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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 has introduced the Bill Palmer Legacy Scholarship to honor its late founder, Bill Palmer. This initiative will award annual scholarships to 100 current team members and their children, facilitating access to continued education. The scholarship application period runs from
Dine Brands International has launched its first virtual IHOP location in Toronto, Canada, in collaboration with Ghost Kitchen Brands. This new kitchen model focuses on takeout and delivery, catering to the rising demand for off-premise dining options. Customers can now enjoy a variety of IHOP's menu items, including pancakes and breakfast combos, through a direct ordering platform and third-party delivery services. This initiative highlights the brand's commitment to innovation and accessibility, addressing the changing preferences of consumers.
Applebee's has launched a limited-time Cheetos-inspired menu featuring crispy boneless wings and cheese bites, available for dine-in and take-out across the U.S. The new items are tossed in original or Flamin’ Hot sauces and topped with crunchy Cheetos crumbles. Alongside this launch, Applebee’s introduces the Shirtkin, a napkin-like shirt for easier wing enjoyment. The promotion aims to engage customers on social media, rewarding select fans with the Shirtkin. This menu extension is influenced by Cosmic Wings, a delivery-only brand.
Dine Brands Global, Inc. (NYSE: DIN) announced its participation in two investor conferences. The first is the Deutsche Bank’s Gaming, Lodging, Leisure & Restaurants One-on-One Conference on November 19, 2021, in Miami Beach, Florida, which will not be webcast. The second event is a virtual fireside chat at the Barclays Eat, Sleep, Play Conference on December 2, 2021, at 9:00 a.m. Pacific time. The discussion will be accessible via a live webcast through the company's website.
Dine Brands operates Applebee's and IHOP with approximately 3,440 restaurants worldwide.
Dine Brands Global (NYSE: DIN) reported strong third-quarter 2021 results, with both Applebee's and IHOP exceeding pre-pandemic sales levels. Average weekly unit sales rose to $51.4K for Applebee's and $36.2K for IHOP, marking 114.2% and 101.4% recoveries from Q3 2019, respectively. The company achieved GAAP earnings per diluted share of $1.33, up from $0.60 in Q3 2020, driven by a 48% increase in EBITDA. A dividend of $0.40 per share was declared for Q4 2021, and share repurchases are set to resume. Total cash on hand stands at $385.2 million, enabling continued investment in growth.
Applebee's will honor Veterans Day on November 11 by offering a complimentary full-size entrée from an exclusive menu to veterans and active military personnel. This initiative marks the 14th year of the program, during which Applebee's has provided over 10.3 million free meals nationwide. Guests will also receive a $5 bounce-back card for future dining. More than 1,500 locations will participate, requiring proof of military service to redeem the offer.
Applebee's has launched its holiday offerings, introducing the $5 Sleigh Bell Sips cocktails, including the Tipsy Reindeer and Strawberry Merry Swirl. The promotion runs alongside a holiday gift card deal: buy a $50 gift card, get a $10 bonus card, valid through January 2, 2022. These festive cocktails can be enjoyed in-restaurant or to-go at participating locations. The initiative aims to enhance customer experience during the festive season, leveraging the popularity of affordable beverages and engaging promotions to attract guests.
Dine Brands Global, Inc. (NYSE: DIN) has declared a cash dividend of $0.40 per share for Q4 2021, payable on January 7, 2022. Stockholders on record by December 20, 2021 will receive this dividend. Additionally, the company plans to resume opportunistic stock repurchases, enhancing shareholder value. Dine Brands operates around 3,440 restaurants across 16 countries under the Applebee's and IHOP brands, indicating a robust market presence and potential for future growth.
IHOP® unveiled its new Hand-Crafted Melts sandwiches, expanding its menu for evening and portable dining options. This lineup includes seven varieties, featuring high-quality ingredients like 100% Black Angus steak and all-natural roasted turkey. Starting at $9.99, guests can enjoy these sandwiches with sides like French fries or buttermilk pancakes. IHOP's strategy aims to enhance off-premise sales, currently over 25% of its total business. This innovation reflects IHOP's commitment to offering craveable, convenient meal choices.
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