Dine Brands reported second-quarter revenue of $240.9 million, up from $230.8 million a year earlier, as sales growth at IHOP offset continued weakness at Applebee's. Net income fell to $4.3 million, or 35 cents per diluted share, from $13.8 million a year earlier. Adjusted earnings of $1.16 per share missed analyst expectations of $1.20. Domestic same-restaurant sales rose 1.5% at IHOP and fell 1.8% at Applebee's. The revenue gain was driven by higher company-owned restaurant sales. Chief executive John Peyton said consumers continue to prioritise affordability and value. He noted IHOP posted its third consecutive quarter of outperformance on both sales and traffic. Applebee's closed a net 59 franchise locations during the quarter. The company maintained its full-year guidance.

Thermon, a provider of engineered industrial process heating solutions, has demonstrated strong financial performance with a 10.5% trailing 12-month free cash flow margin. The company's revenue grew 12.4% annually over the past five years, indicating market share gains. Thermon's operating margin improved by 8.8 percentage points over five years, showing efficient scaling. Its earnings per share increased 46.1% annually during this period, outpacing revenue growth and demonstrating highly profitable incremental sales. Meanwhile, Dine Brands and Corcept Therapeutics face challenges despite producing cash. Dine Brands has experienced lagging same-store sales and a declining operating margin, whilst Corcept's earnings per share fell 6.9% annually over five years despite revenue growth, indicating reduced profitability.

Dine Brands Global reported fourth-quarter adjusted EBITDA of $59.8 million, compared to $50.1 million in the same period last year. For the full year, adjusted EBITDA totalled $219.8 million, down from $239.8 million in 2024. Applebee's posted full-year comparable sales growth of 1.3%, reversing 2024's negative 4.2% performance, though fourth-quarter sales declined 0.4%. IHOP achieved positive traffic and 0.3% comparable sales growth in the fourth quarter, with full-year sales down 1.5%, an improvement from 2024's negative 2%. The company opened 80 new restaurants globally in 2025, including 32 international dual-brand locations. Dual-brand restaurants delivered approximately 1.5 to 2.5 times higher revenue than single-brand locations. Dine Brands expects to open at least 50 additional dual-brand restaurants in 2026.