DineEquity, Inc. (DIN)

2009 Financial Guidance

DineEquity provided a guidance update on key financial performance metrics for 2009, which include:

·                 

2009 Financial Guidance

DineEquity provided an update on key financial performance guidance metrics for 2009, which include:

·                

2009 Financial Guidance

DineEquity reiterated its key financial performance guidance metrics for 2009, which include:

·                  Consolidated cash flows from operating activities expected to range between $100 and $110 million.  The Company will receive approximately $15 million in additional cash from the structural run-off of the IHOP business unit’s long-term notes receivable.

·                  Consolidated capital expenditures expected to range between $13 and $16 million.

·                  Consolidated G&A expenses expected to range between $165 million and $175 million, including non-cash stock-based compensation expense and depreciation of approximately $20 million.

·                  Applebee’s company-operated same-store sales performance ranging between negative 2% to negative 5% for fiscal 2009 with domestic system-wide same-store sales expected to be similar to that of company-operated restaurants for the year.

·                  Improved operating margin at Applebee’s company-operated restaurants expected by 50 to 150 basis points.

·                  IHOP’s system-wide same-store sales performance to range between positive 1% and negative 1%.