2007 News Releases

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12/19/07IHOP Reaches Compromise in Quest to Move Super Tuesday Primaries
State Leaders Proclaim February 12 National Pancake Day GLENDALE, CA, Dec 19, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP (NYSE: IHP), one of America's favorite restaurants for breakfast, lunch and dinner, announced today that after efforts to lobby 15 state governors to move their Super Tuesday presidential primary elections, the company has reached a compromise and will activate Plan B (for buttermilk). As it stands, Super Tuesday, set for February 5, 2008, encroaches upon the... 
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12/12/07IHOP Names VitroRobertson as New Advertising Agency
New Agency to Provide Broadcast, Creative and Strategic Planning Services; Media Planning and Buying Responsibilities Unchanged GLENDALE, CA, Dec 12, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP (NYSE: IHP), one of America's favorite restaurants for breakfast, lunch and dinner, announced today that after a thorough review it has awarded VitroRobertson responsibility for the restaurant chain's creative advertising. The decision was made upon the conclusion of a closed review, with a... 
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12/05/07IHOP Asks Governors in 15 States to Move Presidential Primaries
Company Seeks to Protect the Tradition of National Pancake Day GLENDALE, CA, Dec 05, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP (NYSE: IHP), one of America's favorite restaurants for breakfast, lunch and dinner, announced today that it has written the governors of the 15 states planning to have their presidential primaries on February 5, requesting that those governors change their state's primary date in honor of National Pancake Day. As it stands, Super Tuesday conflicts with... 
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11/29/07IHOP Corp. Successfully Completes the Acquisition of Applebee's International, Inc.
Combination Brings Together Two Leading Restaurant Brands and Creates Significant Opportunities to Generate Shareholder Value GLENDALE, CA, Nov 29, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced that it successfully completed the acquisition of Applebee's International, Inc. for $25.50 per share in cash, representing a total transaction value of approximately $2.1 billion. With more than 3,250 restaurants, the combination brings together two leading... 
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11/29/07IHOP Corp. Subsidiaries Complete $2.039 Billion Securitized Financing to Fund Its Acquisition of Applebee's International, Inc.
GLENDALE, CA, Nov 29, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced that certain of its subsidiaries have successfully completed two separate securitization transactions with total proceeds of $2.039 billion. The securitization transactions consisted of an issuance of debt collateralized by IHOP restaurant assets and a separate issuance of debt collateralized by Applebee's restaurant assets. In addition, IHOP Corp. has completed a private placement ... 
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11/28/07Applebee's International Reports November Comparable Sales
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Nov. 28, 2007--Applebee's International, Inc. (Nasdaq:APPB) today reported comparable sales for the four-week period ended November 25, 2007. System-wide domestic comparable sales decreased 1.6 percent for the November period, and comparable sales for domestic franchise restaurants decreased 1.3 percent. Comparable sales for company restaurants decreased 2.3 percent, reflecting a decrease in guest traffic of between 3.0 and 3.5 percent, combin... 
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11/12/07IHOP Rolls Out New Menu Items
New Menu Items Reflect IHOP's Ongoing Strategy to Reenergize the Brand; Nine New Menu Items Extend the Goodness of IHOP Through Breakfast, Lunch and Dinner GLENDALE, CA, Nov 12, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP (NYSE: IHP), one of America's favorite restaurants for breakfast, lunch and dinner, today announced the roll out of a revamped menu with dishes ranging from new pancakes to barbecue ribs and chicken. The nine new items extend the goodness of IHOP through breakfa... 
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11/07/07IHOP Corp. to Realign Corporate Structure After Completion of Applebee's Acquisition
Brand Leadership at IHOP Supported by Seasoned Team; Applebee's Structure Aligned to Drive Transition to Highly Franchised SystemGLENDALE, CA, Nov 07, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced that, upon the close of its acquisition of Applebee's International, Inc. (NASDAQ: APPB), it plans to realign its organizational structure consistent with the Company's strategy to franchise a substantial majority of Applebee's company-operated restaurants. T... 
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10/31/07Applebee's International Reports October Comparable Sales
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Oct. 31, 2007--Applebee's International, Inc. (Nasdaq:APPB) today reported comparable sales for the four-week period ended October 28, 2007. System-wide domestic comparable sales decreased 1.5 percent for the October period, and comparable sales for domestic franchise restaurants decreased 1.6 percent. As previously reported, comparable sales for company restaurants decreased 1.1 percent, reflecting a decrease in guest traffic of between 2.5 a... 
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10/30/07Applebee's Stockholders Approve Acquisition by IHOP Corp.
Combination Will Bring Together Two Leading Restaurant Brands and Create Significant Opportunities to Generate Stockholder Value GLENDALE, CA, Oct 30, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) confirmed today that the stockholders of Applebee's International, Inc. (NASDAQ: APPB) have voted to approve the merger agreement between IHOP Corp. ("IHOP") and Applebee's International, Inc. ("Applebee's") at a special meeting of stockholders held today. Under the term... 
