HIGHOutside partyCustomer
57%
top five Applebee's franchisees
“10-K Item 1: 'Our five largest Applebee's franchisees owned 57% of the total 1,520 Applebee's franchised restaurants.'”
DIN · Concentration risk · 10-K extracted
Dine Brands Global, Inc. Common (DIN) concentration risks
Updated
The most significant concentration Dine Brands Global, Inc. Common discloses is top five Applebee's franchisees at 57%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Dine Brands Global, Inc. Common’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH2
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
Centralized Supply Chain Services (CSCS)
“10-K Item 1: 'CSCS has been appointed as the sole authorized purchasing organization and purchasing agent for goods, equipment and distribution services for IHOP and Applebee's restaurants in the United States.'”
MEDIUMOutside partyCustomer
41%
top five Fuzzy's franchisees
“10-K Item 1: 'Our five largest Fuzzy's franchisees owned 41% of the total 105 Fuzzy's franchise restaurants.'”
MEDIUMOutside partyCustomer
32%
top five IHOP franchisees
“10-K Item 1: 'Our five largest IHOP franchisees owned 32% of the total 1,812 IHOP franchised restaurants.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Dine Brands' concentration risk is entirely dependency-based, running through franchisees and a single supply-chain intermediary rather than structural business-mix factors. The five largest Applebee's franchisees owned 57% of the total 1,520 Applebee's franchised restaurants, a high-share exposure, meaning a majority of one brand's system sits with a handful of operators. On the supply side, CSCS has been appointed the sole authorized purchasing organization and purchasing agent for goods, equipment, and distribution services for IHOP and Applebee's restaurants in the United States, also a high-share dependency that touches both brands at once. Franchisee concentration is somewhat lower, though still notable, at the other two chains: the five largest Fuzzy's franchisees owned 41% and the five largest IHOP franchisees owned 32%, both medium-share exposures. Netting these out, the Applebee's franchisee concentration and the single-sourced CSCS supply arrangement are the two exposures most capable of moving results, since both sit at a high share and CSCS in particular threads through the entire franchise system rather than one brand alone.
For the engine’s reasoning on DIN’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Restaurants
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| DIN● | Dine Brands Global, Inc. Common | 2 | 2 | 0 | 4 |
| BJRI | BJ's Restaurants, Inc. | 1 | 1 | 0 | 2 |
| BLMN | Bloomin' Brands, Inc. | 1 | 0 | 0 | 1 |
| BH | Biglari Holdings Inc. | 0 | 1 | 0 | 1 |
| BH-A | Biglari Holdings Inc. | 0 | 1 | 0 | 1 |
| BROS | Dutch Bros Inc. | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.