DIN May 2024 55.000 put
| Previous Close | 8.10 |
| Open | 8.10 |
| Bid | 7.50 |
| Ask | 12.00 |
| Strike | 55.00 |
| Expire Date | 2024-05-17 |
| Day's Range | 8.10 - 8.10 |
| Contract Range | N/A |
| Volume | |
| Open Interest | N/A |
- Yahoo Finance Video
Applebee's, IHOP see sales slump as consumer wallets tighten
Dine Brands' (DIN) latest quarter saw same-store sales fall year-over-year across its brands like Applebee's and IHOP, signaling a shift in consumer dining habits. Dine Brands CEO John Peyton joins Market Domination to discuss the company's earnings and the weight of inflation on American households. "It was a tough quarter for our brands as well as for the industry overall," Peyton tells Josh Lipton and Brooke DiPalma. Dine Brands saw a decline in the frequency of consumers who earn $50,000 or less annually, largely due to inflation driving more cost-conscious behaviors. When these consumers did come into Dine Brands' restaurants, it was often during promotions, which Peyton explains signals a "value-driven moment for the restaurant industry." Dine Brands is also rolling out new initiatives to automate certain functions and features of its restaurants. "We're not a technology company. We're a restaurant company that embraces technology, and our technology is all about helping our servers or our back-of-house staff be more efficient," Peyton says, highlighting a new point-of-sale system at IHOP that allows servers to spend more time with guests and also turn tables around faster. While the company is embracing these technology advancements, Peyton stresses that phasing out human workers is not an objective. "Our guests are not the highest earners in the country. And when they choose to spend $35, which is the average check at Applebee's, that's a big decision for them, and interacting with another person serving them is a big part of the experience," he explains. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
- GuruFocus.com
Dine Brands Global Inc (DIN) Q1 2024 Earnings Call Transcript Highlights: Navigating Economic ...
Despite a revenue dip, Dine Brands sustains market confidence with robust promotional strategies and operational adjustments.
ZacksDine Brands (DIN) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Dine Brands (DIN) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
