GLENDALE Calif. DineEquity Inc., the parent company to Applebee’s and IHOP, said Tuesday that cost controls, lower interest expense and reduced impairment charges helped it swing to a third-quarter profit from a year-ago loss, despite still negative sales trends. For the quarter ended Sept. 30, net income totaled $7.9 million, or 46 cents per share, compared with a net loss of $16.4 million, or 98 cents per share, in the same quarter last year.Helping to boost its bottom line were easier ...
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Contact: Desiree Torres Desiree.Torres@penton.com