Welcome to our dedicated page for Dine Brands Global news (Ticker: DIN), a resource for investors and traders seeking the latest updates and insights on Dine Brands Global stock.
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.
Fuzzy's Taco Shop introduces two -time menu items for summer: the Hot Honey Chicken Taco and Hot Honey Chicken Salad, available through September 8. The taco features crispy chicken tenders with hot honey butter, peach pico de gallo, cabbage, feta, and cilantro in a flour tortilla. The salad includes similar ingredients on a bed of greens with ranch dressing.
Fuzzy's also launches the Hot Fuzzy's Taco Trio for $9.99, combining the new Hot Honey Chicken Taco with two classic OG Tacos. As of March 31, 2024, Fuzzy's Taco Shop operates 128 restaurants across 18 states, including 127 franchised locations and one company-owned restaurant in Texas.
Applebee's has launched its annual fundraiser for Alex's Lemonade Stand Foundation (ALSF), celebrating 20 years of partnership in fighting childhood cancer. From now until September 2, Applebee's will donate 50¢ from every sale of their NEW Rockin' Poppin' Strawberry Lemonade to ALSF. Since 2005, Applebee's has raised over $16 million for ALSF, funding 320,000 hours of pediatric cancer research.
Guests can support the cause by adding digital lemons to their online orders, enjoying the new lemonade in-restaurant, donating when purchasing gift cards, or participating in local restaurant initiatives. Applebee's President Tony Moralejo emphasized the company's commitment to 'Doin' Good in the Neighborhood,' while ALSF Co-Executive Director Liz Scott expressed gratitude for Applebee's long-standing support in the fight against childhood cancer.
Applebee's (stock symbol: DIN) has reintroduced its popular All You Can Eat promotion, offering Boneless Wings, Riblets, and Double Crunch Shrimp with Endless Fries for $15.99. The -time offer aims to boost summer sales and customer engagement. Additionally, Applebee's has launched NEW $10 Backyard Buckets featuring cocktails like Rum Breeze, Watermelon Daq-A-Rita, and Citrus Twister Tea.
The company has also introduced Summertime Sips, including a $5 Backyard Blackberry Lemonade and a $4 Twisted Tea Hard Iced Tea. A non-alcoholic option, the Rockin' Poppin' Strawberry Lemonade, supports Alex's Lemonade Stand Foundation with a $0.50 donation from each dine-in order. These promotions are designed to attract customers and potentially increase revenue during the summer season.
Kraft Heinz has launched IHOP® syrups for home use, bringing the iconic flavors of IHOP pancakes to grocery stores nationwide. The new line includes Original and Butter Pecan flavors, designed to elevate home-cooked breakfasts. This innovation aims to disrupt the syrup aisle, which has seen changes in over 60 years.
Key points:
- IHOP sells over 400 million pancakes annually
- The syrups contain no high fructose corn syrup
- Prices start at $3.98
- Available at select retailers nationwide
This launch is part of Kraft Heinz's Taste Elevation platform, representing 41% of the company's global portfolio, and follows the introduction of IHOP coffee to grocery aisles.
Applebee's is celebrating National Chicken Wing Day on July 29, 2024 with a special To Go or Delivery deal. Customers who purchase one order of wings (Boneless or Classic Bone-In) will receive a second order for free when ordering through Applebees.com or the Applebee's mobile app using promo code WINGDAY24.
The offer allows customers to mix and match between America's Favorite Boneless Wings and Classic Bone-In Wings, available in six sauce options. This promotion follows Applebee's recent recognition as having 'America's Favorite Boneless Wings' based on a nationwide, double-blind taste test.
The deal is valid for one day only and is part of Applebee's strategy to attract customers for takeout and delivery orders. Interested parties can find more information on the company's website or mobile app.
Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee's, IHOP, and Fuzzy's Taco Shop, has announced it will release its second quarter 2024 financial results on August 7, 2024, before the stock market opens. The company will host a conference call at 9:00 a.m. Eastern Time to discuss the results and business outlook.
Investors can access a live webcast of the call on the company's Investor Relations page. For those joining by phone, a registration link is provided for dial-in details. Participants are encouraged to dial in fifteen minutes before the scheduled start time to avoid delays. A replay of the webcast will be available for a time on the company's website.
Applebee’s is offering a special summer deal on Mozzarella Sticks, available for just 50¢ each from July 8 to July 28, 2024. The promotion applies to both dine-in and To-Go orders placed via Applebee’s website or mobile app. The Mozzarella Sticks, known for their crispy exterior and gooey inside, are served with marinara sauce. Applebee’s CMO, Joel Yashinsky, highlighted that the appetizer is popular among guests. For To-Go orders, the promotion requires a minimum of four sticks per order and allows up to ten orders per basket. The offer is part of Applebee’s efforts to attract more customers with exclusive deals.
Applebee's is bringing back its popular Star-Spangled Sips for summer, featuring a variety of festive drinks at affordable prices. The promotion includes the $5 Blue Bahama Mama, the $7 All-American Mucho, and a new $4 Watermelon Breeze Mocktail. The Blue Bahama Mama is a cocktail with Captain Morgan, Malibu Coconut, and a special blend of fruit flavors, while the All-American Mucho is a frozen lemonade with Tito's Handmade Vodka. For non-alcoholic options, the Watermelon Breeze Mocktail combines Ocean Spray Cranberry with watermelon and lemon-lime soda. These drinks are available for a time, both for dine-in and to-go at participating locations.
Applebee's aims to provide refreshing and affordable drink options for summer celebrations, allowing guests to enjoy these beverages with friends and family without breaking the bank. More details and locations can be found on Applebee's website or mobile app.
Applebee's has launched a new range of hand-breaded chicken sandwiches, including the Bacon Ranch Crispy Chicken Sandwich, Sweet & Spicy Crispy Chicken Sandwich, and Bacon Cheddar Crispy Chicken Sandwich. These sandwiches feature crispy, hand-breaded chicken breasts with a variety of toppings and are available for dine-in and To Go.
Additionally, Applebee's has introduced Late Night Half Price Appetizers, available every night for dine-in and To Go. Popular items include Boneless Wings, Chicken Wonton Tacos, Mozzarella Sticks, and more. The new offers aim to enhance customer experience and provide value.
Fuzzy's Taco Shop has announced significant expansion plans with two multi-unit development agreements to open 40 new restaurants in Arizona and Texas over the next eight years. Established franchisee, Marc Rogers, will add 15 new restaurants in Arizona by 2032. New franchisee, Hnreck Nazarian of Nazarian Global Enterprises, plans to open 25 new restaurants in Houston, TX over the next seven years. Fuzzy's Taco Shop, which was acquired by Dine Brands in December 2022, currently operates nearly 130 locations in 18 states and continues to seek experienced franchisees.
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