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, Inc. (NYSE: DIN) reported strong Q2 2022 results, with Applebee’s and IHOP achieving positive comparable restaurant sales. Applebee’s saw a 1.8% increase, while IHOP's sales rose by 3.6%. Total revenues reached $237.8 million, up from $233.6 million in Q2 2021. The company repurchased 912,992 shares, returning $61 million to shareholders. However, adjusted EBITDA fell to $66.1 million from $71.7 million year-over-year, primarily due to increased general and administrative expenses and inflation impacts. Dine Brands reaffirmed its 2022 financial performance guidance.
Applebee's has partnered with Winky Lux to launch Saucy Gloss, a limited-edition collection of lip glosses inspired by their famous wing sauces, coinciding with National Wing Day and National Lipstick Day. This collaboration features four flavors, each priced at $18, or a 4-piece combo for $65. Additionally, Applebee's has released a summer music video, 'Taste My Face', directed by Hannah Lux Davis, to promote the collection, encouraging singles to connect via social media during date nights.
Dine Brands Global, Inc. (NYSE: DIN) has appointed Brett Levy as Vice President of Investor Relations and Treasury, effective July 25, 2022. Levy, with over 25 years of experience on Wall Street, previously served as a restaurant industry analyst for major financial institutions and has hedge fund investing experience. His role includes developing investor relations strategies and nurturing relationships with stakeholders. CFO Vance Chang expressed enthusiasm for Levy's deep industry knowledge, anticipating that it will enhance long-term shareholder value.
Dine Brands International announces plans to open five IHOP® restaurants in Western Saudi Arabia over the next five years, starting with a location in Jeddah in early 2023. This expansion, partnering with franchisee Ahmed Marashde, marks a continued commitment to growth in the Middle East, following recent successes in Cairo, Egypt. The new locations will provide a diverse menu for breakfast, lunch, and dinner, targeting a significant population in a young, booming economy.
Applebee’s restaurants nationwide are celebrating the 18th consecutive year of fundraising for pediatric cancer research through a partnership with Alex’s Lemonade Stand Foundation. From now until August 21, 2022, Applebee’s will donate 25 cents from every lemonade sold on National Lemonade Day (August 20). Since 2005, the initiative has raised over $13.2 million for ALSF. Guests can also support the cause by purchasing digital lemons or making online donations. Applebee’s aims to bolster support for pediatric cancer research amid ongoing funding challenges.
Applebee’s has announced the return of its popular Surf ‘n’ Turf promotion, allowing customers to enjoy any steak entrée and add a Dozen Double Crunch Shrimp for just $1 more. This limited-time offer is available for Dine-In, To Go, and Delivery. The press release also introduces two new Mucho Cocktails for $6, named Strawberry Summer Squeeze and Electric Lemon Crush, crafted with premium spirits. Customers can visit Applebee's locations or order online through their website or mobile app.
Dine Brands Global, Inc. (NYSE: DIN) will release its financial results for Q2 2022 on August 9, 2022, before the market opens. A conference call to discuss the results and business outlook is scheduled for the same day at 9:00 a.m. ET. Interested participants can access the call via the company’s website or by phone through a provided registration link. Dine Brands operates over 3,400 restaurants globally under the Applebee's and IHOP brands, making it a significant player in the full-service restaurant sector.
Dine Brands Global has secured a long-term lease at 10 West, marking its relocation to Old Pasadena. This significant move sees the company occupying 92,000 square feet in a new Class A office building, part of Pasadena's first office development in three decades. The headquarters shift from Glendale is expected to bolster Dine Brands' operations, supported by new amenities and accessibility. The development is a pivotal milestone for both Dine Brands and the Pasadena area, promising growth opportunities in a prime location.
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Applebee’s has launched a new late-night promotion featuring half-off appetizers during select hours, enhancing its late-night offerings. This deal applies to popular items like Boneless Wings, Mozzarella Sticks, and the new Brew Pub Loaded Waffle Fries. Designed to attract customers and provide value, the promotion aims to create a fun dining experience while being wallet-friendly. The initiative reflects Applebee's commitment to customer satisfaction and aims to boost evening traffic to its 1,676 locations.