“We are investing in the empowerment of our brands by improving overall franchisee financial health, closing underperforming restaurants and enhancing the supply chain,” said Richard J. Dahl, chairman and interim CEO of DineEquity, Inc. “We are focusing on operations and elevating the guest experience, whether in our restaurants or off-premise. We believe 2017 will be a transitional year for Applebee's, and we are making the necessary investments for overall long-term brand health and expect to see improvement over the next year.”
Domestic, system-wide, comparable same-restaurant sales in the second quarter declined 2.6 percent for IHOP and 6.2 percent for Applebee’s. DineEquity revised domestic, system-wide, same-restaurant sales performances for the fiscal year. Revised expectations for Applebee’s are a decline in a range of 6 percent to 8 percent, which compared to a decline in a range of 4 percent to 8 percent previously estimated. Revised expectations for IHOP are a decline in a range of 1 percent and 3 percent, which compared to 0 percent to an increase of 3 percent previously estimated.