Dec 02, 2021 / 05:00PM GMT
Jeffrey Andrew Bernstein - Barclays Bank PLC, Research Division - Director & Senior Equity Research Analyst
Good afternoon. Just struck noon here on the East Coast. Thank you for joining us. My name is Jeff Bernstein, and I'm the Restaurant & Foodservice Distribution analyst at Barclays.
I'm thrilled to introduce our next and final presenting company for the day, Dine Brands. With us this afternoon from Glendale, California. Having breakfast as we speak, we have John Peyton, CEO and Vance Chang, CFO.
By way of background, for those not familiar, Dine's portfolio is comprised of Applebee's with 1,700 global units and IHOP with 1,750 global units. And those are the leaders in terms of units within both the casual dining and family dining categories, respectively. And they are unique in their categories as the portfolio has a 98% franchise mix relative to sit-down peers in both casual dining and family dining who typically operate a primarily company-operated system. So a defensive aspect of the franchise model within a traditional sit-down casual dining and family dining category.
Dine Brands Global Inc at Barclays Eat, Sleep, Play Conference Transcript
Feb 10, 2024
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