OVERLAND PARK Kan. Continued soft sales, charges for restaurant closures and expenses related to the company's review of strategic alternatives drove first-quarter profit at Applebee's International Inc. down 65.1 percent from a year ago. The casual-dining company's revenues fell 0.3 percent to $337.6 million on a systemwide same-store sales drop of 4 percent.For the quarter ended April 1, net income totaled $9.5 million, or 13 cents per share, down from $27.2 million, or 36 cents per ...
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Contact: Desiree Torres Desiree.Torres@penton.com