Dine Brands Global Inc Stock Price, News & Analysis

IHOP has launched its largest menu evolution to date, introducing a range of new items, including Eggs Benedicts, Crepes, and Ultimate Steakburgers featuring a Four-Cheese Crisp. This menu refresh aims to meet customer demands for quality ingredients, variety, and value. Highlights include new flavor options such as Sweet & Savory Crepes and returning favorites like Cinn-A-Stack Pancakes. The new offerings will be available starting April 3 and will be supported by a comprehensive marketing campaign. For rewards members, there is a special promotion for Eggs Benedicts from April 14-23.

Dine Brands Global, Inc. (NYSE: DIN) announced plans to refinance its Series 2019-1 Class A-2-I Fixed Rate Senior Secured Notes, with a current principal balance of approximately $585 million. The company intends to introduce a new securitized financing facility, expecting to raise between $400 million and $500 million through Senior Term Notes. The proceeds will be utilized to repay the current notes in full, cover issuance expenses, and for general corporate purposes. The refinancing is subject to market conditions and there are no guarantees regarding timing or completion.

Dine Brands Global reported its Q4 and fiscal 2022 results, highlighting 1.7% and 2.0% year-over-year increases in comparable sales for Applebee’s and IHOP, respectively. Q4 revenues fell to $208 million from $229.6 million, largely due to the sale of 69 Applebee’s units. Adjusted EBITDA decreased to $57 million, with GAAP EPS dropping to $0.72 from $1.14 year-over-year. However, the company returned over $151 million to shareholders and retired $40 million in long-term debt. Fiscal 2023 guidance includes expected adjusted EBITDA of $243 to $255 million and a planned dividend of $0.51 per share.

Fuzzy’s Taco Shop has introduced the Margarita Shrimp Taco to its menu, available from March 1 to April 9, 2023. The taco features fried or grilled shrimp, Tajin garlic sauce, and special toppings on a flour tortilla. This limited-time offering aims to provide a seafood option for customers observing Lent. Laura Purser, VP of Marketing, highlighted the taco's fresh flavors and margarita-inspired elements. The new taco is available for dine-in, takeout, and delivery across participating locations.

Fuzzy’s Taco Shop currently operates 137 locations across 18 states.

Dine Brands Global, Inc. (NYSE: DIN) has declared a quarterly cash dividend of $0.51 per share, payable on March 31, 2023, to stockholders of record by March 20, 2023. This announcement reinforces the company's commitment to returning value to its investors. As of the end of 2021, Dine Brands operated over 3,400 restaurants under major brands like Applebee's and IHOP in 16 countries, positioning itself as a leading player in the full-service restaurant industry.

Applebee’s announces a limited-time offer allowing customers to add a dozen Double Crunch Shrimp for just $1 with any steak entrée. This promotion is available for dine-in, takeout, and delivery, providing a cost-effective way to enjoy a hearty meal. The shrimp, crispy and served with cocktail sauce, can be paired with various steak options including the 8-ounce USDA Select top sirloin. Chief Marketing Officer Joel Yashinsky emphasizes the appeal of this fan-favorite deal, urging customers to visit their local Applebee’s or order online. The promotion is available at participating locations and is subject to restrictions.

Dine Brands Global, Inc. (NYSE: DIN) is set to announce its fourth quarter and fiscal 2022 financial results on March 1, 2023, before market opening. A conference call will follow at 9:00 a.m. Eastern Time, discussing these results and the company's business outlook. Dine Brands operates well-known brands such as Applebee's and IHOP, with over 3,400 restaurants worldwide as of December 31, 2021. Investors can access the conference call via a live webcast or phone registration. The company emphasizes transparency and aims to provide insight into its performance amid economic uncertainties.