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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.
Applebee’s is welcoming the New Year by bringing back its popular All You Can Eat Boneless Wings, Riblets & Double Crunch Shrimp for a limited time at just
Dine Brands Global, Inc. (NYSE: DIN) announces key leadership changes effective January 6, 2023. John Cywinski, President of Applebee’s, departs for a CEO role at another restaurant company. Tony Moralejo, previously President of Dine Brands International and Global Development, is appointed as Applebee’s President. Scott Gladstone, Senior VP of Strategy and Innovation, will now lead International and Corporate Development. Dine Brands' CEO John Peyton expressed confidence in the leadership transition, emphasizing the management team's capabilities to drive future growth.
IHOP has appointed Arthur Carl II as Vice President of Culinary, tasked with evolving the brand's menu and enhancing customer satisfaction. With over 30 years in the food industry, Carl previously worked as VP for Culinary and Beverage R&D at Dave & Buster's, recognized for his inventive menu strategies. Carl expressed enthusiasm for contributing to IHOP's brand promise, focusing on innovative and quality menu items across various dining experiences. As of September 30, 2022, IHOP operates 1,756 restaurants worldwide, franchised by Dine Brands Global, Inc. (NYSE: DIN).
IHOP has launched a new product, the IHOP Mini Pancake Cereal – Blueberry & Syrup, in collaboration with General Mills. Available from late December, this cereal features mini pancake-shaped pieces with blueberry and syrup flavors. The launch responds to consumer demand following a viral moment in 2020. Each serving contains 13g of whole grains and vitamins, appealing to families looking for convenient breakfast options. With a strong market presence, IHOP operates over 1,756 locations globally, which will help promote this new cereal.
NRD Capital Management announced that Fuzzy’s Taco Shop has signed a definitive agreement to be acquired by Dine Brands Global for $80 million. Fuzzy's has been a growth success since NRD took a majority stake in 2016, doubling unit count and improving franchise economics. NRD’s Managing Partner emphasized the value created for all stakeholders through the partnership. The acquisition is expected to enhance Fuzzy's growth trajectory as it aligns with Dine’s expansive dining portfolio, which includes prominent brands like Applebee’s and IHOP.
Dine Brands Global, Inc. (NYSE: DIN) has agreed to acquire Fuzzy’s Taco Shop for $80 million in cash, enhancing its fast-casual brand offerings in the growing Mexican food sector. This acquisition is expected to be immediately accretive to earnings, with a net purchase price of $70 million after tax benefits. Fuzzy’s, known for its Baja-style tacos, operates 138 restaurants across 18 states and has long-term plans to nearly double its locations. The brand projects $230 million in systemwide sales for 2022, indicating strong growth potential.
Dine Brands Global, Inc. (NYSE: DIN) has declared a quarterly cash dividend of $0.51 per share of common stock. This dividend payment is set for January 6, 2023, to stockholders on record by the close of business on December 20, 2022. As a leading full-service restaurant company, Dine Brands operates over 3,400 locations across 16 countries, including its popular brands, Applebee's and IHOP.
Applebee’s is introducing three new Sizzlin’ Skillets: Chicken & Shrimp Scampi, Cheddar Bacon & Chicken, and Garlic Parmesan Sirloin, starting at
Applebee's has launched its NEW festive $6 Mucho Cocktails, including the Tipsy Reindeer and Berry Merry Colada. These cocktails are designed to celebrate the holiday season, with the Tipsy Reindeer featuring Smirnoff Vodka and the Berry Merry Colada combining Captain Morgan with strawberry and melon liqueurs. Guests can enjoy these drinks in restaurant or To Go. According to Patrick Kirk, vice president of beverage innovation, these cocktails are ideal for holiday gatherings. As of September 30, 2022, Applebee's operates 1,670 restaurants in the U.S. and internationally.
Applebee’s will honor Veterans and Active Duty Military on November 11 by offering a complimentary full-size entrée at over 1,500 locations in the U.S.. This marks the 15th consecutive year of this initiative, with a total of 10.8 million free meals served since 2008. Guests can choose from seven popular entrées, including Top Sirloin and Classic Bacon Cheeseburger. Additionally, each veteran will receive a $5 Bounce Back Card for future dining. This gesture reinforces Applebee's commitment to supporting service members.
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