Applebee's owner Dine Brands wants to steal fast-food customers with its deals
Publishing timestamp: 2024-05-08 16:19:08
Summary
Dine Brands, the parent company of Applebee's and IHOP, is hoping to compete with fast-food chains by offering deals to lure customers. Despite disappointing first-quarter earnings, the company is confident in its full-year forecast. Applebee's is focusing on value promotions to attract customers away from fast-food chains. Other casual dining chains like Chili's are also leaning into deals to compete with fast-food giants like McDonald's. Applebee's recent pop-culture moments may also give it an edge over competitors. Warren Buffett's stock portfolio is heavily invested in just 5 stocks. Bank of America recommends buying a shoe stock before earnings, while Morgan Stanley has top picks for quarterly earnings. Tesla's price cuts could lead to a "huge demand problem" according to a fund manager, and Gundlach predicts only one rate cut from the Fed this year.
Sentiment: MIXED
Keywords: breaking news: business, restaurants, brinker international inc, business, lifestyle, dine brands global, john peyton, retail industry, peyton manning, business news, earnings, mcdonald's corp,
Source: https://www.cnbc.com/2024/05/08/applebees-owner-dine-brands-targets-fast-food-customers.html