0 Comments
Although it is not exactly clear what has happend to Applebee's lately, fast casual consumers should not panic just yet.  Even though, unfortunately, this family-friendly fast casual has posted earnings for its third quarter of $22.1 million, or $0.28 per share, a 23% drop from last year. And while revenue climbed 8.6% to $305.3 million, it still came up short of expectations. And even though Applebee's did manage its 29th consecutive quarter of same-store sales growth, an increase of 0.9% is nothing to write home about. Company restaurants continue to falter, with comps falling 1.6%. Franchise locations, meanwhile, kept the streak alive, with a 1.8% gain.
 
But take heart, your fast casual fans, most trends continue to point upward in the area of dining out, Applebee's is well-positioned to continue to be a dining destination for many folks. Its history of modest growth, sustainable expansion plans, and an expanding marketplace should bode well for Applebee's, as well as for its investors who show a little patience. A 233% dividend hike and aggressive stock repurchases should also help appease shareholders in the meantime.
 

Related Content

Reader Comments

Add a Comment

We welcome your thoughtful comments. All comments will display your real name.

Want to participate in the discussion?

Or log in for complete access.

  • Clear
  • Post
Be the first to post a comment for this story.
Products & Services

Cooked Chicken Strips | Burke Corporation

http://global.networldalliance.com/new/images/products/SpecialtyThumbNail.gif

1262/Cooked-Chicken-Strips-Burke-Corporation

VGS ecoLogical™ - earth-friendly Menu and Signage Solutions

http://global.networldalliance.com/new/images/products/Great_Harvest_100.jpg

3671/VGS-ecoLogical-earth-friendly-Menu-and-Signage-Solutions

Interior Signage & Graphics

http://global.networldalliance.com/new/images/products/4145.png

4145/Interior-Signage-Graphics

Mobile Apps and Free Mobile Web Access

http://global.networldalliance.com/new/images/products/4921.png

4921/Mobile-Apps-and-Free-Mobile-Web-Access

Dry Soak Beans

http://global.networldalliance.com/new/images/products/dry_soak_bean_salad_100.jpg

1756/Dry-Soak-Beans

National Service Center Systems Integration

http://global.networldalliance.com/new/images/products/275.png

275/National-Service-Center-Systems-Integration

HotSchedules GoHire

http://global.networldalliance.com/new/images/products/4916.png

4916/HotSchedules-GoHire

Triple Take™ Dispenser

http://global.networldalliance.com/new/images/products/4888.png

4888/Triple-Take-Dispenser

Table Turners No-Rinse Sanitizing Wipes

http://global.networldalliance.com/new/images/products/4886.png

4886/Table-Turners-No-Rinse-Sanitizing-Wipes

Self Order Kiosks

http://global.networldalliance.com/new/images/products/5011.png

5011/Self-Order-Kiosks

Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.
Infographic: Top 12 Benefits of Digital Menu Boards