Applebee’s
IHOP’s sister restaurant, Applebee’s also announced it would be shutting down several stores which were underperforming. There are 1,830 Applebee’s restaurants throughout America, Guam, Puerto Rico, and 15 other countries. Most of the branches are franchised, and only 70 are company-owned. Applebee’s is a subsidiary of DineEquity, which relocated the headquarters to Glendale recently. Refusing to move, the president, Steven Layt, resigned from Applebee’s leadership. The restaurant chain brings in a revenue of $2.5 billion, its total assets amount to $935 million and, it has 28,000 employees.
Applebee’s
Buffalo Wild Wings
Buffalo Wild Wings is a sports bar franchise with 1,238 branches throughout the fifty states in the US and headquarters located just north of Atlanta. Buffalo Wild Wings was established in 1982 and had revenue of $2 billion per year, though the operating income of the franchise has been dropping yearly. The company was recently bought by Arby’s parent company for $2.9 billion. This happened after the closures of many Buffalo Wild Wings across the US. The company announced there will be changes to its operating plan and menu to cope.
Buffalo Wild Wings
