Dine Brands Global, Inc. (NYSE:DIN) Q1 2023 Earnings Conference Call May 3, 2023 9:00 AM ET

Company Participants

Brett Levy - VP, IR and Treasury

John Peyton - CEO

Vance Chang - CFO

Tony Moralejo - President, Applebee's

Jay Johns - President, IHOP

Conference Call Participants

Eric Gonzalez - KeyBanc

Jake Bartlett - Truist Securities

Nick Setyan - Wedbush

Jeffrey Bernstein - Barclays

Brian Vaccaro - Raymond James

Todd Brooks - the Benchmark Company

Operator

Good day, and thank you for standing by. Welcome to the Dine Brands Global First Quarter 2023 Conference Call. At this time, all participants are in listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to the speakers today. Please go ahead.

Brett Levy

Good morning, and welcome to Dine Brands Global's first quarter 2023 conference call. I'm Brett Levy, Dine's Vice President of Investor Relations and Treasury. This morning's call will include remarks from John Peyton, CEO; and Vance Chang, CFO. And as discussed last call, Tony Moralejo, President of Applebee's; and Jay Johns, President of IHOP will be available following those remarks to address questions from the investment community in the Q&A portion of the call.

Please remember our safe harbor regarding forward-looking information. During the call, management may discuss information that is forward-looking and involves known and unknown risks, uncertainties and other factors, which may cause the actual results to be different than those expressed or implied. Please evaluate the forward-looking information in the context of these factors, which are detailed in today's press release and 10-Q filing. The forward-looking statements are as of today, and we assume no obligation to update or supplement these statements.

We may also refer to certain non-GAAP financial measures, which are described in our press release and also available on Dine Brands' Investor Relations website. For calendar planning purposes, we are tentatively scheduling the release of our second quarter 2023 earnings after the market close on Wednesday, August 2, 2023, with a call the following day before the market opens.

With that, it is my pleasure to turn the call over to Dine's CEO, John Peyton.

John Peyton

Thanks, Brett, and good morning, everyone. Thank you for joining us for our first quarter earnings call.

In Q1, we delivered a solid financial performance despite the challenging and dynamic economic environment. This is thanks to the focus and execution of our outstanding team members at Dine, our terrific franchisees and the restaurant teams.