Applebee's and IHOP closes up to 160 restaurants - ForumDaily
The article has been automatically translated into English by Google Translate from Russian and has not been edited.
Переклад цього матеріалу українською мовою з російської було автоматично здійснено сервісом Google Translate, без подальшого редагування тексту.
Bu məqalə Google Translate servisi vasitəsi ilə avtomatik olaraq rus dilindən azərbaycan dilinə tərcümə olunmuşdur. Bundan sonra mətn redaktə edilməmişdir.

Applebee's and IHOP closes up to 160 restaurants

Фото: Depositphotos

DineEquity, parent company Applebee's and IHOPplans to close to 160 restaurants, significantly increasing the number of fast-food restaurants.

Applebee's will close from 105 to 135 restaurants, and IHOP - from 20 to 25 establishments. At the same time, the two chains will now open 125 restaurants worldwide, said DineEquity.

The segment of family restaurants, where both chains are located, faced serious problems. More and more customers to fast food restaurants, such as Panera Bread or Chipotle Mexican Grill, many of which offer healthier and more upscale foods.

Officials DineEquity sure that closing restaurants will help in the long run.

“We are investing in expanding the capabilities of our brands by improving the overall financial health of franchises, closing underperforming restaurants and improving our supply chain,” the interim CEO said in a statement DineEquity Richard Dahl.

The company refused to publish a list of places that will be closed.

DineEquity reported that net income in the second quarter fell from $ 26,4 million, or $ 1,45 per share, to $ 20,9 million, or $ 1,18 per share.

According to the company, in the second quarter of the year 2017 sales Applebee's network-wide comparable restaurants were down 6,2%, while IHOP decreased by 2,6% over the same period.

«IHOP is holding its own despite weak sales this quarter. I am optimistic about the growth of both high-performing franchise restaurants and system sales,” Dahl said.

DineEquity confirmed its plan to open from 20 to 30 companies Applebee's, mainly abroad, and revised its plan for opening from 80 to 95 restaurants IHOPmainly in the USA.

“Restaurant closures are normal business in the industry, especially when you have as much volume as we have,” said Amy Myson, senior vice president of global communications and consumer value. “They are either in a lost trading zone or are closing due to unprofitability in a fragile economy.”

On Thursday, the company called Stephen Joyce, the former CEO Choice Hotels, its new CEO. He replaces Julia Stewart, who resigned in February. Financial director DineEquity Thomas Emrie resigned in March, but the replacement has not yet been found.

shares DineEquity sell at $ 38,7, which is $ 1,42 or 3,81% higher in the second half of the auction.

Read also on ForumDaily:

Who and how much tip Americans leave

What Americans eat: borrowed fast food, lack of calories and pepper sweets

9 errors that we make in the bar

Food in social networks: to post or not - that is the question

Top 10 restaurants in the USA, accessible only by appointment

19 ways to save in a restaurant

15 personal finance mistakes that most Americans make

How much can you save on restaurants and what to spend this money

Miscellanea In the U.S. restaurants
Subscribe to ForumDaily on Google News

Do you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram  and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis. 



 
1077 requests in 1,101 seconds.