“Americans, now that they are increasingly vaccinated, with capacity restrictions being lifted across the country, with good weather, with a strong economy, people are returning to restaurants,” he told Nation’s Restaurant News after the earnings call. “And it s because they want to gather and celebrate community and literally hug each other again, because we haven t done that for 13 months.”
He also said Dine Brands was still shopping for another concept.
Peyton told investors that the improvement in sales at Applebee’s and IHOP also was driven by historically high consumer savings and federal stimulus checks as well as unemployment rates that are at their lowest level since the pandemic started. Sales might be buoyed further if a new federal infrastructure bill is passed, he said.
Operator
Hello, and welcome to the First Quarter 2021 Dine Brands Global Earnings Conference Call. My name is Christian, and I ll be your conference operator today. [Operator Instructions].
I ll now turn the call over to Mr. Ken Diptee, Executive Director of Investor Relations. Sir, you may begin.
Ken Diptee
Executive Director, Investor Relations
Good morning, and welcome to Dine Brands First Quarter 2021 Conference Call. I m joined by John Peyton, CEO; Allison Hall, Interim CFO and Controller; Jay Johns, President of IHOP; and John Cywinski, President of Applebee s. Before I turn the call over to John, please remember our safe harbor regarding forward-looking information. During the call, management may discuss information that is forward-looking and involves known and unknown risks, uncertainties and other factors, which may cause the actual results to be different than those expressed or implied. Please evaluate the forward-looking information in the context of these facto
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The White House delivered good news to a pandemic-fatigued public this week, moving up the timeline for vaccine distribution.
President Joe Biden said there should be enough vaccine supply for every American adult to get a jab by the end of May. That s two months ahead of previous estimates.
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Controller Alison Hall to serve as interim replacement
Thomas Song has resigned from the position of chief financial officer of Dine Brands Global Inc., effective Jan. 22, 2021, the company said in a filing with the Securities & Exchange Commission.
His interim replacement will be Alison Hall, who has been the company’s vice president and corporate controller since March of 2019, the filing said, adding that she started with the company in 2007 as assistant controller.
Glendale, Calif.-based Dine Brands is the parent company of family-dining chain IHOP and casual-dining chain Applebee’s Neighborhood Grill & Bar.
In an email, the chairman of Dine Brands’ board of directors, Richard Dahl, said Song was leaving to “take an opportunity outside of the restaurant industry.”