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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 International is set to expand its IHOP restaurants in Ontario, Canada, with a minimum of five new locations over the next five years. The first IHOP will open in Belleville in February 2022, primarily located at a truck stop. Construction starts in August 2021. This expansion is facilitated through an agreement with K2 Group, led by Kailash Kasal. Dine Brands aims to recover pre-pandemic growth, emphasizing job creation and a safe dining experience for customers. The company continues its strategy for growth across various international markets.
IHOP® has launched a new libations menu, ‘Bubbles, Wine & Brews,’ at select locations, featuring locally sourced beers and wines. Currently available in three IHOP restaurants in San Diego and New Mexico, the rollout will expand to additional states including New York and Maryland. The menu includes popular drink options like mimosas and Barefoot wines, catering to consumer demand for alcoholic beverages during dining. This initiative reflects IHOP's commitment to adapt to evolving customer preferences beyond breakfast offerings.
Dine Brands Global, Inc. (DIN) reported strong financial results for Q2 2021, with Applebee’s and IHOP showing significant recovery post-pandemic. Applebee’s comparable sales increased 102.2% year-over-year, while IHOP's rose by 120.1%. The company achieved GAAP earnings per diluted share of $1.69, a turnaround from a loss of $8.33 in Q2 2020. Cash flow from operations surged to $106 million, reflecting improved gross profit. However, challenges from labor shortages and COVID-19 variants remain as potential risks for future performance.
Applebee’s is partnering with Disney to offer FREE movie tickets for Disney’s Jungle Cruise from now until August 15. Guests can receive a cinema ticket valued up to $15 for every $25 spent in a single transaction at Applebee’s, applicable for dine-in, delivery, or To Go orders. This promotion allows customers to earn up to four movie tickets, encouraging family gatherings this summer. Joel Yashinsky, Applebee’s CMO, emphasizes the aim to revive the family dining experience.
Applebee's introduces its new $7 Mana Margaritas, featuring Dwayne “The Rock” Johnson’s Teremana ultra-premium tequila. This summer-inspired offering includes options like the Blue Aloha Margarita and Strawberry Coconut Margarita, both made with Teremana Blanco Tequila. The drinks are part of Applebee's Mucho cocktails and served in signature Mucho glasses. The initiative aims to enhance the dining experience as customers return to restaurants. Applebee's operates over 1,700 locations under Dine Brands Global. Must be 21+; availability varies.
Dine Brands Global, Inc. (NYSE: DIN) will release its second quarter 2021 financial results on August 5, 2021, before the market opens. A conference call will follow at 9:00 a.m. Pacific time to discuss the results. Participants can join by dialing (833) 528-0602 or (830) 221-9708 for international calls, entering conference ID 6786828. The call will also be available via webcast, with a replay accessible for a week after the event. Dine Brands operates approximately 3,500 restaurants across 16 countries.
IHOP® has launched the Pancake Support initiative to uplift spirits through the comfort of pancakes, amidst a challenging year. The campaign invites guests to share their quarantine stories on Twitter using the hashtag #INeedPancakeSupport for a chance to receive free pancakes and other giveaways. Star partner Chrishell Stause promotes this playful campaign following her dance competition elimination. IHOP aims to reconnect with customers, emphasizing the joy of coming together over meals, with over 1,772 locations worldwide, fostering a warm dining experience.
Applebee’s has launched its NEW Star-Spangled Sips to celebrate the summer season, featuring $5 Mucho Cocktails like the Blue Bahama Mama and Boom Berry Daiquiri. New salads, including the Quesadilla Chicken Salad and Buffalo Chicken Wedge Salad, complement these cocktails. Guests can enjoy these drinks To Go at participating locations. Joel Yashinsky, Chief Marketing Officer, expresses excitement about these summer offerings. Applebee’s aims to provide a lively dining experience through its network of restaurants, franchised by Dine Brands Global (DIN).
IHOP has announced the pilot launch of its new fast-casual concept, flip’d by IHOP, aimed at meeting increasing consumer demand for made-to-order meals. The first location will open in New York City this summer, with additional sites in Lawrence, Kansas; Columbus, Ohio; and Dublin, Ohio planned. flip’d will offer an all-day menu inspired by IHOP favorites, featuring items like Pancake Bowls, Egg Sandwiches, and Burritos. This initiative is part of IHOP's broader strategy to diversify its restaurant formats.
Dine Brands Global (NYSE: DIN) has announced the appointment of Vance Chang as Chief Financial Officer, effective June 14, 2021. Chang previously served as CFO of Exer Urgent Care and has extensive experience in finance roles at various companies, including Oracle and Deloitte. CEO John Peyton expressed enthusiasm for Chang's strategic leadership during the company's recovery and growth trajectory. Additionally, Allison Hall has been appointed as Senior Vice President and Chief Accounting Officer, after serving as interim CFO since January 2021.
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