DineEquity boosts bottom line with franchise sales

10/29/2013 | Reuters · Nation's Restaurant News (free registration)

Applebee's and IHOP parent DineEquity reported higher-than-forecast third-quarter profits on lower costs as a result of selling more of its company-owned restaurants to franchisees. IHOP also booked its biggest same-store sales increase in five years as changes to the menu steered customers to spend more on appetizers and higher-priced entrees, resulting in higher average checks that offset traffic declines, the company said.

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Reuters · Nation's Restaurant News (free registration)

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