Applebee's International Reports November Comparable Sales

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Nov. 28, 2007--Applebee's International, Inc. (Nasdaq:APPB) today reported comparable sales for the four-week period ended November 25, 2007.

System-wide domestic comparable sales decreased 1.6 percent for the November period, and comparable sales for domestic franchise restaurants decreased 1.3 percent. Comparable sales for company restaurants decreased 2.3 percent, reflecting a decrease in guest traffic of between 3.0 and 3.5 percent, combined with a higher average check.

System-wide domestic comparable sales for the quarter-to-date period through November (eight weeks) have decreased 1.5 percent, with domestic franchise restaurant comparable sales down 1.5 percent and company restaurant comparable sales down 1.7 percent.

As previously announced, on July 15, 2007, IHOP Corp. ("IHOP") and Applebee's International, Inc. ("Applebee's") entered into a definitive agreement under which IHOP will acquire Applebee's for $25.50 per share in cash, representing a total transaction value of approximately $2.1 billion. The transaction is expected to close on November 29, 2007, subject to satisfaction or waiver of additional customary closing conditions set forth in the merger agreement.

Applebee's International, Inc., headquartered in Overland Park, Kan., develops, franchises and operates restaurants under the Applebee's Neighborhood Grill & Bar brand, the largest casual dining concept in the world. As of November 25, 2007, there were 1,965 Applebee's restaurants operating system-wide in 49 states, 17 international countries, and two U.S. territories, of which 510 were company-owned. Additional information on Applebee's International can be found at the company's website (

Applebee's International, Inc.


Share this Story:


comments powered by Disqus

Franchise News Room »

News By Industry »

Featured Opportunities

Sky Zone
Sky Zone created, built and franchises the first of its kind wall-to-wall trampoline playing courts with unlimited purposes and endless possibilities.
Jersey Mike's Subs
Jersey Mike's, a fast-casual sub sandwich franchise with more than 1,500 locations open and under development nationwide, believes that making a sub...
ProSource is America's largest wholesale home improvement franchise; a truly unique B2B franchise model. Our owners enjoy strong cash flow with...
Put down the burger, the pizza or the nachos. Those categories are saturated and it is next to impossible to find real estate.
Roy Rogers Family Restaurants
There is no single factor that accounts for the powerful appeal of the Roy Rogers concept.

Subscribe to Express

A Franchise Update Media Production
Franchise Update Media | P.O. Box 20547 // San Jose, CA 95160 // PH. (408) 402-5681
Copyright © 2001 - 2017. All Rights Reserved.

In Loving Memory Of Timothy Gardner (1987-2014)