GLENDALE Calif. Expenses related to its pending $2.3 billion acquisition of Applebeeâ€™s International Inc. left IHOP Corp. with a loss of $11.6 million for the third quarter ended Sept. 30, the company reported Tuesday. The 69-cent-per-share shortfall compares with a net profit of $11.3 million, or 62 cents per share, for the same period of the prior year. Revenues for the most recent quarter rose year over year by 3.8 percent, to $91.4 million. Same-store sales increased 2 percent on ...
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Contact: Desiree Torres Desiree.Torres@penton.com