Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Management observed a shift toward 'intentional' spending behavior driven by inflation in food away from home, elevated gas prices, and declining consumer sentiment. IHOP outperformed industry benchmarks for the third consecutive quarter, specifically beating traffic benchmarks by mid-single digits through a mix of value-focused advertising and premium LTOs. Operational improvements, including a 4-minute gain in table turns at IHOP and increased manager-guest interactions at Applebee's, are directly correlating with higher guest satisfaction scores.