During this latest go-round of earnings, breakfast heavyweights Starbucks
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,”