Shares of IHOP owner Dine Brands fall after revenue miss, lowered sales forecast

Shares of Dine Brands Global Inc. fell 1.8% in premarket trading on Wednesday after the operator of Applebee’s, IHOP and Fuzzy’s Taco Shop restaurants reported better-than-expected second-quarter profit.

The Pasadena, California-based company had net income of $22.5 million, or $1.50 per share, in the quarter, compared with $17.8 million, or $1.16 per share, in the year-ago period. After one-time items, the company had EPS of $1.71, topping the FactSet consensus of $1.64.