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News Breaks | | | | February 27, 2013 | | 08:04 EDT |  | DIN | DineEquity sees FY13 consolidated free cash flow $77M-$93M
Guidance also includes: Applebee’s domestic system-wide same-restaurant sales performance to range between negative 1.5% and positive 1.5%. IHOP’s domestic system-wide same-restaurant sales performance to range between negative 1.5% and positive 1.5%. Applebee’s franchisees to develop between 40 and 50 new restaurants, the majority of which are expected to be opened in the U.S. IHOP franchisees and its area licensee to develop between 50 and 60 new restaurants, the majority of which are expected to be domestic openings. Consolidated capital expenditures are expected to decline to between $8 million and $10 million mainly due to significantly fewer company-operated restaurants. The Federal income tax rate is expected to be approximately 38%. The structural run-off of the Company’s long-term receivables is expected to be approximately $14M. | |
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News For DIN From The Last 14 Days Check below for free stories on DIN the last two weeks. |
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| May 13, 2013 | | 16:27 EDT | | DIN | Scout Capital reports 6.6% stake in DineEquity
Scout Capital has engaged and expects to continue to engage in discussions with senior management of DineEquity with respect to the Issuer’s optimal capital structure, debt refinancing, timing and magnitude of share repurchases, management compensation metrics and merger and acquisition strategies, among other matters. | |
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