More than 100 Applebee’s, IHOP restaurants to close due to poor sales

GLENDALE, Calif. — As many as 135 Applebee’s restaurants and 25 IHOP restaurants could close this year due to poor sales, according to a statement released last week by parent company DineEquity, Inc.

DineEquity’s interim CEO Richard J. Dahl said 2017 will be a “transitional year” for Applebee’s.

“We are making the necessary investments for overall long-term brand health and expect to see improvement over the next year,” he said in the statement.

DineEquity noted that the numbers are revised expectations – the number of Applebee’s restaurants set to close is more than double what was previously expected. The number of expected IHOP closures is between two and seven more locations.

Company officials said in the release that “the expected closures will be based on several criteria, including franchisee profitability, operational results and meeting our brand quality standards.”

It’s not known at this time which locations will close.

There are three Applebee’s locations and 7 IHOP locations in Colorado Springs.

Additionally, the press release notes a 7 percent decline in sales for Applebee’s during the first six months of 2017. IHOP’s sales declined 2.6 percent for the second quarter.

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