PASADENA, Calif.--(BUSINESS WIRE)--Sip your way into the St. Patrick’s Day spirit at Applebee’s with the return of its festive and refreshing Saintly Sips™! Now for a limited time, guests can celebrate and raise a glass of the $5 Tipsy Leprechaun and the NEW $7 Pot O’ Gold Daq-A-Rita made with premium spirits. A bright green clover cocktail, the Tipsy Leprechaun is a top shelf tea made with Jameson Irish Whiskey, melon liqueur, blue curaçao, premium lemon sour, lemon-lime soda, and a gold sugar rim. Or s ...

PASADENA, Calif.--(BUSINESS WIRE)--Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill & Bar®, IHOP® and Fuzzy’s Taco Shop® restaurants, will announce its fourth quarter 2023 financial results on February 28, 2024, before the stock market opens. In conjunction with this announcement, Dine Brands will also host a conference call at 9:00 a.m. (Eastern Time) that morning to discuss the Company’s financial results and business outlook. A live webcast of the call will be a ...

IRVING, Texas--(BUSINESS WIRE)--Fuzzy’s Taco Shop has been recognized as one of the top 500 franchises in Entrepreneur’s Franchise 500®, the world’s first and most comprehensive franchise ranking. For 45 years, the annual Entrepreneur Franchise 500® has been a highly sought-after honor in the franchise industry and recognized as an invaluable resource for potential franchisees. The 2024 Franchise 500® ranks Fuzzy’s Taco Shop as #434 for its outstanding performance in areas including unit growth, financia ...

PASADENA, Calif.--(BUSINESS WIRE)--Today, IHOP® announced the launch of Stacking Up Joy, a nationwide platform designed to bring people together in the communities its restaurants serve. Giving back to others on a national and local scale is part of IHOP's 65-year-old heritage, from supporting people experiencing food insecurity to the many individual franchise efforts in supporting smiles. IHOP’s Stacking Up Joy is a brand-wide effort sustained at every level of the business. To kick-off the Stacking Up ...

PASADENA, Calif.--(BUSINESS WIRE)--IHOP continues its breakfast innovation journey with the launch of its Pancake of the Month program. Pancake of the Month is a new way for guests to enjoy the world-famous IHOP pancakes they know and love in unique, craveable flavor combinations for a limited time each month. Starting on Thursday, February 1 – and on the first of every following month – a new flavor will be available as a full stack, side, or as part of a pancake combo for the calendar month. “IHOP is t ...

Brett Levy - Vice President of Investor Relations & Treasury Tony Moralejo - President of Applebee's Jake Bartlett - Truist Securities Brian Vaccaro - Raymond James Operator Good morning, and welcome to Dine Brands Global's third quarter 2023 conference Call. I'm Brett Levy, DineÂ's Vice President of Investor Relations and Treasury. This morning's call will include prepared remarks from John Peyton, CEO; and Vance Chang, CFO. Following those prepared remarks, Tony Moralejo, President of Applebee's; and Jay ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-15283 Dine Brands Global, Inc. (Exact name of registrant as specified in its charter) Delaware 95-3038279 ...

Todd Brooks – The Benchmark Company Brian Mullan – Piper Sandler Please evaluate the forward-looking information in the context of these factors, which are detailed in today's press release and 10-Q filing. The forward-looking statements are as of today and no obligation to update or supplement these statements. We will also refer to certain non-GAAP financial measures, which are described in our press release and also available on Dine Brand's Investor Relations website. For calendar planning purposes, we ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) Delaware 95-3038279 (State or other jurisdiction of incorporation or Pasadena CA organization) (I.R.S. Employer Ident ...

