DineEquity Reports Strong Second Quarter Results
DineEquity, the parent company of Applebee's Neighborhood Grill & Bar and IHOP restaurants, today announced financial results for the second quarter of 2013.
“DineEquity’s second quarter included a number of accomplishments. Same-restaurant sales were positive for both brands. In particular, same-restaurant sales at IHOP rose 1.9 percent, with an increase in guest traffic. This is IHOP’s first quarter of both positive same-restaurant sales and guest traffic since the fourth quarter of 2010,” says Julia A. Stewart, chairman and CEO of DineEquity.
In the first six months of 2013, DineEquity’s total revenue was $229,391,000. Applebee’s has had six restaurants open in 2013, IHOP has opened 22 new restaurants.
“We are very pleased with the results and will continue our efforts to build momentum. Applebee’s performance was also strong in an uneven consumer environment, generating same-restaurant sales growth of 1.3 percent,” Stewart says.