Applebee's continues strategic review process

By Lisa Kerner

Charlotte, N.C., March 12 - Applebee's International, Inc. said its strategy committee is continuing its review of strategic alternatives for the company.

"After several months of work, we are deep into our review of the company's business plan and have more recently begun our evaluation of the company's financial strategies," Jack Helms, chairman of Applebee's strategy committee, said in a company news release.

"Our goal is to develop visible business and financial initiatives that maximize value for all shareholders. We are leaving nothing of significance out of our scope and have not yet reached any conclusions, preliminary or otherwise, on which strategy would be in the best interests of shareholders."

The committee said it should take an additional six to eight weeks to conduct its preliminary financial review and that it is focusing on Applebee's returns on capital, the mix of company-owned versus franchised restaurants, overhead cost structure and strategies for improving same-store sales.

Strategy committee members in addition to Jack Helms include Eric Hansen, Mike Volkema, Burton "Skip" Sack, a former Applebee's franchisee and executive, and Pat Curran.

The Overland Park, Kan., company develops, franchises and operates restaurants under the Applebee's Neighborhood Grill & Bar brand.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.