Dine Brands Considers Opening Joint IHOP-Applebee's Restaurants in U.S. After Overseas Success
• Dine Brands Global is considering introducing joint IHOP-Applebee's restaurants in the U.S., featuring a shared kitchen and combined dining area.
• Dine Brands recently opened its first joint location in Leon, Mexico in January, and has 7 others internationally.
• The CEO said dual-brand locations have performed well overseas, generating about 2 times the revenue expected for a single IHOP or Applebee's.
• IHOP consisted of nearly 1,800 restaurants worldwide at the end of 2023, while Applebee’s had over 1,600.
• In Q4 2022, IHOP saw same-restaurant sales rise 1.6% year-over-year, while Applebee’s posted a 0.5% drop.