DineEquity Inc. reported positive same-store sales in the second quarter for both its IHOP and Applebee’s brands. For IHOP, it was the first time same-store sales were positive since late 2010, and the increase reflected improving traffic.
NET INCOME Result: $16.6 million, or 87 cents per share % Increase: 5% (from $15.9 million, or 88 cents per share)
REVENUE Result: $158.1 million % Decrease: 31% (from $229.4 million)
SAME-STORE SALES % Increase: 1.9% at IHOP, 1.3% at Applebee’s
• DineEquity 1Q profit declines nearly 42%
• DineEquity 'maniacally' focused on sales, traffic turnaround
• Same-store sales at NRN.com
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