DIN

Dine Brands Global, Inc. is a restaurant company franchising and operating restaurants under the Applebee's Grill + Bar and IHOP brands. Applebee's operates casual dining restaurants serving American fare including burgers, steaks, chicken, seafood, salads, and appetizers. IHOP specializes in breakfast foods including pancakes, waffles, omelets, and other all-day breakfast offerings. Dine Brands operates an asset-light franchised business model with most restaurants owned and operated by franchisees paying royalties and fees. The company also provides financing and support services to franchisees. Founded through various predecessors and headquartered in Glendale, California, Dine Brands manages two heritage American dining brands. The company faces significant challenges from changing consumer dining preferences, competition from fast casual and quick service restaurants, delivery and off-premise dining trends, franchisee financial health, and declining casual dining traffic. Both Applebee's and IHOP have experienced same-store sales pressures and unit count declines. Dine Brands benefits from franchise fee revenues, limited capital requirements, and brand recognition. The company continues to invest in menu innovation, technology, delivery partnerships, and franchisee support to revitalize brands and restore traffic growth.