IHOP Is Rethinking Its Real Estate Format To Get Back To Growth

During this latest go-round of earnings, breakfast heavyweights Starbucks
SBUX
, Dunkin’ and IHOP all reported impending closures totaling hundreds of locations—a consequence largely driven by a devastated morning daypart as commuters stay home. 

Dunkin’ and Starbucks, however, have the benefit of drive-thru-heavy footprints to promote their recovery. IHOP’s road may be a bit bumpier, as evidenced by its Q3 results in which same-store sales were down by 30% year-over-year. 

Though that road to recovery may be bumpy, the path itself is clear for IHOP President Jay Johns. 

“We think recovery is going really well. We’re not where we want to be, but we are slowly and steadily marching toward getting back to pre-COVID numbers and consistent week over week improvements,”

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Grand Slam for diners: 2 Columbia-area IHOP restaurants reopen under their new owner | Columbia Business

COLUMBIA — Two International House of Pancakes locations in the Midlands that closed unexpectedly eight months ago have reopened to offer the restaurants’ signature Grand Slams and their full menus.

The IHOP location at 1031 Assembly St. reopened Saturday for carry-out service and on Monday for dine-in customers. The restaurant, located across the street from the S.C. Statehouse, is looking to hire more staff as it moves back to service seven days per week.



Why Columbia missed out on more March Madness hoops, closed IHOP gets new owner

The location in Lexington at 5571 Sunset Blvd. also has reopened after being closed for months, according to the IHOP website. The restaurant closed as franchise owner CFRA Holdings filed for bankruptcy in May.

Last week IHOP announced that 41 locations were acquired by Sun Holdings, a company that operates franchise restaurants across the country for numerous brands including McAlister’s Deli and Arby’s. 

IHOP also has restaurants that have remained open in the Midlands

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