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 ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

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? 

Contact: Brian Galletta (813) 627-6722 Brian.galletta@penton.com or Desiree Torres (813)-627-6792 Desiree.Torres@penton.com

Already registered? here.