Applebee's International (APPB) Reports August Same-Store Sales
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Applebee's International, Inc. (Nasdaq: APPB) reported comparable sales for the four-week period ended August 20, 2006.
System-wide domestic comparable sales decreased 2.7% for the August period, while comparable sales for domestic franchise restaurants decreased 3.1%.
Comparable sales for company restaurants decreased 1.6%, reflecting a decrease in guest traffic of between 2.5 and 3.0%, combined with a higher average check.
System-wide domestic comparable sales for the quarter-to-date period through August (eight weeks) have decreased 3.2%, with domestic franchise restaurant comparable sales down 3.3% and company comparable restaurant sales down 2.8%.
System-wide domestic comparable sales decreased 2.7% for the August period, while comparable sales for domestic franchise restaurants decreased 3.1%.
Comparable sales for company restaurants decreased 1.6%, reflecting a decrease in guest traffic of between 2.5 and 3.0%, combined with a higher average check.
System-wide domestic comparable sales for the quarter-to-date period through August (eight weeks) have decreased 3.2%, with domestic franchise restaurant comparable sales down 3.3% and company comparable restaurant sales down 2.8%.
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