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10/29/07IHOP Chairman and CEO, Julia A. Stewart, Receives the Chain Leadership Award
Annual Award Recognizes Executives Within Restaurant Industry GLENDALE, CA, Oct 29, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP (NYSE: IHP), one of America's favorite restaurants for breakfast, lunch and dinner, today announced that its Chairman and CEO, Julia A. Stewart, has received the 2007 Chain Leadership Award. The Chain Leadership Award is presented as part of Chain Leader magazine's Execution Awards, which are awarded annually to honor leaders in the chain restaurant ind... 
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10/29/07Breakfast and Dessert Unite in IHOP's New Pancake Promotion
'Pancake Surrender' Features Carrot Cake, New York Cheesecake and Pumpkin Pancakes GLENDALE, CA, Oct 29, 2007 (MARKET WIRE via COMTEX News Network) -- Dessert has a new place at the table! No longer content to be last place in the dinner line up, dessert-like treats are taking over tables as an indulgent new pancake promotion available only at IHOP (NYSE: IHP), one of America's favorite restaurants for breakfast, lunch and dinner. From now until the New Year, IHOP brings the sweet stu... 
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10/29/07Applebee's International Reports Third Quarter 2007 Results
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Oct. 29, 2007--Applebee's International, Inc. (Nasdaq:APPB) today reported net earnings of $15.8 million, or $0.21 per diluted share, for the third quarter ended September 30, 2007. Excluding discontinued operations, impairment and other restaurant closure costs, and strategic alternative and proxy contest expenses totaling $3.0 million after-tax or $0.04 per share, net earnings were $18.8 million, or $0.25 per diluted share, for the third quarter... 
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10/23/07IHOP Corp. Reports Third Quarter 2007 Financial Results
GLENDALE, CA, Oct 23, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced financial results for the third quarter and nine months ended September 30, 2007, which included the following performance highlights: -- IHOP produced its 19th consecutive quarter of same-store sales growth with an increase of 2.0% for the third quarter 2007. This growth was driven by higher guest check averages, partially offset by declines in guest traffic during th... 
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10/22/07ISS Recommends 'For' Sale of Applebee's International to IHOP Corp.
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Oct. 22, 2007--Applebee's International, Inc. (Nasdaq:APPB) today announced that Institutional Shareholder Services (ISS), one of the nation's most influential independent proxy advisory firms, recommends that Applebee's stockholders vote "FOR" the proposed sale of the company to IHOP Corp. Last week, Glass Lewis & Co, another of the country's largest proxy advisory firms, also recommended shareholders vote "FOR" the proposed sale. Appleb... 
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10/18/07Glass Lewis Recommends 'For' Sale of Applebee's International to IHOP Corp.
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Oct. 18, 2007--Applebee's International, Inc. (Nasdaq:APPB) today announced that Glass Lewis & Co., one of the nation's leading independent proxy advisory firms, recommended that Applebee's stockholders vote "FOR" the proposed sale of the company to IHOP Corp. Applebee's and IHOP entered into a definitive agreement on July 16, 2007, to combine the two companies in an all-cash transaction under which Applebee's shareholders will receive $25.50 ... 
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10/11/07IHOP Corp. Reports Same-Store Sales Increase of 2.0% for the Third Quarter 2007
GLENDALE, CA, Oct 11, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced that its system-wide same-store sales increased 2.0% for the third quarter ended September 30, 2007. For the first nine months of fiscal 2007, system-wide same-store sales increased 1.8%. Julia A. Stewart, IHOP's Chairman and Chief Executive Officer, said, "Our same-store sales performance of 2.0% for the third quarter 2007 represents our 19th consecutive quarter of growth amid an in... 
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10/05/07IHOP Corp. Declares Quarterly Dividend
GLENDALE, CA, Oct 05, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced that its Board of Directors declared a quarterly cash dividend of $0.25 per common share payable November 20, 2007 to shareholders of record as of October 30, 2007. Future dividend declarations will be made at the discretion of the Board of Directors and will be based on such factors as the Company's earnings, financial condition, cash requirements, future prospects and other factors... 
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10/03/07Applebee's International Reports September Comparable Sales
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Oct. 3, 2007--Applebee's International, Inc. (Nasdaq:APPB) today reported comparable sales for the five-week period ended September 30, 2007. System-wide domestic comparable sales increased 0.6 percent for the September period, while comparable sales for domestic franchise restaurants increased 0.5 percent. Comparable sales for company restaurants increased 0.7 percent, reflecting a decrease in guest traffic of approximately 3.0 percent, combi... 
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10/01/07IHOP Corp. to Hold Third Quarter 2007 Conference Call on October 23rd
GLENDALE, CA, Oct 01, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced that it will release third quarter 2007 financial results on Tuesday, October 23, 2007 before the market opens. The Company will host an investor conference call to discuss its third quarter 2007 financial results on Tuesday, October 23, 2007 at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time). To participate on the call, please dial (888) 680-0879 and reference pass code 57132699. ... 
