The Latest Breaking News from Dine Brands Global Inc

The restaurant industry is poised to witness significant growth in the upcoming years, thanks to digitization, changing lifestyles, and growing demand for innovation and customization in food offerings. Moreover, the holiday season is expected to drive restaurant sales. Hence, fundamentally sound restaurant stocks Bloomin' Brands (BLMN), Dine Brands Global (DIN),…

Dine Brands Global Inc (NYSE:DIN) reported first-quarter FY22 sales growth of 12.8% year-on-year to $230.42 million, marginally beating the consensus of $230.08 million. Domestic same-restaurant sales for Applebee's rose 14.3% and IHOP's increased 18.1% versus last year. Gross profit grew 9% Y/Y to $92.8 million. Adjusted EBITDA rose 12.2% Y/Y to $65.2 million.…

Inflation reached its 40-year high last month, raising food prices at the fastest pace in decades. The restaurant industry is handling rising food costs strategically. We think the fundamentally strong restaurant stocks Dine Brands (DIN), Bloomin’ Brands (BLMN), and Chuy’s Holdings (CHUY) could be good investments in this situation.

Just Kitchen Holdings Corp (OTC:JKHCF) has signed an agreement with Dine Brands Global Inc (NYSE:DIN) to sell IHOP's food items from multiple ghost kitchen locations. Through its seven ghost kitchen locations in Taiwan, Just Kitchen will provide IHOP's Pancakes, Breakfast Combos, Omelettes, Burritos, Bowls, and more. The seven locations are selected by the company's Data…