APPLEBEE’S RESTAURANTS ARE DISAPPEARING ACROSS THE US

APPLEBEE’S RESTAURANTS ARE DISAPPEARING ACROSS THE US

APPLEBEE’S RESTAURANTS ARE DISAPPEARING ACROSS THE US


[3/4/17]  Applebee’s will close between 40 and 60 locations this year.

DineEquity, Applebee’s parent company, confirmed the news Wednesday.



“We believe that restaurant closures are an important tool to preserving the financial health of the system,” acting CEO Richard Dahl said in a call to investors this week. The company’s CEO and CFO have both resigned in recent weeks.

DineEquity reported fourth quarter earnings this week. Revenue was down 10% to $154.2 million from $171.3 in the same quarter last year. Adjusted earnings per share were $1.37 compared to $1.59 in the same period of 2015, driven by lower gross profit. This was caused by a 7.2% decline in Applebee’s same-store sales, said interim CFO Gregg Kalvin.

Read Original Article HERE
View More HERE
View MoreGovernment Slaves HERE

Previous Are GMO potatoes already here?
Next George W. Bush on fondness for Michelle Obama: ‘We just took to each other’

About author

You might also like

Government Slaves 0 Comments

UK SCHOOLS TO START INDOCTRINATING CHILDREN WITH TRANSGENDERISM “NORMALIZATION” PROPAGANDA

http://ift.tt/2iJUqjF [1/12/17]  VICKI BATTS–  The United Kingdom will be launching a new book about transgenderism that will be targeted at school-aged children as young as seven. The books

Government Slaves 0 Comments

FBI WARNED CLINTON EMAILS WERE VULNERABLE TO ‘FOREIGN GOVERNMENT ESPIONAGE’ IN 2015

Home › POLITICS | US NEWS › FBI WARNED CLINTON EMAILS WERE VULNERABLE TO ‘FOREIGN GOVERNMENT ESPIONAGE’ IN 2015 FBI WARNED CLINTON EMAILS WERE VULNERABLE TO ‘FOREIGN GOVERNMENT ESPIONAGE’ IN

Government Slaves

JON RAPPOPORT: ANTI-LOGIC, THE EDUCATION PLAGUE

JON RAPPOPORT: ANTI-LOGIC, THE EDUCATION PLAGUE [3/5/17]  In all times and places, logic is never taught to the masses. There is no intention to do so. Now, in