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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, the Official Grill + Bar Sponsor of the NFL, introduces Applebee's Pick 6 Mondays. From October 7 through the NFL season, guests can enjoy six FREE Boneless Wings every Monday after a Pick 6 occurs during any Sunday NFL game, with a minimum $10 purchase. This offer is available for dine-in and To Go orders.
Guests can redeem the offer by visiting their local Applebee's or ordering online using the promo code "PICK6" at checkout. The promotion aims to celebrate football season and enhance the NFL partnership. Applebee's CMO Joel Yashinsky highlights this as one of many exciting ways to celebrate the football season through their NFL partnership.
IHOP has announced a leadership transition, with current President Jay Johns set to retire after 16 years at Dine Brands and nearly six years as IHOP President. Johns will step down on January 6, 2025, but will remain in an advisory role until March 2025. Lawrence Kim, previously Chief Innovation Officer at YUM! Brands, has been appointed as President Designee effective October 21, 2024, and will become IHOP President on January 6, 2025.
Under Johns' leadership, IHOP successfully navigated pandemic challenges, expanded menu offerings, and strengthened its market position. The brand now operates over 1,800 restaurants globally, including locations in 13 countries outside the U.S. Kim brings over 20 years of leadership experience and will focus on innovation, guest experience, and restaurant development growth at IHOP.
Fuzzy's Taco Shop is celebrating National Taco Day on October 1, 2024, with $1.50 OG Tacos available all-day for dine-in and to-go at participating locations. The offer is to 15 specially-priced tacos per order and excludes Primo Baja tacos. Fuzzy's OG Tacos feature unique ingredients including scratch-made garlic sauce and feta cheese, with various filling options.
Customers can pair their tacos with beverages from Fuzzy's full bar, including draft beer, margaritas, and the iconic Beerita. The promotion aims to thank loyal customers and attract new ones. Patrick Kirk, Chief Marketing Officer, emphasized that at Fuzzy's, 'Every Day Is Taco Day®'. Guests are encouraged to check with their local Fuzzy's for drink specials and location-specific details.
Fuzzy's Taco Shop, a fast-casual+ restaurant brand, is partnering with No Kid Hungry for their 'Food is the Most Important School Supply' campaign during Childhood Hunger Awareness Month in September. Guests who donate $2 at participating locations will receive a coupon for a free OG Taco or Primo Baja Taco, redeemable through October 15, 2024. The initiative aims to combat childhood hunger and ensure every child has access to nutritious food.
Fuzzy's Taco Shop, known for its unique taco offerings and Mexican dishes, operates 124 franchise restaurants across 17 states and one company-owned location in Texas. The campaign reflects the brand's commitment to community support and aligns with their belief that no child should worry about hunger, especially during the school day.
Dine Brands International, an affiliate of Dine Brands Global, Inc. (NYSE: DIN), is expanding its global footprint with a new dual-branded Applebee's® and IHOP® location in Honduras. The company has signed a multi-unit development agreement with franchisee BLT Global Brands to open the first dual-branded restaurant in San Pedro Sula on September 16, 2024. This expansion marks Dine Brands' entry into Honduras and brings the total number of international dual-branded restaurants to 13 locations across 7 markets.
The company has also secured agreements to develop at least 21 new locations, 13 of which will be dual-branded, in various international markets. Dine Brands is actively seeking qualified Master Franchisees and Developers for further expansion in select markets in Asia, Europe, Brazil, Mexico, and Canada.
Dine Brands Global (NYSE: DIN), the parent company 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 is payable on October 8, 2024, to stockholders of record at the close of business on September 20, 2024. This announcement demonstrates the company's commitment to returning value to shareholders and maintaining its dividend policy.
Applebee's Grill + Bar kicks off its first season as the Official Grill + Bar Sponsor of the NFL with exciting promotions and partnerships. The restaurant chain is offering 50 cent Boneless Wings for dine-in and To Go, along with new $10 NFL Bucket Cocktails. Applebee's has launched a Club Applebee's Super Bowl Sweepstakes, giving fans a chance to win a trip to Super Bowl LIX.
The company has partnered with NFL stars Dan Campbell, Saquon Barkley, and Brock Purdy for a new advertising campaign and a six-part weekly mini-series called 'PRE-SEASONING – An Applebee's Training Camp'. The campaign aims to enhance customer engagement and promote Applebee's offerings during the football season.
Dine Brands Global, Inc. (NYSE: DIN), parent company of Applebee's, IHOP, and Fuzzy's Taco Shop, reported Q2 2024 financial results. Total revenues decreased to $206.3 million from $208.4 million in Q2 2023. GAAP net income available to common stockholders increased to $22.5 million, or $1.50 per diluted share, compared to $17.8 million, or $1.16 per diluted share, in Q2 2023. Domestic comparable same-restaurant sales declined for both Applebee's (-1.8%) and IHOP (-1.4%). The company revised its 2024 guidance, reducing expectations for comparable same-restaurant sales, IHOP's domestic development, and consolidated adjusted EBITDA. Dine Brands maintains a strong balance sheet with $218.4 million in total cash and over $223 million available borrowing capacity.
Fuzzy's Taco Shop has partnered with Thomas Rhett's Dos Primos Tequila to introduce the Watermelon Jala-'Rita, available until September 8. This premium rocks margarita features Dos Primos Blanco Tequila, watermelon, and jalapeño in an 18-ounce Tajin-rimmed schooner. A milder version without jalapeño is also available.
Thomas Rhett, co-creator of Dos Primos Tequila, emphasizes the brand's focus on savoring life's moments. Patrick Kirk, CMO of Fuzzy's Taco Shop, highlights the alignment of values between the two brands. As of March 31, 2024, Fuzzy's Taco Shop operates 128 restaurants across 18 states, including 127 franchises and one company-owned location in Texas.
Fuzzy's Taco Shop introduces two -time menu items for summer: the Hot Honey Chicken Taco and Hot Honey Chicken Salad, available through September 8. The taco features crispy chicken tenders with hot honey butter, peach pico de gallo, cabbage, feta, and cilantro in a flour tortilla. The salad includes similar ingredients on a bed of greens with ranch dressing.
Fuzzy's also launches the Hot Fuzzy's Taco Trio for $9.99, combining the new Hot Honey Chicken Taco with two classic OG Tacos. As of March 31, 2024, Fuzzy's Taco Shop operates 128 restaurants across 18 states, including 127 franchised locations and one company-owned restaurant in Texas.
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