IHOP’s Net Income Rises to $9 Million for Quarter
IHOP Corp. of Glendale reported net income of $9 million for the fourth quarter that ended Dec. 31, compared with $7.7 million for the similar quarter last year. Revenue rose to $72 million from $69 million.
For 1999, the company posted net income of $32 million, compared with $26 million for 1998. Revenue rose to $273 million from $256 million.
IHOP develops, franchises and operates the International House of Pancakes restaurant chain.
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