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10/01/07IHOP to Eliminate Frying Oil Containing Trans Fats by Year End
GLENDALE, CA, Oct 01, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP (NYSE: IHP) today announced that it will eliminate the use of frying oil with trans fats in all of its restaurants by December 31, 2007. IHOP, one of America's favorite restaurants for breakfast, lunch and dinner, has worked closely with its suppliers since 2006 to test fryer oil that is free of artificial trans fat, and to ensure that changes will not affect the taste or quality of its menu items. "As the supply of ... 
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09/04/07IHOP Heats Up Cravings With Fruit Crepe Fever
New Crepes, Available for a Limited Time, Cause Craving Frenzy GLENDALE, CA, Sep 04, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP (NYSE: IHP), one of America's favorite restaurants for breakfast, lunch and dinner, is raising temperatures with its newest limited time offer, Fruit Crepe Fever. Available from now until October 28, Fruit Crepe Fever features IHOP's delicate crepes spilling over with delicious fruit and sweet cream cheese filling. The limited time offer is sending gue... 
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09/04/07Applebee's International Reports August Comparable Sales
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Sept. 4, 2007--Applebee's International, Inc. (Nasdaq:APPB) today reported comparable sales for the four-week period ended August 26, 2007. System-wide domestic comparable sales decreased 0.9 percent for the August period, while comparable sales for domestic franchise restaurants decreased 0.7 percent. Comparable sales for company restaurants decreased 1.6 percent, reflecting a decrease in guest traffic of between 6.0 and 6.5 percent, combined... 
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08/13/07IHOP Corp. Names Greggory Kalvin as Controller
GLENDALE, CA, Aug 13, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP), one of America's favorite restaurants for breakfast, lunch and dinner, today announced the appointment of Greggory Kalvin to the position of Vice President, Controller, effective immediately. In this position, Mr. Kalvin will provide leadership for IHOP's accounting, tax and financial reporting groups and will be responsible for the Company's accounting management and regulatory reporting and compl... 
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08/07/07IHOP'S Director of Training and Development, John Isbell, Elected President-Elect of the Council of Hotel and Restaurant Trainers (CHART)
Isbell Will Lead Hospitality Industry's Largest Training Organization in 2008 GLENDALE, CA, Aug 07, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP (NYSE: IHP), one of America's favorite restaurants for breakfast, lunch and dinner, today announced that John Isbell, Director, Training and Development, has been elected President-elect of The Council of Hotel and Restaurant Trainers (CHART). Isbell was elected at the organization's 74th Semi-Annual Hospitality Training Conference, which... 
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08/01/07Applebee's International Reports Second Quarter 2007 Results
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Aug. 1, 2007--Applebee's International, Inc. (Nasdaq:APPB) today reported net earnings of $24.2 million, or $0.32 per diluted share, for the second quarter ended July 1, 2007. Excluding discontinued operations, impairment and other restaurant closure costs, and strategic alternative and proxy contest expenses totaling $2.1 million after-tax or approximately $0.03 per share, net earnings were $26.2 million, or $0.35 per diluted share, for the secon... 
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07/25/07IHOP Corp. Reports Second Quarter 2007 Financial Results
GLENDALE, CA, Jul 25, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced financial results for the second quarter and six months ended June 30, 2007, which included the following performance highlights: -- Net income per diluted share for the second quarter 2007 was $0.82, which increased 46.4% primarily due to a 7.1% decrease in General & Administrative (G&A) expenses, a lower effective tax rate and a 5.7% decrease in diluted weight... 
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07/16/07IHOP Corp. to Acquire Applebee's International, Inc. for $25.50 Per Share in an All-Cash Transaction
Combination Brings Together Two Leading Restaurant Brands and Creates Significant Opportunities to Generate Shareholder Value GLENDALE, Calif. & OVERLAND PARK, Kan.--(BUSINESS WIRE)--July 16, 2007--IHOP Corp. (NYSE: IHP) and Applebee's International, Inc. (NASDAQ: APPB), today jointly announced a definitive agreement under which IHOP Corp. ("IHOP") will acquire Applebee's International, Inc. ("Applebee's") for $25.50 per share in cash, representing a total transaction ... 
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07/16/07Applebee's International Reports June Comparable Sales; Provides Guidance on Second Quarter Earnings Per Share
OVERLAND PARK, Kan.--(BUSINESS WIRE)--July 16, 2007--Applebee's International, Inc. (Nasdaq:APPB) today reported comparable sales for the five-week period ended July 1, 2007. System-wide domestic comparable sales decreased 0.3 percent for the June period, as did comparable sales for domestic franchise restaurants. Comparable sales for company restaurants decreased 0.2 percent, reflecting a decrease in guest traffic of between 3.0 to 3.5 percent, combined with a higher average chec... 
