Applebee's says it's closing about 80 locations

Applebee's announced Tuesday it will close as many as 80 restaurants nationwide as the chain continues to struggle attracting young diners.

The closures come just months after Applebee's parent company, DineEquity, announce it August it was closing more than 100 restaurants.

It's not clear which Applebee's locations would close, but according to Fortune, remaining locations will be judged on a number ofn criteria. 

“The expected closures will be based on several criteria, including meeting our brand and image standards as well as operational results,” DineEquity told Fortune in a statement.

DineEquity also announced it would close up to 40 IHOP locations, though it plans to open as many 100 new locations of the breakfast chain throughout the country.

DineEquity's stock has soared since the announcement, rising nearly 20 percent on Tuesday.

Alex Hider is a writer for the E.W. Scripps National Desk. Follow him on Twitter @alexhider.

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