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Applebee's International, Inc

 

APPB

Applebee's develops, franchises and operates restaurants in the bar and grill segment of the casual dining industry under the name, Applebee's Neighborhood Grill & Bar. As of year end 2006, Applebee's had over 1,900 restaurants. Franchisees operated 1,409 of these restaurants and 521 restaurants were company-owned. The restaurants were located in 49 states, 16 countries outside of the United States and one United States territory. As of December, 2006, Applebee's had 75 franchise groups, including 31 international franchisees. During the year ended 2006, 143 new restaurants were opened, including 108 franchise restaurants and 35 company restaurants. In March 2007, the company announced that it is closing 24 of its 528 Company-owned restaurants.

 

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