IHOP updates Applebee’s condition, recovery plan

NEW YORK Outlining turnaround plans for the newly acquired Applebee’s Neighborhood Grill & Bar brand, executives of IHOP Corp. stressed the opportunities but acknowledged to a roomful of financial analysts that proceeds from the sale of company-operated Applebee’s units may fall short of expectations.

Refranchising most of the 475 corporate stores was cited by IHOP during its pursuit of the casual-dining company as a key means of realizing Applebee’s value.

Register to view the full article

Register to view this article

Hide 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.