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Applebee's International Reports September Comparable Sales.


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 Kan, river, China: see Gan. . -- Applebee's International, Inc. (Nasdaq:APPB APPB Array Processor with Pipelined Bus
APPB Application Builder
) today reported comparable sales for the five-week period ended September 30, 2007.

System-wide domestic comparable sales increased 0.6 percent for the September period, while comparable sales for domestic franchise restaurants increased 0.5 percent. Comparable sales for company restaurants increased 0.7 percent, reflecting a decrease in guest traffic of approximately 3.0 percent, combined with a higher average check.

The company noted that there were two additional weeks of television advertising in the period as compared to last year, and that the current Ultimate Trios promotion has been very popular with guests. In addition, company sales and traffic in the last two weeks of the period benefited from the drop of a free-standing free-standing Managed care adjective Referring to a physically and, often, financially discrete entity–eg, a surgical center, that is separate from, but may be affiliated with, a hospital; FS facilities may provide ambulatory surgery, emergency or  insert (FSI FSI Foreign Service Institute
FSI Fluid Structure Interaction
FSI Fuel Stratified Injection
FSI Federazione Scacchistica Italiana (Italian Chess Federation)
FSI Free Standing Insert
FSI Flight Simulator
) on September 16 in markets representing approximately 75 percent of company restaurants. The FSI featured an introductory trial incentive for a free Dessert Shooter (valued at $1.99) with the purchase of an entree on one side and Ultimate Trios on the reverse side. The company estimates that the FSI positively impacted comparable sales and traffic at company restaurants by approximately 1 percent in the period.

System-wide domestic comparable sales for the third quarter of 2007 decreased 0.3 percent. Comparable sales for company restaurants decreased 0.2 percent and domestic franchise restaurant comparable sales decreased 0.4 percent for the quarter. System-wide domestic comparable sales for the year-to-date Year-to-date (YTD)

The period beginning at the start of the calendar year up to the current date.
 period through September have decreased 1.8 percent, with domestic franchise restaurant comparable sales down 1.7 percent and company comparable restaurant sales down 2.0 percent.

The company expects to release complete third quarter 2007 results the week of October 29, 2007.

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:
  • Grill (cooking), a device or surface used for cooking food, usually fueled by gas or charcoal.
  • Grilling, a form of cooking that involves direct heat.
  • A restaurant that serves grilled food, such as a "bar and grill".
 & Bar brand, the largest casual dining concept in the world. As of September 30, 2007, there were 1,953 Applebee's restaurants operating system-wide in 49 states, 17 international countries, and one U.S. territory, of which 510 were company-owned. Additional information on Applebee's International can be found at the company's website (www.applebees.com).
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Article Type:Financial report
Date:Oct 3, 2007
Words:349
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