Applebee's Plans to Shutter Dozens of Restaurants This Year—Here's Why

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We adhere to structured guidelines for sourcing information and linking to other resources, including medical journals and scientific studies. If you have any concerns about the accuracy or timeliness of our content, please reach out to our editors by e-mailingearnings call that they expect to see between 25 to 35 net restaurant closures in 2024. The reason? According to Applebee's President Tony Moralejo, many of the restaurants they decide to close are located in trade areas where they're struggling to perform. He added that shuttering a restaurant is"an incredibly difficult decision" and a"last resort" for the company and its franchisees.in recent years.

"We are positioning Dine Brands to take advantage of and aggressively pursue growth opportunities across each of our brands," Peyton said in aat the time."Scott's leadership, together with a realignment of and incremental addition to internal resources, expanded capabilities, and targeted investments, will allow Dine to prioritize development as the key growth driver for near and long-term growth.

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