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Stock Market & Financial Investment News

News Breaks
February 27, 2013
08:04 EDTDINDineEquity 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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