Two major U.S. chain restaurants could combine and share dining spaces [CBS News]
Dine Brands Global, Inc. (DIN)
Last dine brands global, inc. earnings: 4/29 08:00 am
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Source: CBS News
locations that share a back-of-house and a blended front-of-house, according to an earnings call from the company last week. Dine Brands CEO John Peyton said they've already tested out the model on eight "prototypes" internationally, including the newest Applebee's-IHOP restaurant in Leon, Mexico. The company hopes to open in the dual-branded restaurants in the U.S. when they find "the right opportunity to introduce it," Peyton said on the call. In an interview with Nation's Restaurant News, Peyton said the hybrid restaurants will have "discrete entrances" that allow guests to flow between Applebee's and IHOP. "At breakfast, when there are more IHOP customers, customers can be seated in the Applebee's area and vice versa at dinner," he said. On the earnings call, he said the dual-branded restaurants are making twice as much money as the traditional, standalone Applebee's and IHOP locations."Which you would expect," he told NRN. "They continue to perform well in their markets b
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- Dine Brands Global, Inc. (NYSE: DIN) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Flynn Group Expands Portfolio Through Acquisition of Applebee's Restaurants; Signs Agreement with Applebee's to Open 25 New Restaurants [Yahoo! Finance]Yahoo! Finance
DIN
Earnings
- 2/28/24 - Beat
DIN
Sec Filings
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- DIN's page on the SEC website