Dine Brands Global, Inc. (NYSE: DIN ) Q4 2024 Results Conference Call
On March 5, 2025, at 9:00 AM ET, Dine Brands Global, Inc. (Dine Brands) held its Fourth Quarter and Fiscal 2024 Earnings Conference Call. The call was led by Matt Lee, Senior Vice President, Finance and Investor Relations, with key executives John Peyton, Chief Executive Officer, Vance Chang, Chief Financial Officer, and Lawrence Kim, President, IHOP, in attendance. Participating analysts included Eric Gonzalez from KeyBanc, Dennis Geiger from UBS, Pratik Patel from Barclays, Nick Setyan from Wedbush, Brian Vaccaro from Raymond James, Jake Bartlett from Truist Securities, and Todd Brooks from The Benchmark Company, with Brian Mullan from Piper Sandler joining later.
Company Performance
Dine Brands reported a strong finish to the fiscal year, with key performance indicators demonstrating continued growth. The company’s system-wide same-store sales grew by 4.5% in Q4, driven primarily by a 3.8% increase in IHOP and a 5.2% increase in Applebee’s. Total revenue for the quarter came in at $338.9 million, up from $327.1 million in the same period last year. Net income for the quarter was $15.9 million, compared to a net loss of $2.2 million in Q4 2023.
Strategic Initiatives
During the call, executives discussed several strategic initiatives that are contributing to the company’s growth. These include the continued rollout of the IHOP “Beyond Breakfast” menu, which is expanding the brand’s appeal beyond traditional breakfast hours. Applebee’s is also focusing on its “Neighborhood Grill + Bar” concept, which is designed to offer a more casual, affordable dining experience. The company has also announced plans to expand internationally, with a focus on markets in the Middle East and Asia.
Analyst Questions and Answers
The call included a Q&A session with analysts, during which several topics were discussed:
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KeyBanc’s Eric Gonzalez: asked about the company’s plans for digital ordering and delivery, to which John Peyton responded that the company is investing in technology to improve the guest experience and increase convenience.
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UBS’s Dennis Geiger: inquired about the potential impact of labor costs on the company’s profitability, with Vance Chang explaining that the company is focusing on labor productivity and efficiency to mitigate these costs.
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Barclays’ Pratik Patel: asked about the company’s growth prospects in the face of increasing competition, with Lawrence Kim emphasizing the strength of the Dine Brands brands and the company’s focus on innovation and guest experience.
Impact on Consumers
The strong performance of Dine Brands is likely to have a positive impact on consumers, as the company continues to invest in menu innovation, technology, and international expansion. The rollout of the IHOP “Beyond Breakfast” menu and Applebee’s “Neighborhood Grill + Bar” concept are expected to offer more choices and convenience for customers. Additionally, the company’s focus on digital ordering and delivery will make it easier for consumers to access their favorite meals when and where they want them.
Impact on the World
On a larger scale, Dine Brands’ strong performance and strategic initiatives are indicative of a broader trend towards innovation and convenience in the restaurant industry. As consumers increasingly demand more options and greater flexibility, companies that are able to adapt and meet these needs are likely to thrive. Additionally, the company’s international expansion plans could help to increase the global reach and influence of American food culture.
Conclusion
In conclusion, Dine Brands Global, Inc.’s strong Q4 2024 performance and strategic initiatives are a positive sign for the company and the restaurant industry as a whole. The company’s focus on menu innovation, technology, and international expansion is expected to offer more choices and convenience for consumers, while also helping to increase the global reach and influence of American food culture. As the industry continues to evolve, companies that are able to adapt and meet the changing needs and preferences of consumers are likely to succeed.
Thank you for joining us for this recap of Dine Brands Global, Inc.’s Q4 2024 Earnings Conference Call. We hope you found this analysis informative and insightful. Stay tuned for more updates and analysis on the restaurant industry and other topics.
