IHOP 4Q Same-Store Sales Up 4.3 Percent
IHOP Corp. Reports Same-Store Sales Increases of 4.3% and 5.3% for the Fourth Quarter and Fiscal Year 2004
IHOP Corp. (NYSE:IHP) announced its system-wide same-store sales results for the Company's fourth quarter and fiscal year ended December 31, 2004. IHOP's system-wide same-store sales increased 4.3% for the fourth quarter 2004. For the 12 months ended December 31, 2004, system-wide same-store sales increased 5.3%.
Julia A. Stewart, IHOP's President and Chief Executive Officer, said, "We are extremely pleased with our same-store sales results for the fourth quarter and fiscal 2004. For the second straight year, IHOP set a record for same-store sales growth, which in 2004 reached the highest level in the last 12 years. Our performance clearly demonstrates that our energizing strategies continue to produce solid results -- not only with regard to same-store sales, but also in the improved effectiveness of our marketing, operations and training initiatives. As we enter 2005, our business model transition is complete, and we look forward to a terrific year as we optimize the strategies responsible for our success over the past two years."
Julia A. Stewart, IHOP's President and Chief Executive Officer, said, "We are extremely pleased with our same-store sales results for the fourth quarter and fiscal 2004. For the second straight year, IHOP set a record for same-store sales growth, which in 2004 reached the highest level in the last 12 years. Our performance clearly demonstrates that our energizing strategies continue to produce solid results -- not only with regard to same-store sales, but also in the improved effectiveness of our marketing, operations and training initiatives. As we enter 2005, our business model transition is complete, and we look forward to a terrific year as we optimize the strategies responsible for our success over the past two years."
