Operator

Good day, and thank you for standing by. Welcome to Dine Brands’ Third Quarter 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your host today, Matt Lee, Senior Vice President of Finance and Investor Relations. Sir, you may begin.

Matthew Lee
Senior Vice President of Finance & Investor Relations

Good morning, and welcome to Dine Brands Global’s third quarter conference call. This morning’s call will include prepared remarks from John Peyton, CEO and President of Applebee’s; and Vance Chang, CFO. Following those prepared remarks, Lawrence Kim, President of IHOP, will also be available, along with John and Vance to address questions from the investment community during the Q&A portion of the call.

Please remember our safe harbor regarding forward-looking information. During the call, management will discuss information that is forward-looking and involves known and unknown risks, uncertainties and other factors, which may cause the actual results to be different than those expressed or implied. Please evaluate the forward-looking information in the context of these factors, which are detailed in today’s press release and 10-Q filing. The forward-looking statements are as of today, and we assume no obligation to update or supplement