Applebee's International Reports Fourth Quarter Earnings Per Share of 63 Cents; EPS Increases 20 Percent in 2000 to $2.40.

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Applebee's International Reports Fourth Quarter Earnings Per Share of 63 Cents; EPS Increases 20 Percent in 2000 to $2.40.

Business Editors

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Feb. 14, 2001

Applebee's International, Inc. (Nasdaq:APPB) today reported net earnings of $15.9 million, or 63 cents per share on both a basic and diluted basis, for the fourth quarter ended December 31, 2000. Reported earnings per share are consistent with the company's earlier release. Fourth quarter earnings per share represent an increase of 21 percent, as compared to 52 cents per share on both a basic and diluted basis for the fourth quarter of 1999 (excluding a 10 cent per share gain on the disposition of restaurants). Fourth quarter 2000 results include 14 weeks as compared to 13 weeks in the 1999 quarter.

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