ADVFN - Advanced Financial Network.
HOME» NYSE » D » DIN Stock Price » DIN Stock News

Dineequity Share News

 Dineequity Stock Price
DIN Stock Price
 Dineequity Stock Chart
DIN Stock Chart
 Dineequity Stock News
DIN Stock News
 Dineequity Company Information
DIN Company Information
 Dineequity Stock Trades
DIN Stock Trades

PepsiCo Signs 10-Year Soft Drink Contract For Applebee's, IHOP

DOW JONES NEWSWIRES DineEquity Inc. (DIN) has inked a 10-year contract with PepsiCo Inc. (PEP) to be the exclusive provider of most soft drinks for the company's Applebee's and IHOP restaurants, amid growing heat in the soda wars. The deal ends a decades-long supplier agreement between pancake chain IHOP and Coca-Cola Co. (KO). Applebee's has been in partnership with PepsiCo since 2003. DineEquity Chief Executive Julia Stewart said by consolidating its business with PepsiCo, the restaurant company achieved better terms for its franchisees and the widest variety of beverage options. After seeing beverage sales slump for years, PepsiCo has said it would pour up to $600 million into marketing and advertising this year, and analysts have expected the company to ratchet up competition, and possibly discounting, in an effort to gain ground from Coca-Cola. DineEquity is in the middle of an effort to remodel its restaurants and menus to drive traffic, while selling underperforming company-owned locations to franchise operators to boost profit margins. Both of its restaurant chains have been pressured by higher food costs, rising gasoline prices and persistent unemployment. Applebee's has more than 1,800 restaurants in the U.S., while there are around 1,500 IHOP restaurants. DineEquity's share closed at $48.44 on Friday, and are up around 1% in the past six months. PepsiCo's shares closed at $66.10, and are up 4.6% in the past six months. Both were inactive in premarket trading. -By Kristin Jones; Dow Jones Newswires; 212-416-2208; kristin.jones@dowjones.com

Stock News for Dineequity (DIN)
DateTimeHeadline
05/20/201516:17:10Current Report Filing (8-k)
05/19/201517:06:32Statement of Changes in Beneficial Ownership (4)
05/19/201509:02:04Current Report Filing (8-k)
05/19/201508:00:00DineEquity, Inc. Announces Second Quarter 2015 Dividend
05/19/201507:00:00IHOP® Restaurants Support Breakfastarian Community
05/18/201509:00:00Check Out the "Triple Hog Dare Yaâ¢": Applebee's® Launches Ne...
05/06/201513:26:00Times Square Takeover: Applebee's® Launches New Menu With Free...
05/04/201516:05:51Initial Statement of Beneficial Ownership (3)
05/01/201516:49:27TheStreet Upgrades DineEquity to Buy (DIN)
05/01/201514:31:31DineEquity's Hold Rating Reaffirmed at Zacks (DIN)
04/30/201515:35:09Quarterly Report (10-q)
04/30/201509:01:55Current Report Filing (8-k)
04/30/201508:00:00DineEquity, Inc. Reports 30% Growth in Adjusted Earnings per...
04/30/201508:00:00DineEquity Names Veteran Franchise And Retail Executive Darren...
04/14/201507:00:00IHOP® Restaurants' Tenth National Pancake Day® Inspires Record G...
04/13/201516:33:46Statement of Changes in Beneficial Ownership (4)
04/13/201516:31:33Statement of Changes in Beneficial Ownership (4)
04/13/201516:26:14Statement of Changes in Beneficial Ownership (4)
04/13/201516:25:48Statement of Changes in Beneficial Ownership (4)
04/13/201516:25:22Statement of Changes in Beneficial Ownership (4)

Dineequity and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad