- Dine Brands Global Inc (NYSE:DIN) reported second-quarter FY22 sales growth of 1.8% year-on-year to $237.79 million, beating the consensus of $236.45 million.
- Applebee’s comparable same-restaurant sales rose 1.8%, and IHOP’s increased 3.6%.
- Gross profit declined 3.2% Y/Y to $95.7 million. Adjusted EBITDA fell 7.8% Y/Y to $66.1 million.
- Adjusted EPS of $1.65 beat the analyst consensus of $1.63.
- The company held $329.7 million in cash and equivalents as of June 30, 2022. Cash provided by operating activities for the six months amounted to $29.9 million with an adjusted free cash flow of $23.1 million.
- CFO Vance Chang, said, “We remain cautiously optimistic about Dine’s near-term outlook and are reaffirming our 2022 guidance.”
- Price Action: DIN shares traded lower by 0.75% at $71.84 on the last check Tuesday.
Centene Q2 EPS $1.77 Beats $1.59 Estimate, Sales $33.97B Miss $35.55B Estimate
Centene (NYSE:CNC) reported quarterly earnings of $1.77 per share which beat the analyst consensus estimate of $1.59 by 11.32 percent. This is a 41.6 percent increase over earnings of $1.25 per share from the same period
