Dine Brands Global, Inc. DIN

What this company does

Dine Brands Global, Inc. owns and franchises the International House of Pancakes (IHOP) restaurant concept in the full-service family dining category, the Applebee's Neighborhood Grill + Bar restaurant concept in the full-service casual dining category, and the Fuzzy's Taco Shop restaurant concept in the limited-service fast-casual dining category. As of December 28, 2025, the substantial majority of its 3,509 restaurants across all brands were owned and operated by independent franchisees. During fiscal 2025, it conducted its business through three reportable business segments: Franchise, Company-owned restaurants and Rental. Its Franchise segment generates revenues primarily from royalties and advertising fees paid by 1,812 IHOP franchised restaurants, 1,520 Applebee's franchised restaurants and 105 Fuzzy's franchised restaurants, along with sales of proprietary IHOP and Fuzzy's products to franchisees. Internationally, its restaurants are located in 20 countries and two territories of the United States. The first IHOP restaurant opened in 1958 in Toluca Lake, California, and since then the company and its predecessors have engaged in the development, franchising and, from time to time, ownership and operation of IHOP restaurants. It was incorporated under the laws of the State of Delaware in 1976 with the name IHOP Corp., and it later changed its name to DineEquity, Inc. in June 2008 and to Dine Brands Global, Inc. in February 2018.

Written from the business description in Dine Brands Global, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.