Dine Brands Reduces New Domestic Development Activity Target For Applebee's Franchisees To 25-35 Net Fewer Restaurants (Versus 10-20 Net Fewer Restaurants Previously)
Portfolio Pulse from Benzinga Newsdesk
Dine Brands has revised its new domestic development activity target for Applebee's franchisees to 25-35 net fewer restaurants, compared to the previous target of 10-20 net fewer restaurants.
August 04, 2023 | 12:57 pm
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Dine Brands' decision to reduce the new domestic development activity target for Applebee's franchisees could potentially impact the company's growth prospects.
The reduction in the new domestic development activity target for Applebee's franchisees indicates a potential slowdown in the company's expansion plans. This could potentially impact Dine Brands' growth prospects and may negatively affect its stock price in the short term.
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