APPB Applied Biosciences Corporation (CE)

Applebee�s International, Inc. (Nasdaq:APPB) today reported comparable sales for the four-week period ended May 27, 2007. System-wide domestic comparable sales decreased 2.1 percent for the May period, while comparable sales for domestic franchise restaurants decreased 1.9 percent. Comparable sales for company restaurants decreased 2.9 percent, reflecting a decrease in guest traffic of between 3.0 and 3.5 percent, combined with a higher average check. Company restaurants lapped a menu price increase of approximately 1.5 percent taken at the beginning of the May 2006 period. Concurrent with the introduction of the company�s new menu this week, a price increase of approximately 1.3 percent was taken. The company noted that lunch traffic was positive during the month in company restaurants as a result of the Pick �N Pair menu. System-wide domestic comparable sales for the quarter-to-date period through May (eight weeks) have decreased 1.4 percent, with domestic franchise restaurant comparable sales down 1.3�percent and company comparable restaurant sales down 1.9 percent. 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 May 27, 2007, there were 1,938 Applebee�s restaurants operating system-wide in 49 states, 16 international countries, and one U.S. territory. Additional information on Applebee�s International can be found at the company�s website (www.applebees.com).