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0 -0.0545748551408167 -0.0552486187845305 -0.0579436733593857 -0.0588195660962136 -0.03274491308449 -0.0168440910928446 -0.0136100256030185
Stock impact report

Applebee’s And IHOP Are Adding New Technologies, Including Robotics, To Offset Labor Shortages [Forbes]

Dine Brands Global, Inc. (DIN) 
Last dine brands global, inc. earnings: 4/29 08:00 am Check Earnings Report
US:NYSE Investor Relations: investors.dineequity.com/news-releases
Company Research Source: Forbes
GLENDALE, CA - OCTOBER 22: General views of the IHOP, Dine Brands Global corporate headquarters,... [+]home of IHOP and Applebee's restaurants on October 22, 2020 in Glendale, California. (Photo by AaronP/Bauer-Griffin/GC Images)Dine Brands proved in Q1 that consumers’ pent-up demand for a casual dining experience outweighs their trepidation about inflation. On Wednesday, the parent company of Applebee’s and IHOP announced year-over-year same-store sales growth of 14.3% and 18.1%, respectively.Further, the company’s gross profits increased by 9% year-over-year despite significant inflationary headwinds, and it didn’t see a decline in traffic despite historically high costs hitting consumers everywhere, from rent to groceries to fuel.That said, those headwinds are expected to present a lingering challenge. Food costs, for instance, are expected to inflate up to 16% this year, which will be offset in part from menu pricing increases. In Q1, those increases averaged about 5% on the Apple Show less Read more
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