Vance Chang
CFO at Dine Brands Global
As such, we're updating our full year guidance as follows. Starting with the top line, for both brands, based on our recent trends and the continued evolution of our value platforms, we now expect Applebee's domestic system wide comp sales to be between positive 1% and positive 3% compared to the previous range of negative 2% to positive 1%. At IHOP, we now expect domestic system wide comp sales to be between negative 1% and positive 1% compared to the previous range of negative 1% to positive 2%. Due to purposeful and accelerated investments in company operations, remodeling incentives and dual brands, we're updating our G and A, our EBITDA and our CapEx guidance. We're raising our G and A guidance to $2.00 $5,000,000 to $210,000,000 compared to our prior range of $200,000,000 to $2.00 $5,000,000 This includes non cash stock based compensation expense and depreciation of approximately $35,000,000 On EBITDA, we're reducing our range to $220,000,000 to $230,000,000 compared to our prior range of $235,000,000 to $245,000,000 Lastly, we're increasing our CapEx spend to be in the range of $30,000,000 to $40,000,000 compared to the prior range of $20,000,000 to $30,000,000 On development, we're maintaining our guidance for both brands, which for Applebee's is between 20 to 35 net fewer domestic restaurants and for IHOP, it's between 10 net fewer domestic restaurants to 10 net domestic openings. With that, I'll hand it back over to John.
