IHOP reports highest sales increase in decade

IHOP reports highest sales increase in decade

IHOP 2Q same-store sales up 6.2 percent

DineEquity Inc. upgraded its fiscal 2015 guidance for IHOP on Wednesday after reporting the strongest quarterly sales increase for the family-dining brand in more than a decade.

IHOP’s domestic systemwide same-store sales climbed 6.2 percent for the June 30-ended second quarter, chalking up a two-year increase of 9 percent.

As a result, the company now expects same-store sales for the year to increase between 4 percent and 6 percent at IHOP. Earlier projections were fo

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