IHOP 2013 Annual Report Download - page 58

Download and view the complete annual report

Please find page 58 of the 2013 IHOP annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 143

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143

37
The following tables summarize Applebee's and IHOP restaurant development and franchising activity.
Year Ended December 31,
2013 2012 2011
Applebee's Restaurant Development Activity
Total restaurants, beginning of year............................................................................ 2,034 2,019 2,010
New franchise openings ................................................................................... 26 34 24
Franchise closures ............................................................................................ (49) (19) (15)
Total restaurants, end of year...................................................................................... 2,011 2,034 2,019
Summary—end of year:
Franchise................................................................................................................ 1,988 2,011 1,842
Company................................................................................................................ 23 23 177
Total............................................................................................................ 2,011 2,034 2,019
Change over prior year ............................................................................................... (1.1)% 0.7% 0.4%
Applebee's Franchise Restaurant Activity
New franchise openings:
Domestic franchise openings................................................................................ 20 20 15
International franchise openings........................................................................... 6 14 9
Refranchised ......................................................................................................... — 154 132
Total restaurants franchised........................................................................ 26 188 156
Closings:
Domestic franchise ................................................................................................ (44) (6) (6)
International franchise........................................................................................... (5) (13) (9)
Total franchise closings .............................................................................. (49) (19) (15)
Net franchise restaurant (reductions) additions............................................... (23) 169 141
IHOP Restaurant Development Activity
Total restaurants, beginning of year............................................................................ 1,581 1,550 1,504
New openings:
Franchise .......................................................................................................... 54 47 52
Area license...................................................................................................... 4 1 6
Total new openings..................................................................................... 58 48 58
Closings:
Franchise .......................................................................................................... (17) (14) (8)
Area license...................................................................................................... (2) (2) (4)
Company .......................................................................................................... — (1) —
Total closings.............................................................................................. (19) (17) (12)
Total restaurants, end of year...................................................................................... 1,620 1,581 1,550
Summary—end of year:
Franchise................................................................................................................ 1,439 1,404 1,369
Area license ........................................................................................................... 168 165 166
Company................................................................................................................ 13 12 15
Total............................................................................................................ 1,620 1,581 1,550
Change over prior year ............................................................................................... 2.5% 2.0% 3.1%
IHOP Franchise Restaurant Activity
New franchise openings:
Domestic franchise openings................................................................................ 42 39 45
International franchise openings........................................................................... 11 8 7
Area license........................................................................................................... 5 1 6
Rehabilitated and refranchised.............................................................................. 1 9 3
Total restaurants franchised........................................................................ 59 57 61
Closings:
Domestic franchise ................................................................................................ (17) (15) (8)
Area license........................................................................................................... (2) (2) (4)
Total franchise closings .............................................................................. (19) (17) (12)
Reacquired by the Company....................................................................................... (2) (7) (7)
Net franchise restaurant additions..................................................................... 38 33 42