Applebee's Sales Rise

The stock gains too.
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Applebee's International

(APPB)

surged 9% after posting a solid January same-store sales gain.

The Overland Park, Kan., restaurant chain said systemwide domestic comparable sales rose 6.3% from a year ago, while comparable sales for domestic franchise restaurants increased 6.7%. Comparable sales for company restaurants added 5.3%, reflecting an increase in guest traffic of roughly 1%, combined with a higher average check. Systemwide comparable sales in the prior year were hurt by 2 points by severe winter weather.

Late Tuesday, Applebee's shares rose $2.13 to $24.50.