Dineequity, the owner of iHop and Applebee’s, has soared a whopping 133% since the beginning of the year. What’s going on?
Based in Glendale, Calif., DineEquity and its franchisees own or operate almost 3,400 restaurants under the Applebee's Neighborhood Grill & Bar and IHOP brands.
When the firm reported quarterly earnings at the end of April, they revealed profits almost tripled with the results largely due to cost controls and higher sales at its IHOP locations.