Applebee's Profile

Applebee's International, Inc. (Applebee's) develops, franchises and operates casual dining restaurants under the name Applebee's Neighborhood Grill & Bar. The Company had over 1,800 restaurants during the fiscal year ended December 25, 2005 (fiscal 2005). As of December 25, 2005, there were 1,804 Applebee's restaurants. Franchisees operated 1,318 of these restaurants and 486 restaurants were company operated. The restaurants were located in 49 states and 14 countries outside of the United States. During fiscal 2005, 144 new restaurants were opened, including 92 franchise restaurants and 52 company restaurants. During the fiscal year ended December 26, 2004 (fiscal 2004), the Company launched an alliance with Weight Watchers to offer Weight Watchers-branded menu alternatives to its guests. It has 10 Weight Watcher items on the menu. For the thirteen weeks ended 26 March 2006, Applebee's International Inc.'s revenues rose 13% to $344.3M. Net income fell 14% to $27.2M. Revenues reflect an increase in company restaurants sales and franchise royalties & fees. Net income was offset by an increase in general & administrative expenses, the presence of impairment & other restaurent closure costs and higher loss on disposition of fixed assets.