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Article: APPLEBEE'S REPORTS 52 PERCENT NET EARNINGS INCREASE FOR THIRD QUARTER OF 1995 AND REACHES $1 BILLION IN SYSTEM-WIDE SALES
- Article from:
- PR Newswire
- Article date:
- October 27, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OVERLAND PARK, Kan., Oct. 27 /PRNewswire -- Applebee's International, Inc. (Nasdaq: APPB) today reported record net earnings of $8,239,000, or 28 cents per share, for its third quarter ended September 24, 1995. This is a net earnings increase of 52 percent over pro forma net earnings of $5,416,000, or 20 cents per share, for the third quarter of 1994. For the 39 weeks ended September 24, 1995, pro forma net earnings were $19,303,000, or 67 cents per share, a 48 percent increase over pro forma net earnings of $13,074,000, or 47 cents per share, for the comparable period in 1994. Excluding one-time merger costs of $1,770,000 related to the company's acquisition of ...