IHOP Web Site - February 27, 2008
IHOP Corp. (NYSE: IHP) today provided financial guidance and highlighted key operational and financial benchmarks that will drive the performance of its IHOP and Applebee's businesses in fiscal 2008.
These benchmarks include the sale-leaseback of approximately 190 company-owned Applebee's restaurant locations as well as its Restaurant Support Center headquartered in Lenexa, Kansas. These actions are expected to generate after-tax cash proceeds of approximately $350 million and approximately $40 million, respectively.
Based in Glendale, California, IHOP Corp. franchises and operates restaurants under the International House of Pancakes, or IHOP, and the Applebee's Neighborhood Grill & Bar brands. With more than 3,300 restaurants combined, IHOP Corp. is the largest full-service restaurant company in the world.
Sphere: Related Content
Sunday, March 02, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment