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’sSource: Company report
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Contact Lisa Jennings at [email protected].
Follow her on Twitter: @livetodineout
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