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Applebee's franchisee to close stores

May 25, 2018 3:03 PM ETDine Brands Global, Inc. (DIN) StockDINBy: Clark Schultz, SA News Editor4 Comments
  • Applebee's franchise operator RMH Franchise Holdings plans to close 10 to 20 restaurants as part of its bankruptcy reorganization, according to The Wall Street Journal's Becky Yerak.
  • Applebee's owner Dine Equity (DIN -1.7%) addressed the financial health of its franchisees during its Q1 earnings call, but didn't mention any expectation of closings.
  • Applebee's posted a solid 3.3% gain in comparable sales at U.S. stores in Q1.

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