IHOP takes a hit in 4th-Q on Applebee's purchase

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 c

Register to view the full article

Register to view this article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish