![Dine Brands Global, Inc. [DIN] reports annual net loss of $97.2 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FDIN.png&w=1200&q=75)
Dine Brands Global, Inc. [DIN] has reported a net loss of $97.2 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $831.1 million
Based in PASADENA, California, Dine Brands Global, Inc. operates in the RETAIL sector.
In the annual report for the year ending December 31, 2023 and for comparative purposes with the previous year, the following financial data was extracted from the Consolidated Statements of Comprehensive Income in USD (values in millions):
Revenues:
- Rental revenues amounted to $119.97 million in 2023, compared to $116.49 million in 2022 and $113.93 million in 2021.
- Total revenues were $831.07 million in 2023, a decrease from $909.40 million in 2022, and $896.17 million in 2021.
Cost of revenues:
- Franchise expenses were $344.40 million in 2023, higher than $321.91 million in 2022 and $295.89 million in 2021.
- Company restaurant expenses were $2.14 million in 2023, a significant decline from $121.72 million in 2022 and $136.75 million in 2021.
- Total rental expenses were $87.48 million in 2023, slightly lower than $87.99 million in 2022 and $87.84 million in 2021.
- The total cost of revenues stood at $434.38 million in 2023, a decrease from $532.04 million in 2022 and $520.94 million in 2021.
Net income:
- Net income for the year 2023 was $97.18 million, showing an improvement from $81.11 million in 2022 but lower than $97.86 million in 2021.
Earnings per share:
- Basic earnings per share for 2023 were $6.23, up from $4.97 in 2022 and $5.69 in 2021.
- Diluted earnings per share for 2023 were $6.22, compared to $4.96 in 2022 and $5.66 in 2021.
These figures highlight the performance of the company in the current reporting period compared to the previous year, indicating both positive and negative trends in revenue, expenses, net income, and earnings per share.
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