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CFRA Holdings, an IHOP franchisee that runs 49 restaurants across Virginia, North Carolina, South Carolina and Tennessee, filed for bankruptcy on May 6 and closed all of its locations.
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IHOP will close nearly 100 restaurants in the next six months, the pancake house and breakfast chain's parent company, Dine Brands Global, revealed in its third-quarter earnings report Wednesday.
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By Peter Romeo on Oct. 28, 2020. The IHOP family restaurant chain is expected to close as many as 99 restaurants during the next six months as the result of a financial review currently underway, and casual-dining sister brand Applebee's Neighborhood Grill is expected to permanently shut down 15 branches during the fourth quarter, franchisor.
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IHOP, Applebees hybrid to open in Detroit 00:26. DineEquity said Thursday that it will close more than 100 Applebee locations and up to 25 IHOPs this year as the struggling restaurant company.
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IHOP is finally ready to debut its new restaurant concept, Flip'd, in New York City this July.Think of it as a bit like IHOP to go. Flip'd will have its own dedicated menu featuring breakfast.
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IHOP is the latest chain to shutter a number of locations due to the financial strains brought on by the coronavirus pandemic . Dine Brands Inc., which is the parent company of IHOP and Applebee's.
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Applebee's and IHOP are ready to start opening new restaurants again. Parent company Dine Brands is winding down a financial review that led to the closure of hundreds of underperforming restaurants over the past several years, executives said Thursday. It plans to get Applebee's back to net new unit growth in 2023, and expects IHOP to double its historical unit growth by then.
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IHOP will close nearly 100 restaurants in the next six months, the pancake house and breakfast chain's parent company, Dine Brands Global, revealed in its third-quarter earnings report Wednesday.
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On Wednesday, the parent company of Applebee's and IHOP announced year-over-year same-store sales growth of 14.3% and 18.1%, respectively. Further, the company's gross profits increased by 9%.
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IHOP shuts down its fast-casual spinoff, Flip'd. After about two years and four locations, the pancake chain said it would apply lessons from the grab-and-go concept to other parts of its business. By Joe Guszkowski on Jun. 01, 2023. Flip'd had a small footprint and an emphasis on off-premise.
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The IHOP brand consisted of nearly 1,800 restaurants worldwide at the end of 2023, according to Dine Brands. Meanwhile, Applebee's had over 1,600. The former chain saw its comparable same.
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March 7, 2024, 6:15 AM PST / Source: NBC News. By Rob Wile. Two of America's iconic chain eateries are set to combine forces — literally. The parent company of IHOP and Applebee's has.
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Dine Brands said preliminary sales for October through Sunday fell 24% at IHOP. Outdoor dining at a California IHOP in August. Photo: Image Of Sport/Zuma Press. As many as 100 underperforming IHOP.
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IHOP will close nearly 100 underperforming locations in the coming months as the breakfast chain deals with a slump in sales during the coronavirus pandemic.. A spokesperson for DINE Brands, the.
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Applebee's is shrinking. While Dine Brands added a net 33 IHOP restaurants domestically in 2023, the company closed 46 Applebee's locations and only opened 10 new ones, according to the.
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November 9, 2023; Beyond Business Series.. "When it's time for breakfast, I go IHOP. When it's time for burgers, I go to In-N-Out Burger, or Shake Shack or Zinburger or some other.