GLENDALE Calif. DineEquity Inc., parent of the IHOP and Applebee’s chains, reported Wednesday a widened fourth-quarter loss because of $148.3 million in impairment charges related to the Applebee’s brand. The net loss for the quarter ended Dec. 31 swelled to $137.1 million, or $8.15 per share, from $14.3 million, or 94 cents a share, in the same year-earlier quarter largely because of non-cash, after-tax charges of $148.3 million related to write downs in the value of Applebee’s ...
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Contact: Desiree Torres Desiree.Torres@penton.com