DineEquity Inc. reported a nearly 70-percent drop in net income Tuesday for the third quarter ended Sept. 30, as the company completed its shift to a nearly fully franchised structure for
saw its largest increase in same-store sales since the first quarter of 2008, though traffic declined at both brands. Same-store sales at Applebee’s dropped slightly.
Glendale, Calif.-based DineEquity ended the quarter with 2,009 Applebee’s restaurants and 1,593 IHOP locations in 19 countries.
• DineEquity 'maniacally' focused on sales, traffic turnaround
• DineEquity 1Q profit declines nearly 42%
• More restaurant finance news
Contact Lisa Jennings at firstname.lastname@example.org.
Follow her on Twitter: @livetodineout