GLENDALE Calif. IHOP Corp.’s purchase of Applebee’s last November led to a loss for the pancake specialist’s latest quarter and year, but company officials on Wednesday predicted more positive results for 2008 as the newly acquired brand moves to an almost all-franchised model and same-store sales turn positive. IHOP reported a net loss of $16 million, or 94 cents per share, for the fourth quarter ended Dec. 31, compared with a profit of $10.3 million, or 57 cents per share, for the ...
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Contact: Desiree Torres Desiree.Torres@penton.com