-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HbX+5ookPJRgAET9qZ1fOh+N2zcUpVbB3rkrHMNMR6wLXm1BigmC7CSgityS7JHA SF8DIeBIo3t7Aymc5ilAPQ== 0000853665-05-000102.txt : 20050707 0000853665-05-000102.hdr.sgml : 20050707 20050707130204 ACCESSION NUMBER: 0000853665-05-000102 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050707 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050707 DATE AS OF CHANGE: 20050707 FILER: COMPANY DATA: COMPANY CONFORMED NAME: APPLEBEES INTERNATIONAL INC CENTRAL INDEX KEY: 0000853665 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 431461763 STATE OF INCORPORATION: DE FISCAL YEAR END: 1225 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17962 FILM NUMBER: 05942845 BUSINESS ADDRESS: STREET 1: 4551 W 107TH ST STE 100 CITY: OVERLAND PARK STATE: KS ZIP: 66207 BUSINESS PHONE: 9139674000 MAIL ADDRESS: STREET 1: 4551 W 107TH STREET STREET 2: SUITE 100 CITY: OVERLAND PARK STATE: KS ZIP: 66207 8-K 1 june2005sales8k.txt JUNE SALES 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported) July 7, 2005 ----------------------------------------------- APPLEBEE'S INTERNATIONAL, INC. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) DELAWARE 000-17962 43-1461763 - ------------------------------ ---------------- ------------------------ (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 4551 W. 107th Street, Overland Park, Kansas 66207 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (913) 967-4000 - -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) None - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act 17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 2.02 Results of Operations and Financial Condition. On July 7, 2005, Applebee's International, Inc. (the "Company") issued a press release entitled "Applebee's International Reports June Comparable Sales; Updates Second Quarter and Fiscal Year 2005 Outlook." The release contains comparables sales for the second quarter of 2005 and is attached as Exhibit 99.1. Item 7.01 Regulation FD Disclosure The release also contains a Business Outlook section for fiscal year 2005. Item 9.01 Financial Statements and Exhibits (c) Exhibits. The following exhibits are filed herewith: 99.1 Applebee's International Reports June Comparable Sales; Updates Second Quarter and Fiscal Year 2005 Outlook 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 7, 2005 APPLEBEE'S INTERNATIONAL, INC. By: /s/ Steven K. Lumpkin ------------------------------- Steven K. Lumpkin Executive Vice President and Chief Financial Officer 3 EXHIBIT INDEX Exhibit Number Description - -------- ------------------------------------------------------------------- 99.1 Applebee's International Reports June Comparable Sales; Updates Second Quarter and Fiscal Year 2005 Outlook 4 EX-99 3 junesalespressrelease.txt JUNE SALES PRESS RELEASE FOR IMMEDIATE RELEASE Contact: Carol DiRaimo, Vice President of Investor Relations (913) 967-4109 Applebee's International Reports June Comparable Sales; Updates Second Quarter and Fiscal Year 2005 Outlook OVERLAND PARK, KAN., July 7, 2005 -- Applebee's International, Inc. (Nasdaq:APPB) today reported comparable sales for the five-week period ended June 26, 2005. System-wide comparable sales decreased 0.3 percent for the June period, and comparable sales for franchise restaurants increased 0.6 percent. Comparable sales for company restaurants decreased 3.0 percent, reflecting a decrease in guest traffic of 3.5 to 4.0 percent, combined with a higher average check. The company noted that both company and franchise comparable sales strengthened throughout the month. In June 2004, Applebee's had the highest comparable restaurant sales of all casual dining concepts as reported to Knapp-Track with a system-wide comparable sales increase of 6.8 percent. System-wide comparable sales for the second quarter of 2005 increased 1.6 percent, the 28th consecutive quarter of comparable sales growth. Comparable sales for company restaurants decreased 1.2 percent and franchise restaurant comparable sales increased 2.5 percent for the quarter. System-wide comparable sales for the year-to-date period through June have increased 2.7 percent, with franchise restaurant comparable sales up 3.7 percent and company comparable restaurant sales down 0.4 percent. BUSINESS OUTLOOK The company updated its guidance for both the second quarter and fiscal year 2005: o Diluted earnings per share for fiscal year 2005 are now expected to be in the range of $1.44 to $1.47, with diluted earnings per share for the second quarter expected to be $0.33 to $0.34. - more - July 7, 2005 Page 2 Other results for the second quarter ended June 26, 2005 included: o Applebee's ended the quarter with 1,722 restaurants system-wide (462 company and 1,260 franchise restaurants). During the second quarter of 2005, there were 30 new Applebee's restaurants opened system-wide, including 14 company and 16 franchised restaurants. o The company repurchased 1,931,700 shares of common stock in the second quarter at an average price of $25.67 for an aggregate cost of $49.6 million. As of June 26, 2005, $81.8 million remains available under the company's ongoing stock repurchase authorization. The company will release complete second quarter 2005 results after the market closes on July 27, 2005, and a conference call will be held on Thursday morning, July 28, 2005, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). The conference call will be broadcast live over the Internet and a replay will be available shortly after the call on the Investor Relations section of the company's website (www.applebees.com). Applebee's International, Inc., headquartered in Overland Park, Kan., develops, franchises and operates restaurants under the Applebee's Neighborhood Grill & Bar brand, the largest casual dining concept in the world. As of June 26, 2005, there were 1,722 Applebee's restaurants operating system-wide in 49 states and 12 international countries. Additional information on Applebee's International can be found at the company's website (www.applebees.com). Certain statements contained in this release, including fiscal year 2005 guidance as set forth in the Business Outlook section, are forward-looking and based on current expectations. There are several risks and uncertainties that could cause actual results to differ materially from those described, including but not limited to the ability of the company and its franchisees to open and operate additional restaurants profitably, the ability of its franchisees to obtain financing, the continued growth of its franchisees, and its ability to attract and retain qualified franchisees, the impact of intense competition in the casual dining segment of the restaurant industry, and its ability to control restaurant operating costs which are impacted by market changes, minimum wage and other employment laws, food costs and inflation. For additional discussion of the principal factors that could cause actual results to be materially different, the reader is referred to the company's current report on Form 8-K filed with the Securities and Exchange Commission on February 9, 2005. The company disclaims any obligation to update these forward-looking statements. # # # -----END PRIVACY-ENHANCED MESSAGE-----