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BUSINESS
May 13, 2013
The company: DineEquity Inc. Headquarters: Glendale Ticker: DIN Employees: 500 full-time corporate Leadership: Julia A. Stewart, chief executive of DineEquity and, before that, IHOP Corp. since 2001 2012 revenue: $850 million 2012 net income: $122.5 million Stock price: $72.64 at Friday's close 52-week range: $41.49 to $78.40 P/E ratio: 19, based on estimated 2013 earnings Quarterly dividend: 75 cents, a current yield of 4.1%
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BUSINESS
March 20, 2014 | By Stuart Pfeifer
The creator of a pancake-catching game app says IHOP's parent company stole his idea and put a similar game on the chain's website. Michael Levinson sued DineEquity Inc. this week, accusing the IHOP franchiser of creating its own version of his "Pancake Pile" app after first negotiating to put his game on its website. The lawsuit, filed in Los Angeles County Superior Court, accused DineEquity of violating an "implied contract" with Levinson to use his "Pancake Pile" game. DineEquity spokesman Craig Hoffman declined to comment, saying the company does not publicly discuss pending litigation.
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BUSINESS
March 20, 2014 | By Stuart Pfeifer
The creator of a pancake-catching game app says IHOP's parent company stole his idea and put a similar game on the chain's website. Michael Levinson sued DineEquity Inc. this week, accusing the IHOP franchiser of creating its own version of his "Pancake Pile" app after first negotiating to put his game on its website. The lawsuit, filed in Los Angeles County Superior Court, accused DineEquity of violating an "implied contract" with Levinson to use his "Pancake Pile" game. DineEquity spokesman Craig Hoffman declined to comment, saying the company does not publicly discuss pending litigation.
BUSINESS
May 13, 2013
The company: DineEquity Inc. Headquarters: Glendale Ticker: DIN Employees: 500 full-time corporate Leadership: Julia A. Stewart, chief executive of DineEquity and, before that, IHOP Corp. since 2001 2012 revenue: $850 million 2012 net income: $122.5 million Stock price: $72.64 at Friday's close 52-week range: $41.49 to $78.40 P/E ratio: 19, based on estimated 2013 earnings Quarterly dividend: 75 cents, a current yield of 4.1%
BUSINESS
May 13, 2013 | By Stuart Pfeifer, Los Angeles Times
DineEquity Inc. isn't a name that would be familiar to most people, but they've probably eaten at one of the Glendale company's well-known restaurant chains: Applebee's and IHOP. The first International House of Pancakes opened in 1958 in Toluca Lake, a family-friendly place that inspired the IHOP Corp. chain and introduced children to colored syrups and gooey, whipped-cream-covered chocolate-chip pancakes. That company acquired the larger Applebee's chain in 2007 and became DineEquity the following year.
BUSINESS
January 17, 2012 | By Tiffany Hsu
The Supreme Court on Tuesday turned down an appeal from Applebee's International Inc., which is battling a lawsuit from more than 5,500 bartenders and servers accusing the restaurant chain of underpaying them. The high court declined to hear Applebee's case, which focuses on a practice in which restaurants pay employees reduced minimum wage by factoring in the extra boost provided by tips. Known as a “tip credit,” the practice is banned in states such as California and Minnesota but permitted in Missouri, where many of the plaintiffs work.
BUSINESS
May 1, 2012 | By Tiffany Hsu
DineEquity Inc., the Glendale-based owner of IHOP Restaurants and Applebee's Neighborhood Grill & Bar, is making a heavy push toward franchising. More than 95% of the company's thousands of restaurants are now owned by entrepreneurs, DineEquity said Tuesday when it announced its first quarter earnings . The franchise model helps keep the company's balance sheet from wild swings, leading to a 5.5% boost in profit to $31.3 million, or $1.64 a share, from $29.7 million, or $1.53 a share during the same quarter a year earlier.
BUSINESS
December 30, 2013 | By Tiffany Hsu
An estimated 1 million people are expected to swarm into Times Square in New York City on New Year's Eve to watch the famed ball-drop in person. How many of them will end up at the Applebee's restaurant nearby is uncertain, but the price they'd pay for their attendance is no secret: The eatery is charging patrons $375 a head for its "NYE Extravaganza. " If you're younger than 12, your ticket would cost a mere $250. Same deal goes for the Applebee's off Broadway a few blocks away - the world's largest, according to its Facebook page.
BUSINESS
March 2, 2012 | By Tiffany Hsu, Los Angeles Times
DineEquity Inc., the Glendale-based owner of the Applebee's and IHOP restaurant chains, had a strong fourth quarter after suffering a severe slump a year earlier. Several factors helped the recovery, including the company's increase in franchising, warmer weather that drew out more diners and remodeling efforts that have freshened up hundreds of Applebee's locations. Profit for the quarter that ended Dec. 31 jumped to $27.3 million, or $1.51 cents a share, compared with a loss of $58.1 million, or $3.33 cents a share, from the fourth quarter of 2010.
CALIFORNIA | LOCAL
December 30, 2010 | By Bill Kisliuk, Los Angeles Times
Could pancake peace be at hand? The International House of Pancakes has dropped its trademark infringement lawsuit against a church, agreeing to resolve its dispute with the International House of Prayer out of court. On Dec. 21, the restaurant chain dismissed its case against the church, with its lawyers citing "ongoing mediation with the defendants," according to documents filed in federal court in Los Angeles. The restaurant chain sued the church in September, alleging it misappropriated IHOP trademarks with its website, ihop.
BUSINESS
May 13, 2013 | By Stuart Pfeifer, Los Angeles Times
DineEquity Inc. isn't a name that would be familiar to most people, but they've probably eaten at one of the Glendale company's well-known restaurant chains: Applebee's and IHOP. The first International House of Pancakes opened in 1958 in Toluca Lake, a family-friendly place that inspired the IHOP Corp. chain and introduced children to colored syrups and gooey, whipped-cream-covered chocolate-chip pancakes. That company acquired the larger Applebee's chain in 2007 and became DineEquity the following year.
BUSINESS
March 1, 2012 | By Tiffany Hsu
DineEquity Inc., the Glendale-based owner of the Applebee's and IHOP restaurant chains, had a strong fourth quarter after suffering a severe slump a year earlier. Several factors helped the recovery, including the company's franchising strategy, warmer weather that drew out more diners and remodeling efforts that have freshened up hundreds of Applebee's locations. Net income for the quarter ended Dec. 31 jumped to $27.3 million, or $1.51 cents a share, from a loss of $58.1 million, or $3.33 cents a share, from the fourth quarter of 2010.
CALIFORNIA | LOCAL
October 19, 2010 | By Bill Kisliuk, Los Angeles Times
Glendale-based IHOP has served up a federal lawsuit against a church with ministries in Pasadena and elsewhere, alleging International House of Prayer is violating its trademark. The suit asks International House of Prayer to stop using "IHOP" and similar phrases, and seeks to have the court give the Web address ihop.org to the restaurant chain. Officials at the church, based in Kansas City, Mo., declined to comment. In a statement, church officials said they were aware of the lawsuit and reviewing the claims.
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