million, or adjusted earnings per diluted share of $0.87, for the fourth quarter of 2024. Loss before income taxes for the fourth quarter of 2025 was $16.6 million compared to income before income taxes of $7.8 million for the fourth quarter of 2024. * Consolidated adjusted EBITDA for the fourth quarter of 2025 was $59.8 million compared to $50.1 million for the fourth quarter of 2024.
For the full year 2025: Total 2025 revenues were $879.3 million compared to $812.3 million for the prior year. Net income available to common stockholders was $16.0 million, or earnings per diluted share of $1.11, for 2025 compared to $63.0 million, or earnings per diluted share of $4.22 for 2024. Non-GAAP adjusted net income available to common stockholders was $63.5 million, or adjusted earnings per diluted share of $4.45, for 2025 compared to $79.8 million, or adjusted earnings per diluted share of $5.34, for 2024. Consolidated adjusted EBITDA for 2025 was $219.8 million compared to $239.8 million for 2024. Cash flows provided by operating activities for 2025 were $89.0 million, compared to $108.2 million for 2024. Adjusted free cash flow was $61.5 million for 2025, compared to $106.4 million for 2024.
In terms of guidance for 2026: Applebee's and IHOP's domestic system-wide comparable same-restaurant sales performance is expected to range between 0% and 2%. Domestic development activity for both brands is projected to result in a net reduction in restaurants. Consolidated adjusted EBITDA is expected to range between approximately $220 million and $230 million. G&A expenses are expected to range between approximately $205 million and $210 million. * Capital expenditures are projected to range between approximately $25 million and $35 million.
Furthermore, the company announced a quarterly cash dividend of $0.19 per share of common stock, to be paid on April 10, 2026. Dine Brands Global, Inc. will host a conference call to discuss its results on February 25, 2026.
Dine Brands Global, Inc. operates over 3,500 restaurants across 20 international markets and is one of the largest full-service restaurant companies in the world. Following these announcements, the company's shares moved -1.92%, and are now trading at a price of $37.83. Check out the company's full 8-K submission here.
