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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) reported robust financial results for Q3 2022, showcasing continued strength from Applebee's and IHOP. Applebee's comparable restaurant sales rose 3.8%, while IHOP's increased 1.9%. Total revenues reached $233.2 million, up from $228.7 million YoY, driven by positive comparable sales. Consolidated adjusted EBITDA stood at $63.6 million. However, G&A expenses rose to $46.3 million due to strategic investments. The company announced a quarterly dividend of $0.51 per share and repurchased 140,997 shares, reflecting its commitment to shareholder value.
Applebee's appoints Chef Scott Rodriguez as Senior Vice President and Chief Culinary Officer, enhancing its culinary leadership and innovation. Chef Rodriguez, with over 20 years in casual dining, previously worked with brands like Papa John's and BJ's Restaurants. He emphasizes guest focus and operational excellence, planning to engage with teams and guests during his initial months. His role will also include participation in Operations and Marketing Committees to align future culinary innovations. Applebee's operates 1,673 restaurants across the U.S. and internationally through Dine Brands Global (NYSE: DIN).
Applebee's is rolling out a special promotion for Halloween on
IHOP® awarded Maaza Henry as Franchisee of the Year for 2021 during its 2022 Global Franchisee Conference. With 24 years at IHOP, Henry operates two restaurants in North Carolina and is recognized for her leadership and dedication to guest service, achieving excellent Guest Relations results. IHOP's president, Jay Johns, praised her as a role model for franchisees. Beyond her business success, Henry is acknowledged for her community involvement, providing meals to local organizations. As of March 31, 2022, there are 1,751 IHOP restaurants worldwide, under Dine Brands Global, Inc. (NYSE: DIN).
Dine Brands Global, Inc. (NYSE: DIN) will report its third-quarter 2022 financial results on November 2, 2022, before market open. A conference call to discuss these results and the company's outlook will take place on the same day at 9:00 a.m. Eastern Time. Dine Brands operates over 3,400 restaurants under the Applebee's and IHOP brands, serving customers across 16 countries. The event will also be available as a live webcast on the company's investor relations page.
IHOP introduces its new Thick ‘N Fluffy French Toast, available in flavors such as classic, strawberry banana, and lemon ricotta mixed berry. Guests can enjoy this dish for just 10 PanCoins at participating locations. The brand also unveils an all-day menu highlighting lighter and indulgent meals, featuring items like Plant-Based Sausage and All-Natural Atlantic Salmon. Additionally, IHOP has eliminated high fructose corn syrup from its syrups, enhancing meal quality.
Applebee's recently held its annual franchise conference in Beaver Creek, Colorado, highlighting its franchisees' performance and community engagement. In 2021, Applebee's outperformed the casual dining sector for 51 weeks and maintained strong sales into 2022. The conference raised over $300,000 for the Bill Palmer Legacy Scholarship Fund, supporting team members' educational pursuits. Franchisee TEAM Schostak Family Restaurants was awarded Franchisee of the Year for outstanding commitment and sales. Applebee's operates over 1,670 locations globally, under the ownership of Dine Brands Global.
Applebee’s has introduced three new menu items: the Bourbon Street Mushroom Swiss Burger, Neighborhood Double Burger, and Cinnabon Mini Swirls, aiming to enhance its dining experience just in time for football season. Customers can pair any Handcrafted Burger with 5 Boneless Wings for only $1 more. This promotion encourages dine-in, takeout, and delivery options, catering to football fans and families alike.
Applebee's has reintroduced its Spooky Sips cocktails at just $6 each, celebrating Halloween with offerings like the Tipsy Zombie and Dracula’s Juice. These cocktails feature premium spirits and are available for dine-in and takeout at participating locations. Patrick Kirk, the vice president of beverage innovation, emphasizes the continued appeal of the brand’s festive drinks, aiming to attract customers during the Halloween season. Applebee’s currently operates 1,673 restaurants across the U.S. and internationally under the ownership of Dine Brands Global.
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