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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) has declared a quarterly cash dividend of $0.51 per share, payable on September 30, 2022. Shareholders of record by September 20, 2022 will receive this dividend. Dine Brands operates restaurants under the Applebee's and IHOP brands, with over 3,400 locations across 16 countries as of December 31, 2021. This dividend declaration reflects the company's commitment to returning value to its shareholders.
IHOP is celebrating National Chocolate Milkshake Day on
Applebee's has announced the return of its popular All You Can Eat Boneless Wings for a limited time, priced at
IHOP is enhancing its menu with the launch of a new Choice menu, featuring customizable Griddle Combos, Steakburgers, and Chicken Sandwiches available all day. Starting August 22, guests can enjoy seasonal items like Pumpkin Spice Pancakes and Scary Face Pancakes. In a strategic partnership with Xbox, loyalty members can access exclusive offers including a one-month Xbox Game Pass Ultimate trial. IHOP's offerings are designed to provide value and satisfaction across all meal times, available until October 31.
Applebee’s has launched two new $7 Mucho Cocktails™ made with Dwayne Johnson’s Teremana tequila: the Blue Tiki Manarita and the Cyclone Swirl Manarita. These cocktails aim to provide a summer experience with tropical flavors, featuring a blend of passion fruit, pineapple, cherry, and lime in the Blue Tiki Manarita, and a strawberry and mango swirl in the Cyclone Swirl Manarita. Both drinks are served in signature Mucho glasses and are available for dine-in or take-out at select locations.
Dine Brands Global, Inc. (NYSE: DIN) announced the completion of its new Class A-1 Variable Funding Senior Notes, replacing the previous Class A-1 Notes. The new financing allows for up to $325 million in drawdowns compared to the $225 million limit of the prior notes. The interest rates will vary, starting at 2.50% plus the Term SOFR funding rate. The principal and interest are expected to be repaid by June 2027, with options for two one-year extensions. This move enhances Dine Brands’ financing capacity, supporting its operations and growth.
Dine Brands Global, Inc. (NYSE: DIN) reported strong Q2 2022 results, with Applebee’s and IHOP achieving positive comparable restaurant sales. Applebee’s saw a 1.8% increase, while IHOP's sales rose by 3.6%. Total revenues reached $237.8 million, up from $233.6 million in Q2 2021. The company repurchased 912,992 shares, returning $61 million to shareholders. However, adjusted EBITDA fell to $66.1 million from $71.7 million year-over-year, primarily due to increased general and administrative expenses and inflation impacts. Dine Brands reaffirmed its 2022 financial performance guidance.
Applebee's has partnered with Winky Lux to launch Saucy Gloss, a limited-edition collection of lip glosses inspired by their famous wing sauces, coinciding with National Wing Day and National Lipstick Day. This collaboration features four flavors, each priced at
Dine Brands Global, Inc. (NYSE: DIN) has appointed Brett Levy as Vice President of Investor Relations and Treasury, effective July 25, 2022. Levy, with over 25 years of experience on Wall Street, previously served as a restaurant industry analyst for major financial institutions and has hedge fund investing experience. His role includes developing investor relations strategies and nurturing relationships with stakeholders. CFO Vance Chang expressed enthusiasm for Levy's deep industry knowledge, anticipating that it will enhance long-term shareholder value.
Dine Brands International announces plans to open five IHOP® restaurants in Western Saudi Arabia over the next five years, starting with a location in Jeddah in early 2023. This expansion, partnering with franchisee Ahmed Marashde, marks a continued commitment to growth in the Middle East, following recent successes in Cairo, Egypt. The new locations will provide a diverse menu for breakfast, lunch, and dinner, targeting a significant population in a young, booming economy.
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