Applebee’s To Close Up To 135 Restaurants
Applebee’s to close up to 135 restaurants.
The Glendale, California-based DineEquity will be closing down up 135 Applebee’s restaurants this year. Poor second quarter fiscal results, a decline of 6.2%, prompted the company to close more than double the previously expected amount. Chairman and CEO Richard J. Dahl said 2017 is a “transitional” year for the Applebee’s casual dining brand.
“We are investing in the empowerment of our brands by improving overall franchisee financial health, closing underperforming restaurants and enhancing the supply chain,” Dahl said. “We are focusing on operations and elevating the guest experience, whether in our restaurants or off-premise.”
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