In these times, even pancakes can’t cheer us up. The parent company of IHOP restaurants said sales fell 18.7 percent in the third quarter, triggering a review of underperforming locations. As many as 100 might be closed. “We’re evaluating only greatly underperforming restaurants that we currently believe are not viable coming out of the pandemic,” IHOP’s president, Jay Johns, said on an earnings call. The company, Dine Brands Global, also plans to close about 15
source https://therealdeal.com/2020/10/29/battered-ihop-could-close-up-to-100-restaurants/
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