Dine Brands Global, Inc. (DIN) Presents at Barclays 19th Annual Global Consumer Staples Conference Transcript

Good afternoon, everyone. Thank you very much for joining us as we move through day 2 of our conference. I very much appreciate all of your attendance. My name is Jeff Bernstein. I'm the restaurant and foodservice distribution analyst here at Barclays. We are thrilled to have our next presenting company with me on stage. It is Dine Brands. With me on stage from Glendale, California, we have John Peyton, the CEO, sitting in the middle. We have Vance Chang, the CFO, sitting closest to me. And we have Lawrence Kim at the end, the President of IHOP and the Chief Commercial Officer. By way of background, for those not familiar, Dine Brands is a portfolio with 2 very large brands that I think everybody knows that would be led by 1,550 Applebee's units. 1,800 IHOP units, and I do not want to underestimate the future opportunity with the 100 Fuzzy's Taco units. They also have -- and that includes the licensing of a combined 240 units outside the United States. So clearly, 2 powerhouse brands, of course, Applebee's and IHOP. Clearly, they have a good look at the consumer, and we're thrilled to have them with us at our consumer conference. I've got a number of questions for management. So I will kick it off right now. But again, we want to thank Dine Brands for joining us today.

Thanks for having us.