As many as 100 underperforming IHOP restaurants in the U.S. could be closed over the next six months, their parent company said, as they have taken a blow from Covid-19 indoor-dining restrictions.
Dine Brands Global Inc. on Wednesday said its sales for the third quarter ended in September fell 18.7% to $176.6 million, though it booked gains from delivery, online and takeout orders. As of Sept. 30, some 1,595 of 1,614 Applebee’s restaurants and 1,425 of 1,683 IHOP restaurants in the U.S. were open for in-restaurant dining,…
