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Applebee’s and IHOP to close 160 Units

DineEquity Inc., the parent company of Applebee’s and IHOP, is planning to close up to 160 of the restaurants.

According to a Thursday news release from Dine Equity, 105-135 Applebee’s locations and 20-25 IHOP restaurants will close Previously, the company said it expected to close 40-60 Applebee’s restaurants and 18 IHOP restaurants.

“We are investing in the empowerment of our brands by improving overall franchisee financial health, closing underperforming restaurants and enhancing the supply chain,” Richard J. Dahl, chairman and interim chief executive officer of DineEquity Inc. said. “We are focusing on operations and elevating the guest experience, whether in our restaurants or off-premise.”

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