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07/12/07IHOP Corp. Reports Same-Store Sales Increase of 2.5% for the Second Quarter 2007
GLENDALE, CA, Jul 12, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP), one of America's favorite restaurants for breakfast, lunch and dinner, today announced that its system-wide same-store sales increased 2.5% for the quarter ended June 30, 2007. For the first six months of fiscal 2007, system-wide same-store sales increased 1.6%. Julia A. Stewart, IHOP's Chairman and Chief Executive Officer, said, "Our same-store sales performance of 2.5% for the second quarter 2007... 
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07/11/07IHOP Corp. Declares Quarterly Dividend
GLENDALE, CA, Jul 11, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced that its Board of Directors declared a quarterly cash dividend of $0.25 per common share payable August 21, 2007 to shareholders of record as of July 31, 2007. Future dividend declarations will be made at the discretion of the Board of Directors and will be based on such factors as the Company's earnings, financial condition, cash requirements, future prospects and other factors. Ab... 
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07/09/07Argonne Capital Group Acquires Existing Operations and Development Rights of IHOP's Florida Area Licensee
GLENDALE, CA, Jul 09, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP), one of America's favorite restaurants for breakfast, lunch and dinner, today announced that an affiliate of Atlanta-based Argonne Capital Group, LLC, Sunshine Restaurant Partners LLC, has acquired the restaurant assets, operations and development rights of the Company's largest area licensee, FMS Management Systems, Inc. FMS owned, operated and sub-franchised 148 IHOP restaurants located throughout... 
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07/02/07IHOP Corp. to Hold Second Quarter 2007 Conference Call on July 25th
GLENDALE, CA, Jul 02, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced that it will release second quarter 2007 financial results on Wednesday, July 25, 2007 before the market opens. The Company will host an investor conference call to discuss its second quarter 2007 financial results on Wednesday, July 25, 2007 at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time). To participate on the call, please dial (888) 680-0869 and reference pass code 79531352. ... 
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06/25/07IHOP Captures Sweet Summer Sensations With Three Favorite Strawberry Treats
"Sweet Strawberry Serenade" Promotion Has Strawberry Lovers Singing IHOP's Praises GLENDALE, CA, Jun 25, 2007 (MARKET WIRE via COMTEX News Network) -- Summer has officially arrived, and IHOP (NYSE: IHP), one of America's favorite restaurants for breakfast, lunch and dinner, is celebrating the season with its Sweet Strawberry Serenade limited time offer. From now until September 2, guests can choose from three summer treats that are spilling over with sweet, ripe strawberries: Strawberr... 
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05/30/07Applebee's International Reports May Comparable Sales
OVERLAND PARK, Kan.--(BUSINESS WIRE)--May 30, 2007--Applebee's International, Inc. (Nasdaq:APPB) today reported comparable sales for the four-week period ended May 27, 2007. System-wide domestic comparable sales decreased 2.1 percent for the May period, while comparable sales for domestic franchise restaurants decreased 1.9 percent. Comparable sales for company restaurants decreased 2.9 percent, reflecting a decrease in guest traffic of between 3.0 and 3.5 percent, combined with a... 
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05/25/07Applebee's International Holds Annual Meeting of Stockholders
OVERLAND PARK, Kan.--(BUSINESS WIRE)--May 25, 2007--Applebee's International, Inc. (Nasdaq:APPB) held its Annual Meeting of Stockholders today. At the meeting, stockholders elected six directors: Richard C. Breeden, Laurence E. Harris, Jack P. Helms, Lloyd L. Hill, Burton M. Sack and Michael A. Volkema. Mr. Helms will serve for a two-year term until the 2009 Annual Meeting, and each of the other directors will serve for a three-year term until the 2010 Annual Meeting. Each of the ... 
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05/04/07IHOP Chairman and CEO, Julia A. Stewart, Honored With Elliot Mentor Award
Stewart Is First Female Recipient of Hospitality Industry Award From The Elliot Group GLENDALE, CA, May 04, 2007 (MARKET WIRE via COMTEX News Network) -- Julia A. Stewart, chairman and chief executive officer of IHOP Corp. (NYSE: IHP), was awarded the Elliot Mentor Award in recognition of her achievements as a leader in the foodservice industry. Stewart, who is the first female recipient of the award, was honored at this week's 22nd Annual Elliot Leadership Conference. The Elliot Mentor... 
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05/04/07Applebee's Lumpkin Named a Top CFO
OVERLAND PARK, Kan.--(BUSINESS WIRE)--May 4, 2007--For the second year in a row, shareholders and analysts have named Steve Lumpkin, executive vice president, chief financial and strategy officer for Applebee's International, Inc. (Nasdaq:APPB), one of the best CFOs in the United States, according to Institutional Investor magazine. The magazine surveyed nearly 800 analysts and portfolio managers at more than 400 money management firms responsible for investing $6.3 trillion in U.... 
