Dine Brands Global Inc
NYSE:DIN
Dine Brands Global Inc
Dine Brands Global, Inc. owns and franchises casual and family dining restaurants. The company is headquartered in Glendale, California and currently employs 3,521 full-time employees. The firm also owns and franchises the International House of Pancakes (IHOP) concept in the family dining category of the restaurant industry. Its segments include franchise operations, company-operated restaurant operations, rental operations, and financing operations. The franchise operations segment consisted of approximately 1,611 restaurants operated by Applebee’s franchisees in the United States, and 1,751 restaurants operated by IHOP franchisees and area licensees in the United States. Its company-operated restaurant operations segment consists of approximately 69 Applebee's restaurants. Its Rental operations segments consists of lease or sublease agreements covering 598 IHOP franchised restaurants and two Applebee’s franchised restaurants.
Dine Brands Global, Inc. owns and franchises casual and family dining restaurants. The company is headquartered in Glendale, California and currently employs 3,521 full-time employees. The firm also owns and franchises the International House of Pancakes (IHOP) concept in the family dining category of the restaurant industry. Its segments include franchise operations, company-operated restaurant operations, rental operations, and financing operations. The franchise operations segment consisted of approximately 1,611 restaurants operated by Applebee’s franchisees in the United States, and 1,751 restaurants operated by IHOP franchisees and area licensees in the United States. Its company-operated restaurant operations segment consists of approximately 69 Applebee's restaurants. Its Rental operations segments consists of lease or sublease agreements covering 598 IHOP franchised restaurants and two Applebee’s franchised restaurants.
Revenue Growth: Dine Brands' consolidated revenue increased 10.8% to $216.2 million in Q3, primarily driven by higher company restaurant sales.
Applebee's Strength: Applebee's reported positive same-restaurant sales growth of 3.1% for the second consecutive quarter, with strong off-premise momentum and successful new menu launches.
IHOP Traffic Win: IHOP achieved its first quarter of positive traffic in years and outperformed industry benchmarks, though same-restaurant sales were down 1.5%.
Dual Brand Strategy: The dual-branded Applebee's/IHOP concept is exceeding expectations, with post-conversion sales 1.5x to 2.5x higher and strong franchisee profitability; Dine targets 30 locations open or under construction by year-end and at least 50 in 2026.
Shareholder Returns: The company cut its quarterly dividend from $0.51 to $0.19 per share to fund more aggressive share repurchases, committing to buy back at least $50 million in shares over the next two quarters.
Guidance Maintained: Full-year financial guidance was maintained, though EBITDA is expected at the low end due to company restaurant investments and remodels.
Remodel Success: Applebee's remodels are delivering double-digit sales lifts at company-owned sites, with a goal of remodeling two-thirds of the portfolio by end of 2027.
Cost Pressures: Commodity costs at Applebee's are now expected to be roughly flat for the year, while IHOP faces mid-single-digit increases driven by eggs, pork, and coffee.
