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 (DIN), parent company of IHOP and Applebee's, maintains this dedicated news hub for investors and industry observers. Access official press releases and curated updates about this leading restaurant franchisor's strategic initiatives, financial performance, and brand developments.
This resource provides timely updates on franchise expansion, menu innovation, and operational milestones across DIN's portfolio. Track quarterly earnings disclosures, leadership announcements, and partnership developments that shape the company's position in casual dining. Regular updates cover both IHOP's family-focused offerings and Applebee's neighborhood grill concepts.
Key content categories include financial results, franchisee network updates, brand revitalization efforts, and corporate responsibility initiatives. The curated format ensures efficient tracking of DIN's progress in maintaining its 99%-franchised business model while adapting to market trends.
Bookmark this page for streamlined access to DIN's latest developments. Combine these updates with SEC filings and market analysis for comprehensive investment research into this franchising-focused restaurant operator.
NRD Capital Management announced that Fuzzy’s Taco Shop has signed a definitive agreement to be acquired by Dine Brands Global for $80 million. Fuzzy's has been a growth success since NRD took a majority stake in 2016, doubling unit count and improving franchise economics. NRD’s Managing Partner emphasized the value created for all stakeholders through the partnership. The acquisition is expected to enhance Fuzzy's growth trajectory as it aligns with Dine’s expansive dining portfolio, which includes prominent brands like Applebee’s and IHOP.
Dine Brands Global, Inc. (NYSE: DIN) has agreed to acquire Fuzzy’s Taco Shop for $80 million in cash, enhancing its fast-casual brand offerings in the growing Mexican food sector. This acquisition is expected to be immediately accretive to earnings, with a net purchase price of $70 million after tax benefits. Fuzzy’s, known for its Baja-style tacos, operates 138 restaurants across 18 states and has long-term plans to nearly double its locations. The brand projects $230 million in systemwide sales for 2022, indicating strong growth potential.
Dine Brands Global, Inc. (NYSE: DIN) has declared a quarterly cash dividend of $0.51 per share of common stock. This dividend payment is set for January 6, 2023, to stockholders on record by the close of business on December 20, 2022. As a leading full-service restaurant company, Dine Brands operates over 3,400 locations across 16 countries, including its popular brands, Applebee's and IHOP.
Applebee’s is introducing three new Sizzlin’ Skillets: Chicken & Shrimp Scampi, Cheddar Bacon & Chicken, and Garlic Parmesan Sirloin, starting at
Applebee's has launched its NEW festive $6 Mucho Cocktails, including the Tipsy Reindeer and Berry Merry Colada. These cocktails are designed to celebrate the holiday season, with the Tipsy Reindeer featuring Smirnoff Vodka and the Berry Merry Colada combining Captain Morgan with strawberry and melon liqueurs. Guests can enjoy these drinks in restaurant or To Go. According to Patrick Kirk, vice president of beverage innovation, these cocktails are ideal for holiday gatherings. As of September 30, 2022, Applebee's operates 1,670 restaurants in the U.S. and internationally.
Applebee’s will honor Veterans and Active Duty Military on November 11 by offering a complimentary full-size entrée at over 1,500 locations in the U.S.. This marks the 15th consecutive year of this initiative, with a total of 10.8 million free meals served since 2008. Guests can choose from seven popular entrées, including Top Sirloin and Classic Bacon Cheeseburger. Additionally, each veteran will receive a $5 Bounce Back Card for future dining. This gesture reinforces Applebee's commitment to supporting service members.
Dine Brands Global, Inc. (NYSE: DIN) reported robust financial results for Q3 2022, showcasing continued strength from Applebee's and IHOP. Applebee's comparable restaurant sales rose 3.8%, while IHOP's increased 1.9%. Total revenues reached $233.2 million, up from $228.7 million YoY, driven by positive comparable sales. Consolidated adjusted EBITDA stood at $63.6 million. However, G&A expenses rose to $46.3 million due to strategic investments. The company announced a quarterly dividend of $0.51 per share and repurchased 140,997 shares, reflecting its commitment to shareholder value.
Applebee's appoints Chef Scott Rodriguez as Senior Vice President and Chief Culinary Officer, enhancing its culinary leadership and innovation. Chef Rodriguez, with over 20 years in casual dining, previously worked with brands like Papa John's and BJ's Restaurants. He emphasizes guest focus and operational excellence, planning to engage with teams and guests during his initial months. His role will also include participation in Operations and Marketing Committees to align future culinary innovations. Applebee's operates 1,673 restaurants across the U.S. and internationally through Dine Brands Global (NYSE: DIN).
Applebee's is rolling out a special promotion for Halloween on
IHOP® awarded Maaza Henry as Franchisee of the Year for 2021 during its 2022 Global Franchisee Conference. With 24 years at IHOP, Henry operates two restaurants in North Carolina and is recognized for her leadership and dedication to guest service, achieving excellent Guest Relations results. IHOP's president, Jay Johns, praised her as a role model for franchisees. Beyond her business success, Henry is acknowledged for her community involvement, providing meals to local organizations. As of March 31, 2022, there are 1,751 IHOP restaurants worldwide, under Dine Brands Global, Inc. (NYSE: DIN).
FAQ
What is the current stock price of Dine Brands Global (DIN)?
What is the market cap of Dine Brands Global (DIN)?
