DineEquity Inc., operator of Applebee's and IHOP restaurants, posted a worse-than-anticipated slide in revenue in the latest quarter amid disappointing same-store restaurant performance.

DineEquity, which has sold nearly all of its company-owned restaurants to franchisees as a way to generate more consistent revenue and to insulate itself from the volatility of commodity costs and consumer spending, said domestic systemwide same-restaurant sales edged up 0.2% at IHOP and slipped 4.2% at the Applebee's chain.

"While we are dissatisfied with the comparable-sales results, we are confident in our clear long-term strategies for both brands," said Chief Executive Julia Stewart. The company has said it is "aggressively executing our plan to get Applebee's back on track."

In all for the June quarter, DineEquity posted a profit of $26.8 million, down from $26.9 million, a year before. Per-share earnings rose to $1.45 from $1.40 a year ago, on lower share count.

Excluding special charges and other items, adjusted per-share earnings rose to $1.59 from $1.53 a year earlier. Revenue slid 6.6% to $160.3 million. Analysts polled by Thomson Reuters had forecast adjusted earnings of $1.59 a share on $162 million in revenue.

Shares, which have fallen 5.3% this year, lost another 0.3% premarket to $80.

Write to Anne Steele at Anne.Steele@wsj.com

(END) Dow Jones Newswires

August 03, 2016 09:15 ET (13:15 GMT)