DineEquity posts 3Q profit, sales remain weak

GLENDALE Calif. DineEquity Inc., the parent company to Applebee’s and IHOP, said Tuesday that cost controls, lower interest expense and reduced impairment charges helped it swing to a third-quarter profit from a year-ago loss, despite still negative sales trends.

For the quarter ended Sept. 30, net income totaled $7.9 million, or 46 cents per share, compared with a net loss of $16.4 million, or 98 cents per share, in the same quarter last year.

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