Dine Brands Global is an international restaurant operator and franchisor that develops, owns, operates, manages, franchises and licenses upscale and casual dining restaurants across four primary concepts: STK (modern steakhouses), Benihana (interactive teppanyaki), Kona Grill and RA Sushi (Grill Concepts), and ONE Hospitality (a fee-based food and beverage management platform for high-end hotels and casinos). The company generates revenue from owned restaurant operations, as well as management fees, franchise fees and incentive fees from licensed and managed locations, pursuing a capital-light growth strategy that emphasizes licensing and franchising alongside owned venues. The business competes in the upscale and casual dining markets, with beverage sales representing a significant revenue stream, and relies on coordinated culinary and purchasing teams to maintain product standards across its portfolio.