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Applebee’s same-store sales fell nearly 6% in the third quarter, while IHOP’s slumped 2.1%. Newly released renderings show two distinct parts, with a traditional IHOP interior on one side and ...
After college [2] and before returning to IHOP in 2001, she was president of Applebee's domestic division. [ 3 ] Dine Brands Global was formed as "DineEquity" in 2007, when Stewart led IHOP to take over the larger Applebee's for US$1.9 billion and debt.
This will be the first dual-branded Applebee’s and IHOP in the U.S., but there are 10 locations in other countries, with plans to open 10 more international locations soon.
It has closed hundreds of Applebee's locations since 2017, including 46 in 2023. Peyton also noted on the earnings call that customers continued to pull back on their spending last year.
Applebee's Restaurants LLC. is an American company that develops, franchises, and operates the Applebee's Neighborhood Grill + Bar restaurant chain. The Applebee's concept focuses on casual dining , with mainstream American dishes such as salads, chicken, burgers, and " riblets " (Applebee's signature dish).
Dine Brands Global Inc. is a publicly traded food and beverage company based in Pasadena, California. Founded in 1958 as IHOP, it operates franchised and corporate owned full-service restaurants including three restaurant concepts, Applebee's Neighborhood Grill & Bar, International House of Pancakes (IHOP), and Fuzzy's Taco Shop.
Applebee’s is shrinking. While Dine Brands added a net 33 IHOP restaurants domestically in 2023, the company closed 46 Applebee’s locations and only opened 10 new ones, according to the ...
On July 16, 2007, IHOP Corporation announced a plan to acquire the bar-and-grill chain Applebee's in an all-cash transaction, valued at approximately US$2.1 billion. [10] In the arrangement, Applebee's stock holders would receive $25.50 a share. [10] IHOP stated it would franchise most of Applebee's 500 company-owned facilities.