According to information released on Thursday, Aug. 10, by DineEquity, same-store sales at Applebee’s and IHOP slumped over the last year. DineEquity is the parent company of both Applebee’s and IHOP.
According to DineEquity’s published second quarter fiscal 2017 results, domestic system-wide comparable same-restaurant sales declined 2.1% at IHOP and declined 7.0% at Applebee’s.
Richard J. Dahl, Chairman and interim Chief Executive Officer of DineEquity, said that the company would close underperforming locations while investing in online options for ordering and delivery.
The company did not specify which locations were being considered for closure.
Local restaurant locations
There are ten Applebee’s restaurants within about fifteen miles of northwest Orange County, including Orange County locations in Anaheim, Fountain Valley, and Santa Ana.
IHOP has twenty-nine nearby restaurants in both Los Angeles and Orange Counties, including locations in Cypress, Buena Park, four in Anaheim, and two in Huntington Beach.