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Dine Brands Global, Inc. Reports Strong Fourth Quarter and Fiscal 2018 Results

Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill + Bar® and IHOP® restaurants, today announced financial results for the fourth quarter and fiscal 2018.

“Dine Brand’s strong performance in the fourth quarter and throughout 2018 is the result of a clear strategic vision and unwavering commitment to sustainable growth. Both Applebee’s and IHOP have outperformed their respective categories by delivering on comprehensive efforts to drive their businesses and delight guests. The momentum we are seeing is bolstered by meaningful improvements in the in-restaurant experience, ongoing investment in guest-facing technologies, breakthrough marketing and further extending our off-premise platforms for both brands. I am very proud of the Dine teams, our franchisees and ...

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Feb 21 12:25 PM, General News



Applebee's Purchases 69 Restaurants In Franchise Transaction

Today, Applebee's Grill and Bar announced the closing of the transaction purchasing 69 restaurants in North and South Carolina. The restaurants will be operated under industry veteran and Applebee's chief operating officer, Kevin Carroll.

"Through the third quarter of 2018, Applebee's business performance has been the best it's been in more than a decade as we continue to lead the casual dining category," says John Cywinski, Applebee's brand president. "I'm pleased with this transaction and confident in our plans to evolve and selectively refine our restaurant portfolio. We are consistently reviewing our portfolio and making strategic decisions to better position our brand for the future."

Applebee's same-restaurant sales increased 7.7 percent in the third quarter, a majority of which was driven by traffic, resulting in a third quarter year-to-date comp sales increase of... 

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Dec 17 9:28 AM, General News


Applebee's Neighborhood Grill & Bar Purchases 69 Restaurants In Franchise Transaction

Company announces successful transaction of 69 restaurants in North and South Carolina; Comes to resolution with RMH franchise group following court decision

Yesterday, Applebee's Grill and Bar announced the closing of the transaction purchasing 69 restaurants in North and South Carolina. The restaurants will be operated under industry veteran and Applebee's chief operating officer, Kevin Carroll.

"Through the third quarter of 2018, Applebee's business performance has been the best it's been in more than a decade as we continue to lead the casual dining category," says John Cywinski, Applebee's brand president. "I'm pleased with this transaction and confident in our plans to evolve and selectively refine our restaurant portfolio. We are consistently reviewing our portfolio and making strategic decisions to better position our brand ...

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Dec 14 12:25 PM, General News


FCPT Announces Acquisition of Six Restaurant Properties from Brookfield Properties for $7.5 Million

Four Corners Property Trust (NYSE:FCPT) announced the acquisition of six restaurant properties for $7.5 million from Brookfield Properties. The transaction spans five brands, including Texas Roadhouse (2), Applebee's, Olive Garden, Panera Bread and Sonic.

The properties are outparcels to four Brookfield owned malls located in CA (3 outparcels at the same mall), AZ, IL, and MI and are a mix of corporate-operated (3) and franchisee-operated (3) locations. The sites are...

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Nov 21 11:44 AM, General News




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