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Dine Brands CFO Vance Yuwen Chang said during the earnings call that the restaurant chain had net domestic closings of 33 restaurants in 2023. In contrast, IHOP opened 46 restaurants domestically ...
With people working from home —and eating at home — IHOP said in-store sales are down. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290 ...
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 company’s 10-K.
In 2007, IHOP Corp announced it would be acquiring Applebee's International for approximately $2.1 billion. [3] Following the closing, IHOP Corporation was renamed to DineEquity Inc.; and subsequently announced it would franchise most of Applebee's 500 company-owned locations, and undertake a plan to revitalize the chain's brand and concept. [4]
Wimpy Grills – founded in Bloomington, Indiana, in 1934; eventually grew to 25 locations within the United States and 1,500 outside of the U.S.; its international locations were eventually sold to J. Lyons and Co. in the United Kingdom, which remains open while all of the American locations eventually closed by 1978 [14] [15] [16] [17]
By the end of 2018, IHOP restaurants operated in six Middle Eastern countries: Kuwait, Qatar, Bahrain, the United Arab Emirates, Saudi Arabia and Lebanon. [17] In 2016, IHOP expanded into Central America, opening in Panama, [18] and later in 2019 into South America, opening three locations in Ecuador [19] and one location in Peru. [20]
Among Dine Brands’ other restaurants is IHOP. Dine Brands expects 25 to 35 net fewer domestic Applebee’s restaurants, but also 15 to 25 net new domestic IHOP restaurants this year.
Meanwhile, IHOP is still serving pancakes and other breakfast fare. In an email, IHOP's media relations department said the restaurant is not closing. What we know about IHOP's lease agreement at ...