August 18, 2001 |
IHOP Inc., owner of the International House of Pancakes restaurant chain, said it hired Salomon Smith Barney Inc. to explore options and consider a major shareholder's suggestion to securitize some receivables. Southeastern Asset Management Inc., IHOP's largest shareholder, said in a Securities and Exchange Commission filing in May that the company should sell or refinance $287 million of loans made to franchisees.
April 8, 1998 |
Never mind Planet Hollywood, Rainforest Cafe and those other "concept" restaurant chains that are struggling to live up to their hype--and their stockholders' expectations. The big returns these days are in flapjacks. IHOP Corp., which runs the decidedly un-trendy but familiar International House of Pancakes chain, is riding a two-year growth spurt that shows no sign of slowing and has investors cheering.
August 8, 1995
Glendale-based International House of Pancakes reported a rise in profits and sales for its second quarter ending June 30. The restaurant chain said profits increased about 10% to $4.1 million in the latest quarter, compared to $3.7 million during the second quarter in 1994. Quarterly sales increased 8% to $40 million, compared to $37 million during the same period in 1994. For the six-month period, profits dropped slightly to $5.85 million, compared to $5.95 million in 1994.
March 22, 1994 |
While many Valley-based businesses are reeling from the recession, a few are basking in record profits, thanks largely to places like Arkansas, Illinois and Maryland. Those are some of the states where four local companies--the Cheesecake Factory, International House of Pancakes, Superior Industries and Players International--have established restaurants, factories and riverboat casinos.
December 25, 1992 |
Milwaukee IHOP to Settle in Patrons' Discrimination Suit: An International House of Pancakes restaurant and a group of black patrons who asserted that they were refused service have agreed to settle a lawsuit for $185,000. The patrons were locked out of a Milwaukee IHOP several times last Dec. 28, the lawsuit said. The restaurant has promised to ensure that employees are instructed to treat all customers "fairly and equally without regard to race," IHOP's attorney said.
November 19, 1991
IHOP Corp., the parent of the International House of Pancakes restaurant chain, said it plans to increase its size 25% by opening an additional 165 outlets over the next five years. The new restaurants, together with IHOP's plan for closing 45 existing outlets, would increase the size of IHOP's system to 620 restaurants. Glendale-based IHOP now has 500 restaurants in 36 states, Canada and Japan. IHOP operates 56 of the outlets, while the majority are run by its franchisees and licensees.