Dine Brands’ Q2 report shows mixed results: IHOP’s sales rose 1.5%—better than expected—while Applebee’s dipped 1.8%, reflecting ongoing value-seeking customers. Net income fell sharply to $4.3M from $13.8M last year, and adjusted EPS missed forecasts. Growth came from company-owned locations, including franchise buybacks. Applebee’s closed 59 franchise spots, ending with 1,439 franchises and 118 company-owned; IHOP remains strong at 1,796 franchises and 17 company-owned. Despite the split performance, Dine Brands stands by its full-year outlook.
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