Applebee's to close up to 35 restaurants this year: What's happening in the Neighborhood? [Yahoo! Finance]
Dine Brands Global, Inc. (DIN)
Last dine brands global, inc. earnings: 4/29 08:00 am
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Source: Yahoo! Finance
Dine Brands Global, which owns fast-casual chains Applebee's and IHOP, will be closing multiple Applebee's locations across the U.S. this year. Applebee's president Tony Moralejo revealed the exact figure during a fourth-quarter earnings call on February 29. “We're expecting 25 to 35 net fewer domestic Applebee's restaurants,” Moralejo said during the call, before adding that up to 25 new IHOP restaurants are set to open this year. “With our new development strategy in place, we feel confident in our ability to continue to open up new restaurants and scale the footprint of our brands over time.” In 2017, Applebee's closed more than 100 restaurants across the country. Dine Brands CFO Vance Yuwen Chang said during the earnings call that the restaurant chain had net domestic closings of 33 restaurants in 2023. In contrast, IHOP opened 46 restaurants domestically last year, 17 of which opened during the brand's fourth quarter. “I'll add that these closures, these closures aren't a
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DIN
News
- Dine Brands Global, Inc. Announces Second Quarter 2024 Dividend [Yahoo! Finance]Yahoo! Finance
- Dine Brands Global, Inc. Announces Second Quarter 2024 DividendBusiness Wire
- Dine Brands Global, Inc. Just Missed Earnings - But Analysts Have Updated Their Models [Yahoo! Finance]Yahoo! Finance
- Dine Brands Global, Inc. (NYSE:DIN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Dine Brands Global, Inc. (NYSE: DIN) had its price target lowered by analysts at Barclays PLC from $57.00 to $54.00. They now have an "overweight" rating on the stock.MarketBeat
DIN
Earnings
- 5/8/24 - Miss
DIN
Sec Filings
- 5/17/24 - Form 4
- 5/16/24 - Form 8-K
- 5/15/24 - Form 144
- DIN's page on the SEC website