Dine Brands Global Inc Stock Price, News & Analysis

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 September 12 by reviving its popular Milkshake Monday event. Guests can enjoy a Buy One Milkshake, Get One Free deal, available from 12:00 p.m. - 8:00 p.m. at participating locations. Additionally, customers will earn double PanCoins on milkshakes through the loyalty program. IHOP will donate $1 from each milkshake sold, up to $50,000, to Comedy Gives Back, supporting comedians in need. This promotion aims to enhance customer experience while contributing to the comedy community.

Applebee's has announced the return of its popular All You Can Eat Boneless Wings for a limited time, priced at $12.99. The offer is perfect for the fall sports season and includes six flavors: Classic Buffalo, Honey BBQ, Sweet Asian Chile, Garlic Parmesan, Extra Hot Buffalo, and Honey Pepper. Guests can enjoy these wings with French fries and signature coleslaw. The campaign aims to attract diners during the football season, supported by marketing efforts from Chief Marketing Officer Joel Yashinsky.

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 $18, or a 4-piece combo for $65. Additionally, Applebee's has released a summer music video, 'Taste My Face', directed by Hannah Lux Davis, to promote the collection, encouraging singles to connect via social media during date nights.

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.