Applebee’s same-store sales boost DineEquity

Company’s 3Q earnings mark fourth consecutive quarter of improvement

Revitalization efforts at Applebee’s helped move third-quarter same-store sales into positive territory for the first time since early 2008, contributing to an upgraded outlook for the year, parent company DineEquity Inc. reported Tuesday.

The better-than-expected results sent the company’s stock climbing. In midday trading, the stock price was up nearly 15 percent to $48.65.

For the third quarter ended Sept. 30, domestic systemwide same-store sales f

Register to view the full article

Register to view this article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish