DineEquity raises FY17 CapEx view to about $14M from $12M
Revised expectation for the income tax rate to be approximately 40%. This compares to previous expectations for approximately 38%. The expected increase is primarily due to the impact of new accounting guidance for share-based payments. Revised expectations for cash flows provided by operating activities to range between $80 million and $90 million. This compares to previous expectations of between $98 million and $108 million. The expected decline compared to fiscal 2016 is primarily due to projections for lower segment profit, partially offset by lower general and administrative expenses as discussed above. Revised expectations for adjusted free cash flow to range between $76 million and $86 million. This compares to previous expectations of between $96 million and $106 million.