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DineEquity, Inc. Reports First Quarter Fiscal 2016 Results

Adjusted net income available to common stockholders was $29.1 million, or adjusted earnings per diluted share of $1.58, for the first quarter of 2016. This compares to $31.1 million, or adjusted earnings per diluted share of $1.64, for the same period of 2015. The decline in adjusted net income was mainly due to the expected increase in general and administrative expenses and the impact on gross profit from the sale of the remaining Applebee’s company-operated restaurants in the third quarter of 2015. The decline was partially offset by fewer weighted average shares outstanding.

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