April 27, 2002
Karen S. Kim DOWNTOWN -- Julia Stewart might not officially take over the reins of IHOP Corp. until Friday, but she's already spent the last six months getting her feet wet. Since she became the company's president and chief operating officer in December, Stewart, 46, has spent much of her tenure visiting hundreds of franchised and company-operated IHOP restaurants to better understand the corporation and her...
January 16, 2003
Gretchen Hoffman IHOP Corp. executives expect this year's profit to fall as the Glendale-based company moves to a new business model that will bring in lower franchising fees. The move will result in a decline in earnings per share in fiscal 2003 to between $1.55 and $1.70, officials project. IHOP has not released its 2002 earnings but said in October that its 2002 profit would be $1.85 to $1.96 a share. Under the new business model, IHOP will stop financing development of new restaurants and will let its franchisees pay for the acquisition of land and the cost of construction, Chief Executive Officer Julia Stewart said Monday in a conference call.
July 17, 2007
GLENDALE — IHOP Corp., the Glendale-based pancake restaurant chain, agreed on Monday to buy Applebee's International Inc. for about $2.1 billion, or $25.50 per share. The cost of the deal, which is expected to close in the fourth quarter this year, represents a share price that is 4.6% higher than Applebee's' closing price on Friday. IHOP had been exploring the possibility of an acquisition earlier this year when Kansas-based Applebee's put itself up for sale in February amid investor concerns of slumping stock prices, said Julia Stewart, IHOP chief executive.
January 6, 2003
Gretchen Hoffman Long-time Chairman and former CEO Richard "Kim" Herzer has resigned from the Glendale-based IHOP Corp. Herzer, 71, has been replaced by Larry Kay as chairman of the board, ending more than 35 years with the company. "It certainly didn't come as a surprise that Kim has had this planned," IHOP spokesman Patrick Lenow said. "It's really part of a natural secession. Kim is looking forward to spending more time with his wife and family and grandchildren."
March 11, 2010
Glendale-based DineEquity Inc., the owner of IHOP Restaurants and Applebee’s Neighborhood Grill & Bar, threw its weight against proposals for health-care reform Wednesday, sending representatives to Washington to lobby against the White House-backed bills. DineEquity, the world’s largest full-service restaurant company, has argued that health-care-reform bills awaiting reconciliation votes in Congress could weigh down businesses with added expenses, stifling growth and prompting layoffs.
December 4, 2003
Robert Chacon For the first time in 27 years, Glendale-based IHOP Corp. will not enter a float in the Rose Parade, citing financial constraints. "IHOP has become a household name, and we don't need the recognition anymore," company spokesman Patrick Lenow said. "The Rose Parade has been a great tradition for us and served us well." Lenow declined to say how much the company spent annually on its float, but called it a sizable investment the company will use for other marketing measures.
May 23, 2010
One of the best restaurants in Glendale is IHOP. The food is excellent; never a bad meal there. The waiters and waitresses are so friendly, so pleasant, always. One of the assistant managers greets customers at the door, seats them at a table when they need help and helps the kitchen staff. Their chicken noodle soup is the best. It is fantastic. MAURINE BLAKELY Glendale Election system is very expensive After a long, costly and same time muddy April 13 special primary election where we narrow down the field to two candidates in the 43rd Assembly District, we still have to elect one for the Nov. 2 election, this after a primary on June 8. It is a very long and costly process for basically a local election.
March 3, 2010
DOWNTOWN — DineEquity Inc., the Glendale-based owner of IHOP Restaurants and Applebee’s Neighborhood Grill & Bar, on Wednesday reported earnings of $31-million for 2009, bouncing back from a $154-million loss the year prior. The family-dining giant has more than 3,400 franchise or company-owned restaurants and employs 225 people at its headquarters and 1,000 nationwide. The majority of IHOP and Applebee’s employees work for franchisees, according to DineEquity.