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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, Inc. (NYSE: DIN) announced plans to refinance its Series 2019-1 Class A-2-I Fixed Rate Senior Secured Notes, with a current principal balance of approximately $585 million. The company intends to introduce a new securitized financing facility, expecting to raise between $400 million and $500 million through Senior Term Notes. The proceeds will be utilized to repay the current notes in full, cover issuance expenses, and for general corporate purposes. The refinancing is subject to market conditions and there are no guarantees regarding timing or completion.
Dine Brands Global reported its Q4 and fiscal 2022 results, highlighting 1.7% and 2.0% year-over-year increases in comparable sales for Applebee’s and IHOP, respectively. Q4 revenues fell to $208 million from $229.6 million, largely due to the sale of 69 Applebee’s units. Adjusted EBITDA decreased to $57 million, with GAAP EPS dropping to $0.72 from $1.14 year-over-year. However, the company returned over $151 million to shareholders and retired $40 million in long-term debt. Fiscal 2023 guidance includes expected adjusted EBITDA of $243 to $255 million and a planned dividend of $0.51 per share.
Fuzzy’s Taco Shop has introduced the Margarita Shrimp Taco to its menu, available from
Fuzzy’s Taco Shop currently operates 137 locations across 18 states.
Dine Brands Global, Inc. (NYSE: DIN) has declared a quarterly cash dividend of
Applebee’s announces a limited-time offer allowing customers to add a dozen Double Crunch Shrimp for just $1 with any steak entrée. This promotion is available for dine-in, takeout, and delivery, providing a cost-effective way to enjoy a hearty meal. The shrimp, crispy and served with cocktail sauce, can be paired with various steak options including the 8-ounce USDA Select top sirloin. Chief Marketing Officer Joel Yashinsky emphasizes the appeal of this fan-favorite deal, urging customers to visit their local Applebee’s or order online. The promotion is available at participating locations and is subject to restrictions.
Dine Brands Global, Inc. (NYSE: DIN) is set to announce its fourth quarter and fiscal 2022 financial results on March 1, 2023, before market opening. A conference call will follow at 9:00 a.m. Eastern Time, discussing these results and the company's business outlook. Dine Brands operates well-known brands such as Applebee's and IHOP, with over 3,400 restaurants worldwide as of December 31, 2021. Investors can access the conference call via a live webcast or phone registration. The company emphasizes transparency and aims to provide insight into its performance amid economic uncertainties.
Applebee's is promoting a special offer for the Super Bowl on February 12, providing 20 free Boneless Wings with a minimum
Fuzzy's Taco Shop has expanded its menu by reintroducing two popular tacos: the Spicy Chimi Fajita Taco and Saucy Brisket Poblano Taco, effective January 18. The Spicy Chimi Fajita Taco, originally launched in early 2021, ranked as the second-highest selling limited-time taco, appearing on 8.4% of checks. The Saucy Brisket Poblano Taco, introduced late 2022, gained immediate acclaim from customers. Executive Chef Josh Diekman emphasized that these tacos aim to offer unique, flavorful experiences using premium ingredients. This move could positively impact customer engagement and sales for Fuzzy's Taco Shop.
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