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05/03/07IHOP Corp. to Webcast Annual Meeting of Shareholders on May 8th
GLENDALE, CA, May 03, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) invites investors listen to the webcast of its Annual Meeting of Shareholders on Tuesday, May 8, 2007, beginning at 1:00 p.m. Eastern Time (ET). A live webcast of the Annual Meeting of Shareholders will be available on IHOP's Web site at www.ihop.com, and may be accessed by visiting Calls & Presentations under the site's Investor Information section. Participants should allow approximately ten m... 
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05/02/07Applebee's International Reports First Quarter 2007 Results
OVERLAND PARK, Kan.--(BUSINESS WIRE)--May 2, 2007--Applebee's International, Inc. (Nasdaq:APPB) today reported net earnings of $9.5 million, or $0.13 per diluted share, for the first quarter ended April 1, 2007. Excluding discontinued operations, impairment and other restaurant closure costs, and strategic alternative expenses totaling $17.6 million after-tax or approximately $0.23 per share, net earnings were $27.1 million, or $0.36 per diluted share, for the first quarter of 2007. A... 
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04/26/07 Applebee's International and Breeden Capital Announce Settlement
Richard Breeden and Laurence Harris Join Applebee's Board of Directors OVERLAND PARK, Kan.--(BUSINESS WIRE)--April 26, 2007--Applebee's International, Inc. (Nasdaq:APPB) and Breeden Capital Management LLC ("Breeden Capital") and its affiliated investment funds today announced an agreement appointing Mr. Richard Breeden and Mr. Laurence Harris to the Applebee's board and ending the proxy contest that was to occur at the company's 2007 Annual Meeting of Stockh... 
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04/26/07 Applebee's International Provides Update on the Strategy Committee of the Board of Directors
OVERLAND PARK, Kan.--(BUSINESS WIRE)--April 26, 2007--Consistent with its March 12 commitment to update shareholders on its strategic process, Applebee's International, Inc. (Nasdaq:APPB) and its Board of Directors today provided an update on the activities of its Strategy Committee. The Committee announced that the strategic process has yielded several non-binding, preliminary proposals to acquire the company. Based on a careful review of those bids, the Committee and the full B... 
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04/25/07IHOP Corp. Reports First Quarter 2007 Financial Results
GLENDALE, CA, Apr 25, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced financial results for the first quarter 2007 ended March 31, 2007, which included the following performance highlights: -- The Company successfully completed a $200 million securitized financing transaction during the first quarter 2007. -- EPS for the first quarter 2007 was $0.63, which decreased 7.4% due to costs related to the write-off of deferred financing costs and a... 
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04/23/07IHOP Marks the Spot for Tasty New Treasures
Bounty of Stuffed French Toast Flavors at IHOP for a Limited Time GLENDALE, CA, Apr 23, 2007 (MARKET WIRE via COMTEX News Network) -- This spring, IHOP invites guests to indulge in a bounty of flavor combinations by discovering the riches of its golden Stuffed French Toast Treasures. IHOP (NYSE: IHP), one of America's favorite restaurants for breakfast, lunch and dinner, is building upon its Stuffed French Toast success by offering unique flavors that are sure to provide a delightfully... 
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04/12/07IHOP Corp. Reports Same-Store Sales Increase of 0.5% for the First Quarter 2007
GLENDALE, CA, Apr 12, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP), one of America's favorite restaurants for breakfast, lunch and dinner, today announced that its system-wide same-store sales increased 0.5% for the quarter ended March 31, 2007. Julia A. Stewart, IHOP's Chairman and Chief Executive Officer, said, "Our same-store sales performance of 0.5% for the first quarter 2007 represents our 17th consecutive quarter of growth. Our results were tempered by a cha... 
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04/05/07IHOP Corp. Declares Quarterly Dividend
GLENDALE, CA, Apr 05, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced that its Board of Directors declared a quarterly cash dividend of $0.25 per common share payable May 22, 2007 to shareholders of record as of May 1, 2007. Future dividend declarations will be made at the discretion of the Board of Directors and will be based on such factors as the Company's earnings, financial condition, cash requirements, future prospects and other factors. About I... 
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04/02/07IHOP Corp. to Hold First Quarter 2007 Conference Call on April 25th
GLENDALE, CA, Apr 02, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced that it will release first quarter 2007 financial results on Wednesday, April 25, 2007 before the market opens. The Company will host an investor conference call to discuss its first quarter 2007 financial results on Wednesday, April 25, 2007 at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time). To participate on the call, please dial (800) 573-4842 and reference pass code 65362687. ... 
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03/30/07 Applebee's International Wins Two National Awards for Excellence in Investor Relations
OVERLAND PARK, Kan.--(BUSINESS WIRE)--March 30, 2007--For the fourth consecutive year, Applebee's International, Inc. (Nasdaq:APPB) has won the Grand Prix for the best overall investor relations (IR) team of any small-cap company in America. Also for the fourth year in a row, Carol DiRaimo, vice president of investor relations for Applebee's, was recognized as the best investor relations officer for any small- to mid-cap U.S. company. The awards were presented last night at the an... 
