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APPLEBEE'S INTERNATIONAL DECLARES TWO-FOR-ONE SPLIT

 KANSAS CITY, Mo., May 17 /PRNewswire/ -- Applebee's International, Inc., (NASDAQ-NMS: APPB) today declared a two-for-one split of the company's common stock, to be effected in the form of a 100 percent stock dividend. The dividend is payable on June 25, 1993, to shareholders of record on June 4, 1993.
 Abe J. Gustin, chairman and CEO, said, "With the excellent growth we continue to experience in the Applebee's system, plus the strong upward momentum of our stock over the last year, we intend to maintain both strong liquidity and an attractive trading range for our investors.
 On May 11, 1993, Applebee's reported strong first quarter net earnings of $1,879,000, or 27 cents per share, an increase of 110 percent over net earnings of $894,000, or 19 cents per share in last year's first quarter.
 Applebee's common stock closed Friday, May 14, 1993, on the National Market System at $35-1/4, on volume of 194,100 shares. The company had 7,269,818 shares of common stock outstanding at the end of the first quarter.
 Applebee's International, Inc., headquartered in Kansas City, develops, franchises and operates a rapidly expanding national chain of 271 restaurants in 36 states, under the trademark Applebee's Neighborhood Grill and Bar.
 -0- 5/17/93
 /CONTACT: Jack Falker of Swenson Falker Eilertsen, 612-371-0000, for Applebee's; George Shadid or Sue Carroll of Applebee's International, 816-421-2501/
 (APPB)


CO: Applebee's International, Inc. ST: Missouri IN: REA SU:

AL -- MN002 -- 8955 05/17/93 07:00 EDT
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Publication:PR Newswire
Date:May 17, 1993
Words:248
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