DineEquity, Inc, a restaurant operator, reported Tuesday Q1 adjusted earnings of $1.22 per share, down from $1.58 per share in the prior year period. Capital IQ provided a Street estimate of $1.24 per share. Total revenues were $156.2 million, down from $163.5 million reported for the same period last year. The Street consensus was for revenues of $158.6 million.
The company said it is maintaining its previously issued financial guidance. In its Q4 earnings report, the company provided Applebee’s domestic system-wide same-restaurant sales decline of 4% to 8%, and IHOP domestic system-wide same-restaurant sales performance of flat to a 3% increase. Capital expenditures are projected to be roughly $12 million.