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. reports developments across a restaurant platform built around Applebee’s Neighborhood Grill + Bar, IHOP and Fuzzy’s Taco Shop. Company news commonly covers quarterly results, comparable restaurant sales, franchise activity, company-owned restaurants, dividends, capital allocation priorities and restaurant development initiatives across its largely franchised model.
Brand-level updates often focus on Applebee’s casual dining promotions, beverage programs, off-premise ordering and limited-time menu launches, along with Fuzzy’s Taco Shop fast-casual menu activity. Dine Brands also reports business responsibility initiatives tied to people, food, governance, communities and franchisee operations.
Dine Brands Global (NYSE: DIN), the parent company of Applebee's, IHOP, and Fuzzy's Taco Shop, has announced a quarterly cash dividend of $0.51 per share of common stock. The dividend is payable on October 8, 2024, to stockholders of record at the close of business on September 20, 2024. This announcement demonstrates the company's commitment to returning value to shareholders and maintaining its dividend policy.
Applebee's Grill + Bar kicks off its first season as the Official Grill + Bar Sponsor of the NFL with exciting promotions and partnerships. The restaurant chain is offering 50 cent Boneless Wings for dine-in and To Go, along with new $10 NFL Bucket Cocktails. Applebee's has launched a Club Applebee's Super Bowl Sweepstakes, giving fans a chance to win a trip to Super Bowl LIX.
The company has partnered with NFL stars Dan Campbell, Saquon Barkley, and Brock Purdy for a new advertising campaign and a six-part weekly mini-series called 'PRE-SEASONING – An Applebee's Training Camp'. The campaign aims to enhance customer engagement and promote Applebee's offerings during the football season.
Dine Brands Global, Inc. (NYSE: DIN), parent company of Applebee's, IHOP, and Fuzzy's Taco Shop, reported Q2 2024 financial results. Total revenues decreased to $206.3 million from $208.4 million in Q2 2023. GAAP net income available to common stockholders increased to $22.5 million, or $1.50 per diluted share, compared to $17.8 million, or $1.16 per diluted share, in Q2 2023. Domestic comparable same-restaurant sales declined for both Applebee's (-1.8%) and IHOP (-1.4%). The company revised its 2024 guidance, reducing expectations for comparable same-restaurant sales, IHOP's domestic development, and consolidated adjusted EBITDA. Dine Brands maintains a strong balance sheet with $218.4 million in total cash and over $223 million available borrowing capacity.
Fuzzy's Taco Shop has partnered with Thomas Rhett's Dos Primos Tequila to introduce the Watermelon Jala-'Rita, available until September 8. This premium rocks margarita features Dos Primos Blanco Tequila, watermelon, and jalapeño in an 18-ounce Tajin-rimmed schooner. A milder version without jalapeño is also available.
Thomas Rhett, co-creator of Dos Primos Tequila, emphasizes the brand's focus on savoring life's moments. Patrick Kirk, CMO of Fuzzy's Taco Shop, highlights the alignment of values between the two brands. As of March 31, 2024, Fuzzy's Taco Shop operates 128 restaurants across 18 states, including 127 franchises and one company-owned location in Texas.
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.