Dine Brands Global, Inc. (DIN - Free Report) , formerly known as DineEquity, Inc., has partnered with Comcast Business — a subsidiary of Comcast Corporation (CMCSA - Free Report) — to offer outstanding dining experience at its restaurants. At its more than 2,850 locations, Comcast is likely to provide managed services like firewall/router, broadband, switch, WiFi premium and business continuity.
The improved digital network is likely to provide Dine Brands with robust technology foundation, which should help the company to track customer data at its Applebee’s Neighborhood Grill, and Bar and IHOP franchises. The network will also help the company to manage the current customer demand and forecast their future needs to deliver exceptional services.
Dine Brands’ chief information officer, Adrian Butler said that “Our partnership with Comcast Business Enterprise Services to provide the robust infrastructure needed, allows us to service our brands so they can remain focused on serving our guests and providing added value for our franchisees.”
Strategic Efforts Continue to Drive the Stock Higher
Shares of this Zacks Rank #1 (Strong Buy) company have soared 65% in the past six months, comfortably outperforming the industry’s increase of 2.7%. The upside was driven by the company’s efforts to accelerate growth by focusing on key areas across the organization, including brand leadership, culinary, operations and marketing.
Dine Brands has also developed top-tier consumer insights and analytics, to understand customers and frame strategies likewise. Again, the company invested in technology and growth platforms such as to-go offering for developing incremental revenue channels, at both IHOP and Applebee's, in a bid to expand its business base.
Evidently, these initiatives have reflected in Dine Brands’ fourth-quarter 2017 comps performance. The company expects these strategies to pay off in the first quarter of 2018 as well.
Meanwhile, the company remains focused on foraying into international markets, apart from growing domestically. Since the inception of Dine Brands’ international division in 2013, the company has expanded its global footprint from 206 to 269 units at the end of 2017, representing a 7% CAGR.
In 2017, Dine Brands’ experienced the strongest international development in over a decade, with its franchisees launching 37 restaurants across both the brands. Additionally, management plans to have roughly 500 international restaurants by 2022.
Other Stocks to Consider
Some other top-ranked stocks from the same space are Arcos Dorados Holdings Inc. (ARCO - Free Report) and Ruth's Hospitality Group, Inc. (RUTH - Free Report) . Both the stocks carry the same bullish rank as Dine Brands. You can see the complete list of today’s Zacks #1 Rank stocks here.
Arcos Dorados Holdings has an impressive long-term earnings growth rate of 19.4%.
Ruth's Hospitality Group has an impressive long-term earnings growth rate of 14.3%.
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