Dine Brands Global Inc Stock Price, News & Analysis

IHOP has appointed Jacob Barden as Vice President of Development and Michael Kaufman as Vice President of Strategy and Business Analytics, effective August 2021. Barden brings over 15 years of experience in the hospitality sector, focusing on franchise and revenue growth, while Kaufman has nine years at L.E.K. Consulting. Their hiring completes IHOP's new executive leadership team, which aims to drive growth through comprehensive development strategies and enhanced analytics to optimize performance.

Dine Brands Global has appointed Martha C. Poulter as an independent member of its Board of Directors. Poulter, 54, is currently Senior Vice President and Chief Information Officer at Royal Caribbean Group. Previously, she was Executive Vice President and CIO at Starwood Hotels and Resorts, leading their technology strategy. With 32 years of experience in IT and consumer-focused industries, her appointment reflects Dine's commitment to a technology-driven future.

Applebee’s celebrates its 17th year partnering with Alex’s Lemonade Stand Foundation to raise funds for childhood cancer research and support programs. Running through September 19, guests can donate in restaurants or online, with a goal of raising $1.5 million. The #CrushALemonChallenge encourages participants to creatively crush a lemon while promoting awareness. In addition, National Lemonade Day on August 20 will see 25 cents from each lemonade sold benefiting the Foundation. Applebee’s has raised over $11.5 million since the partnership began.

Dine Brands International is set to expand its IHOP restaurants in Ontario, Canada, with a minimum of five new locations over the next five years. The first IHOP will open in Belleville in February 2022, primarily located at a truck stop. Construction starts in August 2021. This expansion is facilitated through an agreement with K2 Group, led by Kailash Kasal. Dine Brands aims to recover pre-pandemic growth, emphasizing job creation and a safe dining experience for customers. The company continues its strategy for growth across various international markets.

IHOP® has launched a new libations menu, ‘Bubbles, Wine & Brews,’ at select locations, featuring locally sourced beers and wines. Currently available in three IHOP restaurants in San Diego and New Mexico, the rollout will expand to additional states including New York and Maryland. The menu includes popular drink options like mimosas and Barefoot wines, catering to consumer demand for alcoholic beverages during dining. This initiative reflects IHOP's commitment to adapt to evolving customer preferences beyond breakfast offerings.

Dine Brands Global, Inc. (DIN) reported strong financial results for Q2 2021, with Applebee’s and IHOP showing significant recovery post-pandemic. Applebee’s comparable sales increased 102.2% year-over-year, while IHOP's rose by 120.1%. The company achieved GAAP earnings per diluted share of $1.69, a turnaround from a loss of $8.33 in Q2 2020. Cash flow from operations surged to $106 million, reflecting improved gross profit. However, challenges from labor shortages and COVID-19 variants remain as potential risks for future performance.

Applebee’s is partnering with Disney to offer FREE movie tickets for Disney’s Jungle Cruise from now until August 15. Guests can receive a cinema ticket valued up to $15 for every $25 spent in a single transaction at Applebee’s, applicable for dine-in, delivery, or To Go orders. This promotion allows customers to earn up to four movie tickets, encouraging family gatherings this summer. Joel Yashinsky, Applebee’s CMO, emphasizes the aim to revive the family dining experience.

Applebee's introduces its new $7 Mana Margaritas, featuring Dwayne “The Rock” Johnson’s Teremana ultra-premium tequila. This summer-inspired offering includes options like the Blue Aloha Margarita and Strawberry Coconut Margarita, both made with Teremana Blanco Tequila. The drinks are part of Applebee's Mucho cocktails and served in signature Mucho glasses. The initiative aims to enhance the dining experience as customers return to restaurants. Applebee's operates over 1,700 locations under Dine Brands Global. Must be 21+; availability varies.