DineEquity: Refranchising, upgrades strategy boosted 1Q results

DineEquity: Refranchising, upgrades strategy boosted 1Q results

The company is selling 39 of its Applebee's units and will continue revamping its IHOP brand

IHOP and Applebee’s parent DineEquity Inc. on Tuesday reported a 5.5-percent increase in profit for the first quarter, saying revitalization efforts for both brands are on track, but more work needs to be done.

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