Why Applebee's is focusing on unit growth after years of rightsizing

One of the takeaways from Dine Brands’ earnings call Wednesday morning is that its Applebee’s system plans to close 25 to 35 restaurants this year. Dine Brands CEO John Peyton notes that this is not a right-sizing effort but rather a “deliberate effort to allow franchisees to close unprofitable restaurants, where the market may have moved away from them.”