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Dine Brands Global, Inc. (NYSE: DIN) is a leading multi-brand restaurant company that owns and franchises thousands of dining establishments primarily in the United States. With its headquarters in Pasadena, California, Dine Brands Global operates two iconic American restaurant brands: Applebee's Neighborhood Grill + Bar and International House of Pancakes (IHOP).
Core Business: The company's core business involves earning revenue through franchise operations, rental operations, financing operations, and company-operated restaurant operations. Franchise operations make up the majority of the revenue, with royalty revenue from franchisees accounting for roughly three-quarters of the total company revenue. Dine Brands also leases restaurant sites to franchisees, adding another significant revenue stream.
Recent Achievements: Dine Brands has recently expanded its operations through innovative partnerships and new ventures. A notable recent collaboration is with Virtual Dining Concepts, which has enabled IHOP to offer new virtual brands such as NASCAR Refuel Tenders & Burgers and MLB Ballpark Bites Presented by Mastercard. These virtual brands are available for delivery from numerous IHOP locations across the country, attracting a wider audience and driving incremental sales.
Current Projects: Dine Brands continues to innovate and expand its presence. The company is focused on enhancing its off-premise channels to boost sales during non-peak hours like lunch, dinner, and late night. This strategy includes the implementation of new virtual dining brands that cater to modern consumer preferences.
Partnerships: In addition to its partnership with Virtual Dining Concepts, Dine Brands has collaborated with major organizations such as NASCAR and Major League Baseball to develop new food concepts. These partnerships underscore the company’s commitment to delivering exceptional dining experiences and expanding its market reach.
Financial Condition: Dine Brands Global is financially robust, thanks to its strategic focus on franchising and brand revitalization. The company’s 99%-franchised system of over 3,600 Applebee's and IHOP restaurants in 18 countries demonstrates its extensive and successful franchising model.
Significance: As reported by Nation's Restaurant News, Applebee's and IHOP are category leaders in casual and family dining. The company’s proven expertise in brand revitalization and franchising has solidified its position as a formidable player in the restaurant industry.
Overall, Dine Brands Global, Inc. stands out for its visionary leadership, strategic partnerships, and unwavering commitment to enhancing value for its shareholders, franchisees, and team members.
Dine Brands Global (NYSE: DIN), owner of Applebee's, IHOP, and Fuzzy's Taco Shop, has announced a quarterly cash dividend of $0.51 per share of common stock. The dividend will be paid on January 7, 2025, to stockholders of record as of December 20, 2024.
IHOP has announced its role as the official breakfast partner of Xbox, launching exclusive merchandise and rewards for loyalty members. The partnership introduces new menu items centered around the game Indiana Jones and the Great Circle, featuring the debut of Fully Loaded French Toast in three flavors: The Great Circle of Cinnamon, Secret Cookie Butter, and Berry'd Treasure.
Starting November 18, loyalty members can redeem PanCoins for collectible IHOP + Xbox glasses, game downloads, and gaming accessories. The partnership includes Xbox-themed sweepstakes and a livestream event. Additionally, IHOP is introducing new seasonal items including Junior Adventurer's Cookie Butter French Toast Sticks, Explorer's Caramel Apple Butter Hot Chocolate, Long Lost Cookie Butter Milkshake, and a Holiday French Toast Creations Family Feast.
Applebee's has launched its NEW Really BIG Meal Deal, offering customers a choice between the NEW Big Cluckin' Chicken Sandwich or BIG Classic Bacon Cheeseburger, served with Classic Fries and a fountain drink for $9.99. The Big Cluckin' Chicken Sandwich features a hand-breaded chicken breast with lettuce, pickles, tomato, and mayo on a Brioche bun. The Classic Bacon Cheeseburger includes an all-beef patty, American cheese, Applewood-smoked bacon, and fresh toppings. The promotion is available for both dine-in and To Go orders through Applebees.com or their mobile app.
Dine Brands Global (NYSE: DIN) reported Q3 2024 financial results showing declining sales across its restaurant brands. Applebee's saw domestic same-restaurant sales decline 5.9%, while IHOP experienced a 2.1% decrease. Total revenues were $195.0 million, down from $202.6 million in Q3 2023. Despite top-line challenges, GAAP net income increased to $18.5 million ($1.24 per diluted share) compared to $18.0 million ($1.19 per diluted share) in Q3 2023. The company maintained most of its 2024 guidance but reduced G&A expense expectations to $195-200 million.