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03/29/07 Statement by Dave Goebel, CEO of Applebee's International, Inc.
OVERLAND PARK, Kan.--(BUSINESS WIRE)--March 29, 2007--Dave Goebel, CEO of Applebee's International, Inc. (Nasdaq: APPB), issued the following statement: The real issue here is improving our business in the midst of a very tough competitive environment - in fact, it's the toughest environment in 15 years for casual dining. We are aggressively working to build sales and traffic, which will improve our return on investment and, ultimately, deliver more value to shareholders. We also... 
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03/21/07 Applebee's International To Close 24 Restaurants
OVERLAND PARK, Kan., Mar 21, 2007 (BUSINESS WIRE) -- Applebee's International, Inc. (Nasdaq:APPB) today announced it is closing 24 of its 528 company-owned restaurants. System-wide, there are more than 1,940 Applebee's Neighborhood Grill & Bar restaurants. Last week, the company announced that the Strategy Committee of independent directors had a broad mandate to conduct a comprehensive evaluation of the company's strategic alternatives, as well as its business and financial strategies. As... 
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03/19/07IHOP Corp. to Present at the JPMorgan Gaming, Lodging and Restaurants Conference
GLENDALE, CA, Mar 19, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced that management will present a Company overview to investors at the JPMorgan Gaming, Lodging and Restaurants Conference on Wednesday, March 21, 2007 from 2:45 p.m. to 3:15 p.m. Pacific Time. A live webcast of the presentation will be available on IHOP's Web site at www.ihop.com, and may be accessed by visiting Conference Calls & Presentations under the site's Investor Information ... 
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03/16/07IHOP Corp. Subsidiaries Complete $200 Million Securitized Financing
New Debt Structure Provides for Increased Financial Flexibility and Enhances the Company's Ability to Create Shareholder Value GLENDALE, CA, Mar 16, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP), one of America's favorite family restaurants for breakfast, lunch and dinner, today announced that certain of its subsidiaries have completed a previously announced $200 million securitized financing transaction. This private securitization consists of $175 million in Fix... 
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03/14/07IHOP Corp. Announces Resignation of Controller
GLENDALE, CA, Mar 14, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP), one of America's favorite family restaurants for breakfast, lunch and dinner, today announced the resignation of its Controller Allen Arroyo. He will leave the company no earlier than March 27, 2007 and may stay longer on a consulting basis. Mr. Arroyo has accepted a senior financial position with another company. IHOP Corp. is very appreciative of his long and dedicated service to the Company an... 
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03/12/07Applebee's International Provides Update on the Strategy
OVERLAND PARK, Kan.--(BUSINESS WIRE)--March 12, 2007--Applebee's International, Inc. (Nasdaq:APPB) and its Board of Directors today provided an update on the activities of its Strategy Committee. The independent co-chairs of the Strategy Committee are Jack Helms, chairman of Goldsmith, Agio and Helms, a Minneapolis-based investment banking firm, and Eric Hansen, member, Holman, Hansen & Colville, P.C., a Kansas City law firm. The other members of the committee, all independent dir... 
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03/09/07 Applebee's International Announces Breeden Capital Refuses Company's Offer of Two Board Seats
OVERLAND PARK, Kan.--(BUSINESS WIRE)--March 9, 2007--Applebee's International, Inc. (Nasdaq:APPB) today announced that negotiations with activist hedge fund Breeden Capital have failed to produce an agreement after Breeden rejected the company's offer of two board seats. Breeden Capital, a 5-percent shareholder, is seeking four seats on the Applebee's board of directors. Applebee's said that over the past eight months, board members and company representatives have held numer... 
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03/08/07IHOP Corp. Subsidiaries Price $200 Million Securitization
GLENDALE, CA, Mar 08, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP), one of America's favorite family restaurants for breakfast, lunch and dinner, today announced that certain of its subsidiaries have priced a $200 million securitization transaction. This private securitization consists of $175 million in Fixed Rate Notes and a revolving credit facility of $25 million in Variable Funding Notes. Substantially all of the funds from this borrowing will be used to repa... 
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02/28/07IHOP and Miss America Raise Over $625,000 for Charity in Second National Pancake Day Celebration
IHOP Gives Away 8.5 Mile-High Stack of Pancakes in Support of Children's Miracle Network and Other Local Charities GLENDALE, CA, Feb 28, 2007 (MARKET WIRE via COMTEX News Network) -- Last Tuesday, IHOP (NYSE: IHP) celebrated the biggest one-day event in its nearly 50-year history, and gave away nearly 1.1 million buttermilk pancakes, which if stacked on top of each other would be 8.5 miles high, to unite guests and raise over $625,000 in support of children's hospitals and other worthy c... 
