Message Font: Serif | Sans-Serif
No. of Recommendations: 0

Applebee's (NASDAQ:APPB) considers itself to be the largest "casual dining concept" in America, (not to be confused with fast food), both in terms of number of restaurants and market share. You want to be really good if you are going to go head-to-head with these folks. This summer, shares of O'Charley's (NASDAQ:CHUX), which competes with APPB, were cut in half after the restaurant operator reported a drop in same-restaurant sales. For the 26 weeks ended in June, revenues rose 21% to $488.9 million and net income rose 7% to $44.8 million.

Cut in half??!! Well, the price dropped significantly. (And it's dropping significantly today too.)

Print the post  


Live Video Event Monday!
The GP team is hosting a live video event on Monday at 4 p.m. ET. Don't worry if you can't make it — we'll have a replay and a transcript. Click for more!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.