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DineEquity (NYSE: DIN) is scheduled to report fourth-quarter 2011 results tomorrow, March 1, before the markets open. The stock is up nearly 20% in the past 90 days. The company has been reinvesting in the business and is expected to do so through 2012. And speculation has it initiating a dividend. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: ....
Former CFO Thomas Song resigned in December Dine Brands Global Inc. has named Vance Chang its chief financial officer, effective June 14, 2021, the parent company of IHOP and Applebee’s neighborhood Grill & Bar, said Wednesday. It also has named Allison Hall, who has served as interim CFO since January following the December resignation of Thomas Song, as senior vice president and chief accounting officer. Photo: Vance Chang, chief financial officer at Dine Brands Global Inc. Vance most recently was CFO of Exer Urgent Care, and before that he held the same position at Yogaworks. He also has held positions at Pressed Juicery, Moelis & Company, Oracle and Deloitte & Touche. He received a degree in accounting from the University of Washington and an MBA from The Wharton School at the University of Pennsylvania. ....
“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. ....
The pay hike for new and existing restaurant workers, both hourly and salaried, will roll out over the next few weeks, with hourly crew wages starting in the range of $11 to $18 per hour. There are also opportunities to advance to a restaurateur position, which is the highest-ranking general manager, with average compensation of $100,000 a year, Chipotle said, in as little as 3½ years. In an interview with CNBC, Chipotle CEO Brian Niccol said the current labor market is among the most challenging he s seen in his career in the restaurant industry. In this environment, the company hopes to convey the opportunities that exist for growth within the brand. ....