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02/28/07Applebee's International Reports February Comparable Sales
OVERLAND PARK, Kan., Feb 28, 2007 (BUSINESS WIRE) -- Applebee's International, Inc. (Nasdaq:APPB) today reported comparable sales for the four-week period ended February 25, 2007. System-wide domestic comparable sales decreased 4.0 percent for the February period, and comparable sales for domestic franchise restaurants decreased 3.9 percent. Comparable sales for company restaurants decreased 4.3 percent, reflecting a decrease in guest traffic of between 5.5 and 6.0 percent, combined with a... 
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02/26/07IHOP Corp. to Present at Investor Conferences in March 2007
GLENDALE, CA, Feb 26, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced that management will present a Company overview to investors at the Bear Stearns 13th Annual Retail, Restaurants & Consumer Conference on Thursday, March 1, 2007 from 9:05 a.m. to 9:45 a.m. Eastern Time. Additionally, management will present at the Raymond James 28th Annual Institutional Investors Conference on Monday, March 5, 2007 from 4:00 p.m. to 4:30 p.m. Eastern Time A liv... 
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02/26/07IHOP Takes Cinnamon Roll Flavor to New Heights With Cinn-A-Stacks Celebration
Forget Crowded Malls and Airports for Cinnamon Rolls; IHOP's Pancake and French Toast Dishes Satisfy the Cinnamon Fix GLENDALE, CA, Feb 26, 2007 (MARKET WIRE via COMTEX News Network) -- Springing forward with taste sensations, IHOP (NYSE: IHP), one of America's favorite restaurants for breakfast, lunch and dinner, combines the indulgent, rich flavor of cinnamon rolls with favorite breakfast dishes to create a one-of-a-kind category of deliciousness. IHOP's Cinn-A-Stacks Celebration, avai... 
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02/21/07IHOP Corp. Provides 2007 Financial Performance Guidance
Share Repurchases Expected at a Substantially Higher Level Than Prior Year GLENDALE, CA, Feb 21, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced that it expects earnings per diluted share for 2007 to range between $2.50 and $2.60. The Company's earning performance outlook is based on IHOP's expectation of positive same-store sales growth at 2% to 4% in 2007, the addition of 61 to 66 new restaurants to the IHOP system this year, continued General &am... 
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02/21/07IHOP Corp. Reports Strong Fourth Quarter and Fiscal 2006 Financial Results
GLENDALE, CA, Feb 21, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced financial results for its fourth quarter and fiscal 2006, which include the following performance highlights: -- EPS for the fourth quarter 2006 of $0.57, including stock based compensation expense, was a 7.5% increase versus the same quarter last year. EPS for the fourth quarter 2006, excluding pre-tax stock based compensation expense of $1.0 million, was $0.61, a 15.1... 
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02/20/07MEDIA ALERT/PHOTO OPP: IHOP Flips for Charity With Second National Pancake Day Celebration
GLENDALE, CA, Feb 20, 2007 (MARKET WIRE via COMTEX News Network) -- What: IHOP's Second National Pancake Day Celebration For the young and young-at-heart, IHOP invites people of all ages to flip for a short stack of its buttermilk pancakes on the house in celebration of IHOP's 2nd National Pancake Day. Also known as Mardi Gras and Shrove Tuesday, Pancake Day has been celebrated for centuries in England, with a tradition and lore all its own.* When: Tuesday, February 20, 2007; 7:00 am -... 
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02/14/07Applebee's International Reports Fourth Quarter and Fiscal Year 2006 Results
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Feb. 14, 2007--Applebee's International, Inc. (Nasdaq:APPB) today reported net earnings of $18.5 million, or $0.25 per diluted share, for the fourth quarter ended December 31, 2006. This compares to net earnings of $20.5 million, or $0.27 per diluted share, for the fourth quarter of 2005, including the cumulative effect of a change in accounting principle. Excluding impairment and other restaurant closure costs of $2.3 million ($1.6 million af... 
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02/13/07Applebee's International Exploring Strategic Alternatives for Enhancing Shareholder Value
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Feb. 13, 2007--Applebee's International, Inc. (Nasdaq:APPB) today announced that its Board of Directors has formed a committee of independent directors to explore strategic alternatives for enhancing shareholder value, including a possible recapitalization or sale of the company. The committee has retained Citigroup Global Markets Inc., and the company has retained Banc of America Securities LLC as financial advisors. Legal advisors are Cravath, S... 
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02/09/07IHOP Corp. Extends Timeframe for Refinancing Completion
GLENDALE, CA, Feb 09, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced that it will delay the completion of its corporate refinancing currently underway, and that it now expects this transaction will be completed after the Company resolves issues related to its trademarks and service marks. Subsidiaries of IHOP Corp. intend to issue up to $200 million of notes in a private securitization, consisting of $175 million in medium term notes and $25 million of... 
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02/09/07IHOP Corp. to Address Trademark Registration Issues
GLENDALE, CA, Feb 09, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today disclosed that it has become aware of issues relating to the lapsing of certain IHOP federal trademark and service mark registrations on file with the United States Patent and Trademark Office. As a consequence of the lapsing of these registrations, IHOP's Uniform Franchise Offering Circular ("UFOC") must be revised. Only certain franchise agreements entered into during and after November 200... 
