Dine Brands Global, Inc. (DIN) Presents at KeyBanc Capital Markets Consumer Conference 2025 Transcript
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SA Transcripts157.37K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Dine Brands Global, Inc. (DIN) KeyBanc Capital Markets Consumer Conference 2025 December 12, 2025 11:15 AM EST Company Participants John Peyton - CEO, Applebee’s President & DirectorLawrence Kim - President of IHOPVance Chang - Chief Financial Officer Conference Call Participants Eric Gonzalez - KeyBanc Capital Markets Inc., Research Division Presentation Eric GonzalezKeyBanc Capital Markets Inc., Research Division Thanks, everyone, for joining us. We're here with the full team from Dine Brands. We've got Lawrence, Kim, we got Vance, we got Matt, John. So welcome, everybody. Maybe we'll just start off, discuss the key drivers as we look out into 2026. What do you see as the key drivers for both brands, Applebee's and IHOP? And how do you believe your brands are positioned from a competitive standpoint? Question-and-Answer Session John PeytonCEO, Applebee’s President & Director Eric, I'll talk generally and a little bit about Applebee's and then Lawrence will fill in for IHOP. In terms of the big picture, the macro and sort of what the guest is thinking and what our guests in particular is thinking who is in that sweet spot of $50,000 to $75,000 a year in household income is that value still matters. It's mattered now for 1.5 years, and we expect in 2026 that our guest is going to be looking for value. But the definition of value has changed over the last couple of quarters. It started about 1.5 years ago when inflation really kicked in where guests wanted to know the full cost of the meal. And that's when you started to see all of the burger, fries and a soda for $10, $11, $12 -- but what we're seeing now in addition to that, as we do our guest intercepts and all of our research is they're equally focused on what they're calling the vibe, and that's literally a