Yahoo Finance

- By Mark Yu

The $714.4 million California-based Applebee's and iHop operator DineEquity (DIN) reported its second quarter results. DineEquity reported (-)3.8% year over year to $311.4 million and (-)32% drop in profits to $35 million (11.3% margin vs. 15.9% in the year prior period).

In addition to low 0.3% rise in revenue costs, the chain operator recognized higher operational costs at 9.8% year over year resulting in lower profits for the period.

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• IHOP acquired Applebee's for $1.9 billion.