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02/05/07IHOP Corp. to Hold Fourth Quarter 2006 and 2007 Performance Guidance Conference Call on February 21st
GLENDALE, CA, Feb 05, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced that it will release fourth quarter and fiscal 2006 results and issue 2007 performance guidance on Wednesday, February 21, 2007 before the market opens. The Company will host an investor conference call to discuss its fourth quarter and fiscal 2006 results and 2007 performance guidance on Wednesday, February 21, 2007 at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time). To participat... 
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01/31/07Applebee's International Reports January Comparable Sales; Fourth Quarter 2006 Earnings Conference Call to be Broadcast over the Internet
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Jan. 31, 2007--Applebee's International, Inc. (Nasdaq:APPB) today reported comparable sales for the four-week period ended January 28, 2007. System-wide domestic comparable sales decreased 5.8 percent for the January period, and comparable sales for domestic franchise restaurants decreased 5.5 percent. Comparable sales for company restaurants decreased 6.6 percent, reflecting a decrease in guest traffic of approximately 8.0 percent, combined w... 
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01/30/07IHOP and Miss America Flip for Charity to Celebrate National Pancake Day
Free Pancakes to Benefit Charity on February 20GLENDALE, CA, Jan 30, 2007 (MARKET WIRE via COMTEX News Network) -- Just one day after being crowned Miss America, Lauren Nelson, has been named the official spokesperson for National Pancake Day. On Tuesday, February 20, IHOP (NYSE: IHP) and Miss America will flip for charity with the second National Pancake Day celebration. IHOP will give away one free short stack of its famous buttermilk pancakes from 7 a.m. to 10 p.m. to all its guests, a... 
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01/23/07IHOP Brand Extends Its Reach as Franchisees Serve Up New Restaurants in Mexico and the U.S. Virgin Islands
GLENDALE, CA, Jan 23, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) announced today the upcoming opening of new restaurants, extending IHOP, one of America's favorite family restaurants for breakfast, lunch and dinner, into new international and domestic venues. The first IHOP in Mexico will open in Monterrey, Mexico on January 23, contributing to the economic growth of a booming region in the state of Nuevo Leon. The franchisee, Monterrey-based Junior Foods, S.A. ... 
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01/16/07IHOP Corp. Declares Quarterly Dividend
GLENDALE, CA, Jan 16, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced that its Board of Directors declared a quarterly cash dividend of $0.25 per common share payable February 20, 2007 to shareholders of record as of February 1, 2007. Future dividend declarations will be made at the discretion of the Board of Directors and will be based on such factors as the Company's earnings, financial condition, cash requirements, future prospects and other factors... 
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01/16/07IHOP Sweetens Its Website With a New Look
Revamped Website Reflects the Look and Feel of Today's IHOP GLENDALE, CA, Jan 16, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP (NYSE: IHP), one of America's favorite family restaurants for breakfast, lunch and dinner, today relaunched its website, www.IHOP.com. The redesigned website brings the iconic brand to life through images and new interactive features, and is the Company's latest in a number of efforts that are reenergizing the brand, including remodeled restaurants, a new... 
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01/12/07IHOP Corp. Highlights 2006 Sales and Development Milestones
Company Produces 16th Consecutive Quarter of Positive Same-Store Sales Growth, Surpasses $2 Billion in System-Wide Sales and Crosses 1,300 Restaurant Mark GLENDALE, CA, Jan 12, 2007 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced key sales and development metrics for fiscal 2006: -- Same-Store Sales Growth Continues: IHOP produced its 16th consecutive quarter of positive same store sales growth since changing its business model in 2003 to focus... 
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01/08/07Applebee's International Reports December Comparable Sales; Updates 2006 Earnings Guidance and Reaffirms 2007 Outlook
OVERLAND PARK, Kan., Jan 08, 2007 (BUSINESS WIRE) -- Applebee's International, Inc. (Nasdaq: APPB) today reported comparable sales for the six-week period ended December 31, 2006. System-wide domestic comparable sales increased 0.2 percent for the December period, and comparable sales for domestic franchise restaurants increased 0.4 percent. Comparable sales for company restaurants decreased 0.4 percent, reflecting a decrease in guest traffic of between 1.0 and 1.5 percent, combined with a... 
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01/02/07All You Can Eat Pancakes Are Back at IHOP
Unlimited Pancakes and Never Empty Coffee Pot(R) Provide Unmatched Value for Post-Holiday Wallets GLENDALE, CA, Jan 02, 2007 (MARKET WIRE via COMTEX News Network) -- For those looking to refuel after the holidays or find a break from the winter woes, IHOP (NYSE: IHP), one of America's favorite family restaurants for breakfast, lunch and dinner, invites guests to enjoy All You Can Eat Pancakes any time of day from now until February 18. IHOP's golden, fluffy, award-winning buttermilk pancak... 
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