Dine Brands Global Inc Stock Price, News & Analysis

Applebee’s has launched a new late-night promotion featuring half-off appetizers during select hours, enhancing its late-night offerings. This deal applies to popular items like Boneless Wings, Mozzarella Sticks, and the new Brew Pub Loaded Waffle Fries. Designed to attract customers and provide value, the promotion aims to create a fun dining experience while being wallet-friendly. The initiative reflects Applebee's commitment to customer satisfaction and aims to boost evening traffic to its 1,676 locations.

Applebee’s introduces two new cocktails, the All-American Mucho and Blue Bahama Mama, priced at $5 each, available now through the Fourth of July. These cocktails feature premium spirits, with the All-American Mucho combining Tito's Handmade Vodka and frozen lemonade, and the Blue Bahama Mama utilizing Captain Morgan and Malibu Coconut. Customers can enjoy these drinks in-house or as To Go orders. The promotion aims to enhance customer experience during summer while offering festive options at an affordable price.

Dine Brands Global, Inc. (NYSE: DIN) has achieved its first Great Place to Work Certification™, highlighting its commitment to workplace culture. This recognition stems from employee feedback, with over 90% feeling treated fairly and 88% believing they make a difference. In 2021, Dine promoted over 50 team members and launched initiatives to enhance employee experience, including paid volunteer time and updated tuition reimbursement. CEO John Peyton emphasized the importance of creating a workplace where authenticity and diversity are celebrated.

Applebee’s announces the launch of its NEW Mucho Cocktails™ for summer, featuring $5 drinks inspired by Dwayne “The Rock” Johnson’s Teremana Tequila. The two cocktails, Sunset Mana Rita and Tipsy Shark, offer guests exciting tropical flavors, available for a limited time. This promotion aims to attract patrons during peak margarita season. The cocktails can be ordered To-Go at participating locations. Applebee’s continues to enhance its menu offerings while leveraging partnerships with celebrities to boost guest interest.

Applebee’s is partnering with Paramount Pictures to celebrate the release of Top Gun: Maverick by offering a promotion that provides guests with a free Fandango movie ticket. Customers spending $25 or more on qualifying purchases from May 16 to June 12, 2022, will receive one movie ticket, or two tickets with a purchase of $50 or more. The initiative aims to enhance the dining experience while attracting customers to Applebee’s locations, which are strategically situated near theaters.

Dine Brands Global, Inc. (NYSE: DIN) has announced an 11% increase in its quarterly cash dividend, now set at $0.51 per share. The dividend is scheduled for payment on July 8, 2022, to stockholders on record as of June 20, 2022. Dine Brands continues to thrive with over 3,400 restaurants across 16 countries through its franchises, Applebee's and IHOP. This dividend increase reflects confidence in the company’s ongoing performance and enhances shareholder returns.

Dine Brands Global, Inc. (NYSE: DIN) reported a 13% increase in consolidated revenues to $230.4 million year-over-year for Q1 2022, with a 9% rise in gross profit to $92.8 million. The company repurchased $41 million of common stock and opened 11 new restaurants. However, GAAP earnings per diluted share decreased to $1.45 from $1.51, largely due to higher tax expenses. The company's leverage ratio increased to 4.05x while it reported an adjusted free cash outflow of $10.1 million.