Financial Data and Key Metrics - Consolidated total revenues increased by 11% in Q1 2023 to $211 million, driven by strong franchise revenues which grew by 12% to $180 million [5] - Rental segment revenues improved by 11% to $32 million in Q1 2023 compared to $29 million in the same quarter of 2022 [5] - Adjusted EBITDA for Q1 2023 increased to $66.4 million from $65.2 million in Q1 2022 [133] - Adjusted diluted EPS for Q1 2023 was $1.97 compared to $1.54 in Q1 2022 [30] - Cash provided from operations for Q1 2023 was $16 million compared to cash used in operations of nearly $8 million in Q1 2022 [66] Business Line Data and Key Metrics - Applebee's average weekly sales per restaurant were approximately $56,800 in Q1 2023, with off-premise sales accounting for 23% of total sales [129] - IHOP's average weekly sales per restaurant were approximately $38,200 in Q1 2023, with off-premise sales accounting for 22% of total sales [129] - The rental segment margin increased due to lease buyouts and operating lease renewals, while company restaurant operations sales decreased by 97% to $1 million in Q1 2023 [2] - IHOP added 19 new restaurants globally in Q1 2023, with development numbers higher than usual due to rollovers from 2022 [8] Market Data and Key Metrics - The company opened 21 gross new restaurants globally in Q1 2023, demonstrating franchisees' belief in the brands [107] - International operations remain a growth engine, with 217 IHOP and Applebee's restaurants and 56 ghost kitchen locations in 16 countries and two U.S. territories at the end of Q1 2023 [114] - The first dual-brand Applebee's and IHOP location in the Middle East opened in Dubai, achieving record sales of $135,000 in its first week [1] Company Strategy and Industry Competition - The company is focused on providing superior guest experiences through menu and technology innovation, attracting new and returning guests through marketing and loyalty strategies, and expanding the global footprint of its brands [79] - Applebee's launched a financial development initiative to drive openings in 2024 and beyond, while IHOP introduced financial incentives to accelerate development [108][8] - The company is leveraging its asset-light model to invest in long-term growth, with a focus on maintaining a strong balance sheet and returning capital to shareholders [23][97] Management Commentary on Operating Environment and Future Outlook - Management expects commodity costs to moderate in the second half of 2023, with easing in coffee, eggs, and poultry prices, although wheat and beef remain elevated [3][115] - The company is closely monitoring guest behavior, commodity prices, and labor costs, with franchisees seeing revenue rise at a rate that offsets labor cost increases for the first time since 2019 [91][52] - Management reiterated full-year guidance, expressing confidence in the company's ability to deliver on its 2023 financial goals despite macroeconomic uncertainty [136] Other Important Information - The company completed a $500 million refinancing of senior secured notes, reducing debt by approximately $200 million [113] - IHOP's loyalty program has 5.5 million members, representing roughly 5% of sales, with app downloads increasing 3x following the program's launch [131] - Fuzzy's Taco Shop's loyalty program has over 500,000 active members, with loyalty guests visiting more often and spending more than non-loyalty guests [9] Summary of Q&A Session Question: Consumer health and value offerings - The majority of guests at both Applebee's and IHOP have household incomes below $100,000, with about half at the $50,000 level, a trend that has remained stable over time [17] - Applebee's has seen growth in the $100,000-plus income segment since 2019, while IHOP's value platforms have remained consistent [17] Question: Pricing strategy and inflation impact - Applebee's franchisees took a 5.6% price increase in Q1 2023 to protect margins, lower than direct peers, while IHOP franchisees took a 4% price increase [100][41] - The company expects inflation to continue moderating, with franchisees likely to be strategic in pricing decisions to minimize traffic impact [26] Question: Refinancing and balance sheet management - The company refinanced $585 million of debt, issuing $500 million in new notes, with the gap covered by cash on the balance sheet [25] - The revolver availability remains at $220 million, with $100 million drawn, and the company used cash to reduce debt and buy back bonds [84] Question: Development and investment strategy - The company is focused on ROI-driven investments, with flexibility to adjust G&A and CapEx if needed, and is not influenced by peers' investment decisions [43][28] - IHOP's development plans are progressing, with 19 new restaurants added globally in Q1 2023, and financial incentives introduced to accelerate future development [8] Question: Trade-down dynamics and industry trends - Applebee's has seen an increase in higher-income guests, while IHOP has not seen significant changes in guest demographics [59][63] - The company is monitoring industry trends and is prepared to adjust marketing and promotions if a significant slowdown occurs [104]