Applebee's

Financing

TGI Friday's closures continue the bar & grill sector's long decline

The Bottom Line: The chain has been struggling in the U.S. for years as domestic consumers shift spending away from traditional bar & grill chains.

Operations

As sales slide, Applebee's touts value and menu innovation

The chain says promotions like $1 margaritas are working, but it's looking to do more on the permanent menu too.

The perk for new parents came from Women at Dine, one of the company’s staff resource groups. “The idea made great sense,” said new Chief People Officer Sarah Cannon-Foster.

The Dine Brands concepts said guests are gravitating toward discounts and opting for pickup over delivery as prices continue to rise.

The chain said it will finish 2023 with 25 to 35 fewer U.S. locations after identifying more underperforming stores.

The brands will also make their debuts in France, Belgium and the Netherlands through a partnership with Franklin Junction, which matches brands with “host kitchens” that sell their food for delivery only.

A new American Consumer Satisfaction Index survey shows the public perceives the sector as offering better quality for the money.

Value-hungry consumers continue to visit Applebee’s and IHOP. And executives said prices could start to ease soon.

Sarah Cannon-Foster will be in charge of helping the owner of Applebee’s, IHOP and Fuzzy’s develop talent across all levels of the business.

The franchisor plans to offer aggressive incentives and new prototypes to make opening restaurants more appealing. "We need to do our part," the new leader said.

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