Centralized Supply Chain Services (CSCS) has announced its Supplier Partners of the Year at the 2024 Global Franchise Conferences for Applebee's and IHOP. Turano Baking Company was named Applebee's Supplier Partner of the Year for their creative solutions, cost-competitiveness, and supply continuity. C.H. Guenther and Son received IHOP's Supplier Partner of the Year award for their responsive product development, transparent pricing, and efficient supply management during high-sales periods.
Fuzzy's Taco Shop, a fast-casual-plus Mexican restaurant chain, has announced strategic leadership changes to drive future growth. Patrick Kirk, previously Chief Marketing Officer, has been appointed as President and Chief Marketing Officer. Marshall Claycamp, formerly Executive Director of Operations Services for IHOP, has been named Chief Operations Officer.
Kirk, with over 23 years of industry experience, will define the Fuzzy's Taco Shop experience, guide brand growth, and manage organizational aspects. Claycamp will lead all operations and franchise restaurant operations. Both appointments aim to leverage their expertise in building strategic plans, fostering partnerships, and enhancing guest experiences.
Fuzzy's Taco Shop, founded in 2003 in Fort Worth, Texas, is now part of Dine Brands Global, Inc. (NYSE: DIN), which acquired the brand in 2022. The company operates nearly 3,600 restaurants across 18 international markets under the Applebee's, IHOP, and Fuzzy's Taco Shop brands.
Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee's, IHOP, and Fuzzy's Taco Shop restaurants, has announced it will release its third quarter 2024 financial results on November 6, 2024, before the stock market opens. The company will host a conference call at 9:00 a.m. Eastern Time on the same day to discuss the financial results and business outlook.
A live webcast of the call will be available on the Investor Relations page of the company's website. To access the call by phone, participants can use the provided conference call registration link. To avoid delays, it is recommended to dial in fifteen minutes before the scheduled start time. A replay of the webcast will be available for a time on the company's website.
IHOP has named Brandon & Shaleeza Collins as the 2023 Franchisee of the Year at their annual Global Franchisee Conference. The Collins family's IHOP journey began in 2006 when Brandon's parents opened a restaurant in North Baton Rouge. In 2023, Brandon and Shaleeza purchased the restaurant, continuing the family legacy. They are recognized for their leadership excellence and commitment to guests, team members, and the community.
IHOP President Jay Johns praised the Collins for embodying 'iHospitality' by bringing joy, warmth, and familiarity to their restaurant. The couple is known for their hands-on approach, team spirit, and honorable management skills. They have trained many IHOP Team Members, including family members, and created a family-first environment in their Baton Rouge restaurant.
Fuzzy's Taco Shop introduces a spicy -time offer from October 16 to November 24, 2024. The promotion features a Surf 'N Turf combo for $7, including a Diablo Shrimp Taco and a Grilled Steak Taco, paired with an 18-ounce Miller Lite draft for $3. New menu items include:
- Diablo Shrimp Taco: Spicy shrimp with grilled peppers, slaw, avocado, and cilantro
- Diablo Shrimp Bowl: Eight shrimp over beans and rice with various toppings
- Strawberry Topo 'Rita: Frozen margarita with strawberry swirl and Topo Chico Hard Seltzer
The promotion aims to attract customers with bold flavors and competitive pricing. Available at participating locations for dine-in and to-go, with some restrictions on delivery and alcohol purchases.
IHOP has launched its new House Faves menu, offering popular breakfast items for just $6 on weekdays from 7am-10pm. To promote this value-driven initiative, IHOP partnered with rock band LOVERBOY to create a new version of their hit song 'Working for the Weekend,' now titled 'Working for the Weekday.' The campaign features a music video starring IHOP's Syrup Caddies performing the re-recorded song.
IHOP also collaborated with actress Julie Bowen to join the House Faves campaign, emphasizing the brand's focus on family dining throughout the week. The House Faves menu includes four $6 options: Breakfast Faves Combo, Ham & Cheese Omelette, French Toast Breakfast, and House Scramble with Hash Brown. This new menu aims to meet customers' desire for affordable dining options for their families.
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