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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 Global, Inc. (NYSE: DIN) reported Q1 2021 results, highlighting a strong recovery post-pandemic. Applebee's comparable same-restaurant sales rose by 11.9%, while IHOP faced a slight decline of 0.9%. The company improved its cash position, repaying $220 million from its credit facility, and ended the quarter with $272.4 million in cash. GAAP earnings per diluted share increased to $1.51 from $1.31 in Q1 2020, driven by greater gross profit, despite rising expenses. The company remains cautious about 2021 due to potential COVID-19 impacts and has revised capital expenditure projections to $19 million.
IHOP® has launched its new Steakhouse Premium Bacon as part of the Bacon Obsession menu, marking it as the first national family dining restaurant to offer this unique dish. This thick-cut bacon, five times thicker than regular options, is seasoned with a maple glaze. For a limited time, it can be added to breakfast combos for $1.49. The Bacon Obsession menu features seven new items, including the Steakhouse Premium Bacon Burger and Maple Bacon Milkshake, showcasing IHOP's commitment to innovative dining at an affordable price.
Dine Brands Global, Inc. (NYSE: DIN) will announce its Q1 2021 financial results on May 5, 2021, prior to market opening. A conference call to discuss the results is scheduled for the same day at 9:00 a.m. Pacific time. Interested participants can join by dialing (833) 528-0602 or (830) 221-9708 for international calls. A live webcast will be available on the company’s website. A replay will be accessible from 12:00 p.m. Pacific time on May 5 to May 12. Dine Brands operates around 3,500 restaurants globally.
IHOP® has announced plans to hire 10,000 new employees for its franchised locations in the coming months, coinciding with the National Recruiting Day on May 19. The hiring campaign focuses on both part- and full-time positions across over 1,600 restaurants. Interested candidates can view available openings at www.ihop.com/careers. In light of the pandemic, IHOP has implemented health protocols to ensure safety during the hiring process, underscoring its commitment to staff readiness as the restaurant industry rebounds.
Applebee’s has launched its NEW Springtime Sips, featuring $5 Mucho Cocktails to celebrate the margarita season. Customers can enjoy two new cocktails: the Tipsy Shark, made with 1800 Reposado Tequila, blue curacao, and pineapple juice, and the Strawberry Daq-A-Rita, a mix of half margarita and half daiquiri. These drinks are available for dine-in and To-Go at participating locations. Applebee’s operates 1,711 franchises and company-operated restaurants globally and is a subsidiary of Dine Brands Global.
Dine Brands Global, Inc. (NYSE: DIN) announced the retirement of Bryan R. Adel, Senior Vice President, Legal, General Counsel, and Secretary, effective April 23, 2021, after more than 10 years with the company. During his tenure, Adel significantly contributed to various departments, including Risk Management and Cybersecurity. Christine K. Son, previously Vice President, Deputy General Counsel, will succeed him. Dine Brands operates around 3,500 restaurants globally under the Applebee's and IHOP brands, making it one of the largest full-service restaurant companies.
Dine Brands Global (DIN) reported a GAAP net loss of $0.10 per share for Q4 2020, a decline from $1.59 EPS in Q4 2019, driven by COVID-19 impacts. Overall, Applebee’s and IHOP saw comparable same-restaurant sales drop by 17.6% and 30.1%, respectively. Off-premise sales surged, with Applebee's rising 133.3% and IHOP growing 130.4%. Despite a challenging environment, the company ended 2020 with $456.1 million in cash, positioning itself for potential recovery in 2021. However, the financial outlook remains uncertain due to ongoing pandemic effects.
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