DineEquity raises year-end sales forecast for Applebee's
SEAFOODNEWS.COM [Nation's Restaurant News] - Oct0ber 30, 2014
DineEquity Inc.’s net income and revenue rose during the third quarter, which the operator attributed to strong same-store sales growth across its IHOP and Applebee’s Neighborhood Grill & Bar chains, and reduced operating expenses, the company reported Tuesday.
Positive results also prompted the company to revise its year-end sales forecast across both brands. DineEquity expects IHOP same-store sales to increase to 3.5 percent, from 2.5 percent, while Applebee’s same-store sales are expected to be flat to 1 percent. The company originally predicted a decline of 2 percent to a possible growth of 1 percent for Applebee’s.
At the end of the third quarter, ...
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