IHOP added two more virtual restaurant brands to its portfolio during Q1 and executives noted they have lifted dinner and late-night businesses.
IHOP and Applebee’s franchisee revenues offset labor cost increases for the first time since 2019.
Late-night hours now offered at about 71% of the family-dining restaurant system
KFC, Taco Bell and Pizza Hut all generated positive same-store sales driven by resonating menu launches in Q1.
Meet the next major category that will take the restaurant industry by storm.
