(via WCMH & WOOD TV 8) — The parent company of Applebee’s and IHOP says it expects to close 160 restaurants by the end of the fiscal year.
DineEquity Inc. announced the closures in its second quarter fiscal 2017 results.
The company says it will close between 105 and 135 Applebee’s restaurants. The company said in May it would close between 40 and 60 locations.
Applebee’s expects to open between 20 and 30 new restaurants in 2017, the majority of which will be outside the US.
Read the full story at WOODTV.com.