GLENDALE Calif. DineEquity Inc. downgraded its full-year sales outlook for the Applebee’s chain after reporting a drop of 1.7 percent in systemwide same-store sales for the second quarter. The company reiterated positive sales growth expectations for sister brand IHOP, officials said Thursday. The news of a slower-than-expected turnaround at Applebee’s sent DineEquity shares plunging as much as 30 percent to a new annual low during trading early Friday. The stock rebounded later that ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now.We promise it will only take a few minutes!
Questions about your account or how to access content?