Dine Brands posts IHOP sales boost as Applebee's sales slip

Dine Brands reported second‑quarter results for the period ending June 28. Revenue increased to $240.9 million from $230.8 million year‑over‑year, while net income fell to $4.3 million ($0.35 per share) from $13.8 million ($0.89 per share) a year earlier. IHOP delivered same‑store sales growth of roughly 1.5‑1.8% and marked its third consecutive quarter of industry outperformance, driven by a 22% rise in off‑premise catering and a $6 value menu launched last September. The company also progressed its dual‑branded “IHOPBees” concept, reaching about half of its goal of 80 locations by the end of 2026.

Applebee's, the other Dine Brands brand, recorded a same‑store sales decline of about 1.5‑1.8% in the same quarter despite value promotions such as a $9.99 two‑item combo and a $15.99 all‑you‑can‑eat offer. The chain opened 13 and closed 30 Applebee’s and IHOP restaurants in 2026. The mixed performance reflects ongoing pressure from higher fuel costs and weaker consumer sentiment across the casual‑dining sector.