>DineEquity, Inc. Announces Solid First Quarter 2009 Financial Results

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>Company Retires $88 Million of Securitized DebtGLENDALE, CA, Apr 28, 2009 (MARKET WIRE via COMTEX) — DineEquity, Inc. (NYSE: DIN), the parent company of Applebee’s Neighborhood Grill & Bar and IHOP Restaurants, today announced financial results for the first quarter ended March 31, 2009. DineEquity’s financial performance for the first quarter 2009 included the following highlights as compared to the same quarter last year: — IHOP returned to positive growth with a 2.0% increase in domestic
system-wide same-store sales. Applebee’s domestic system-wide same-store
sales decreased 3.0%. Both brands experienced improvements in same-store
sales performance from the fourth quarter 2008.
— Net income per share available to common shareholders was $1.80,
primarily reflecting the positive impact of gains on debt repurchases and
asset sales. Excluding these gains, net income per share available to
common shareholders increased 46.9% to $0.72, primarily due to stronger
operating margin performance at Applebee’s restaurants and IHOP’s 2.0% same-
store sales growth, which offset Applebee’s 3.0% same-store sales decline
and a higher corporate tax rate.

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