IHOP Shows a Slight Gain in Its Net Income

IHOP Corp. of Glendale reported net income for the fourth quarter that ended Dec. 31 of $9.7 million, compared with $9 million for the fourth quarter the previous year. Revenue increased 9.8% to $317.1 million, compared with $288.9 million.

For the year, IHOP reported net income of $35.3 million, compared with $32.1 million for the previous year. Revenue gained 10.6% to $1.2 billion.

IHOP owns, operates and franchises a chain of restaurants.