Applebee’s CFO breaks silence after announcing up to 35 locations closing across US saying he’s ‘pulling every lever’ ...Middle East

The U.S. Sun - News

THE massive restaurant chain has announced plans to shutter 25 to 35 locations this year alone. Applebee’s is adding to its closures as back in 2017, around 300 restaurant locations shut down. Applebee’s confirms it will close up to 35 locations this yearAlamy Chief financial officer, Vance Chang, said in a recent earnings call that the brand intends to close up to 35 restaurants as part of a “new development strategy.” President of Applebee’s Tony Moralejo assured those on the call that “closures aren’t a sign of struggling franchisees.” Mr. Moralejo added that the brand is “pulling every lever” they have to offset the closings. This includes rebuilding the slated closure

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Last updated : 04 March 2024 clock 07:48 PM

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Applebee’s CFO breaks silence after announcing up to 35 locations closing across US saying he’s ‘pulling every lever’ ...Middle East

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