Applebee's International Reports November Comparable Sales; Company to Present at NASDAQ Consumer and Financials Forum.OVERLAND PARK Overland Park, city (1990 pop. 111,790), Johnson co., NE Kans., a residential suburb of Kansas City; inc. 1960. There is printing and publishing, and the manufacture of apparel, aircraft parts, cement, prepared foods, salt, chemicals, marine accessories, and signs. , Kan. -- Applebee's International, Inc. (Nasdaq:APPB APPB Array Processor with Pipelined Bus APPB Application Builder ) today reported comparable sales for the four-week period ended November 21, 2004. System-wide comparable sales increased 4.1 percent for the November period, and comparable sales for franchise restaurants increased 4.8 percent. Comparable sales for company restaurants increased 1.9 percent, reflecting an increase in guest traffic of between zero and 0.5 percent, combined with a higher average check. System-wide comparable sales for the quarter-to-date period through November (eight weeks) have increased 2.9 percent, with company and franchise restaurant comparable sales up 0.7 percent and 3.7 percent, respectively. The company reaffirmed its guidance for diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of of $0.28 to $0.30 for the fourth quarter of 2004 and $1.30 to $1.32 for fiscal year 2004. The company will be presenting at the NASDAQ Consumer and Financials Forum to be held in London on Friday, December 3, 2004, at 4:15 a.m. Central Time. A webcast of the presentation will be available over the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at http://www.wallstreetwebcasting.com/webcast/nasdaq3/appb. The presentation will also be available at the Investor Relations Investor relations The process by which the corporation communicates with its investors. section of the company's website (www.applebees.com). The archived webcast will be available for two weeks following the presentation. Applebee's International, Inc., headquartered in Overland Park, Kan., develops, franchises and operates restaurants under the Applebee's Neighborhood Grill Grill may refer to: In food:
Certain statements contained in this release, including fourth quarter and fiscal year 2004 earnings per share guidance, are forward-looking and based on current expectations. There are several risks and uncertainties that could cause actual results to differ materially from those described, including but not limited to the ability of the company and its franchisees to open and operate additional restaurants profitably, the ability of its franchisees to obtain financing, the continued growth of its franchisees, and its ability to attract and retain qualified franchisees, the impact of intense competition in the casual dining segment of the restaurant industry, and its ability to control restaurant operating costs operating costs npl → gastos mpl operacionales which are impacted by market changes, minimum wage and other employment laws, food costs and inflation. For additional discussion of the principal factors that could cause actual results to be materially different, the reader is referred to the company's current report on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. filed with the Securities and Exchange Commission on February 11, 2004. The company disclaims any obligation to update these forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . |
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