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VALLEY BUSINESS | BUSINESS ROUNDUP

IHOP's 1st-Quarter Net Up 8% Over Last Year

May 02, 2000

IHOP Corp. in Glendale reported net income for the first quarter ended March 31 of $7.2 million, an 8% increase over net earnings of $6.7 million for the first quarter of 1999. Revenues rose to $68.4 million from $61.3 million.

IHOP franchises, licenses and operates a chain of 900 restaurants.

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