DineEquity to Close 160 Applebee’s and IHOP Locations

Image result for applebees ihop

DineEquity, the parent company of Applebee’s and IHOP, has recently announced plans to close up to 160 restaurant locations before the end of 2017. This is due to poor second quarter sales in 2017, along with the continued decrease in popularity of casual-dining restaurants.

USA Today notes that Applebee’s will close 105 to 136 restaurants, while IHOP is expected to close up to 25 locations.

The exact locations that will be closing and closing dates have not yet been released.  According to NBC, franchisee profitability, operational results and brand quality standards will be taken into consideration.

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