Red Lobster Peers Square Off in Fight for Discount-Hungry Guests [BNN Bloomberg (Canada)]
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Dine Brands Global, Inc. (DIN)
Last dine brands global, inc. earnings: 4/29 08:00 am
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investors.dineequity.com/news-releases
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Source: BNN Bloomberg
Higher prices are the main threat to these casual-dining establishments, whose patrons tend to be middle-class Americans getting hit hard by rising costs. Those diners have shifted to more affordable options, whether cooking at home or picking up cheaper takeout meals. The dynamic has led to challenges at chains including Applebee's, Olive Garden, Outback Steakhouse and others in recent quarters. Although their financial conditions are much better than Red Lobster, which filed for Chapter 11 on Sunday, they face obstacles. TGI Fridays, for instance, recently sold a business and is seeking new financing to repay debt as it contends with weaker sales. “We're fighting for every guest,” Dine Brands Global Inc. Chief Executive Officer John Peyton said in an interview earlier this month. Dine, which owns Applebee's and IHOP, posted a 3.5% revenue drop in the first quarter, with sales down across both brands. A downturn that began in 2023 has gotten worse, he said, citing a “clear ret
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DIN
News
- The past five years for Dine Brands Global (NYSE:DIN) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
- Applebee's Debuts NEW Hand-Breaded Chicken Sandwiches [Yahoo! Finance]Yahoo! Finance
- Applebee's® Star-Spangled Sips Return for Summer Celebrations [Yahoo! Finance]Yahoo! Finance
- Applebee’s® Star-Spangled Sips Return for Summer CelebrationsBusiness Wire
- Applebee’s Debuts NEW Hand-Breaded Chicken SandwichesBusiness Wire
DIN
Earnings
- 5/8/24 - Miss
DIN
Sec Filings
- 5/21/24 - Form 4
- 5/17/24 - Form 4
- 5/16/24 - Form 8-K
- DIN's page on the SEC website