SHEBOYGAN — Applebee’s announced Thursday plans to close more than 100 restaurants by the end of 2017.
According to DineEquity, which owns Applebee’s and IHOP, the company expects to close between up to 135 restaurants. The company did not provide a timeline for the closures. DineEquity did say the closures would be based on “several criteria, including franchisee profitability, operational results and meeting our brand quality standards.”
Wisconsin Hospitality Group, an Applebee’s franchisee organization located in Waukesha, confirmed the Sheboygan location on South Taylor Drive will remain open. The group owns 33 Applebee’s restaurants in Southeast Wisconsin.
Applebee’s restaurant sales dropped seven percent in the first six months of the 2017 fiscal year according to a report from CNBC.