GLENDALE Calif. DineEquity Inc., parent to the IHOP and Applebee’s brands, swung to a second quarter net loss on large one-time charges related to both the Applebee’s acquisition, which was funded heavily by debt, and recent sale-leaseback transactions on Applebee’s corporate assets. For the quarter ended June 30, DineEquity booked a net loss of $19.4 million, or $1.42 per share, compared with year-ago profit of $14.1 million, or 82 cents per share. The latest quarter included a ...
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Contact: Desiree Torres Desiree.Torres@penton.com