×
0 0 0 0 -0.00490196078431362 0.0196078431372549 0 0.00490196078431384
Stockreport

Applebee's is closing up to 135 locations across the US after ditching its 'Middle America roots' to win over millennials (DIN) [The Business Insider]

RUBY TUESDAY (RT)  More Company Research Source: The Business Insider
US:NYSE Investor Relations: rubytuesday.com/investors/ir-home
PDF Applebee's is closing up to 135 locations across the US after ditching its 'Middle America roots' to win over millennials Applebee's locations are disappearing across the US. On Thursday, executives announced that the chain plans to close between 105 and 135 locations this year. "We are long overdue in rationalizing the size of our system and closing poorly performing restaurants," Dine Equity CEO Richard Dahl said in a call with investors. In March, Applebee's said that it planned to close 40 to 60 locations in 2017 . In 2016, Applebee's closed 46 locations. Dine Equity, which also owns IHOP, reported that its net income in the second quarter was $20.9 million, down from $26.4 million in the same quarter last year. Applebee's same-store sales decreased 7% in the quarter. Executives blamed difficulties in part on Applebee's attempt to win over millennial diners. Applebee's tried to win over millennials by modernizing the brand with changes such as installing wood fire grills in all [Read more]

IMPACT SNAPSHOT EVENT TIME: RT
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

Don't Miss Out On The Next BIG Stock Move
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS
Opt-in for
RT alerts
from News Quantified
Opt-in for
RT alerts

from News Quantified
Opt-in for
RT alerts

from News Quantified