DineEquity, Inc. Reports 32% Increase in Adjusted Earnings per Diluted Share for the Second Quarter 2015

Adjusted net income available to common stockholders was $28.9 million, representing adjusted earnings per diluted share of $1.53, for the second quarter of 2015. This compares to $22.1...

July 29, 2015

1 minute read

Adjusted net income available to common stockholders was $28.9 million, representing adjusted earnings per diluted share of $1.53, for the second quarter of 2015. This compares to $22.1 million, representing adjusted earnings per diluted share of $1.16, for the same period of 2014. The increase in adjusted net income was mainly due to a significant decline in cash interest expense and higher gross segment profit. The growth in gross segment profit was mainly due to the 6.2% increase in IHOP’s domestic system-wide same-restaurant sales, which was the highest quarterly sales increase since the first quarter of 2004.

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