Dine Brands Says Domestic Development Activity By IHOP Franchisees And Area Licensees Is Expected To Be Between 15 And 25 Net New Openings; IHOP's Domestic System-wide Comparable Same-restaurant Sales Performance Is Expected To Range Between 1%- 3%
Portfolio Pulse from Benzinga Newsdesk
Dine Brands anticipates 15 to 25 net new openings by IHOP franchisees and area licensees. IHOP's domestic system-wide comparable same-restaurant sales are expected to range between 1% and 3%.
May 08, 2024 | 11:17 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Dine Brands expects an increase in IHOP franchisee and licensee activity with 15 to 25 net new openings and a 1%-3% growth in domestic same-restaurant sales.
The expected increase in franchisee and licensee activity, along with the projected growth in same-restaurant sales, indicates a positive outlook for Dine Brands. This growth is likely to attract investor interest and could lead to a short-term increase in stock price due to the positive sales performance and expansion strategy.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100