IHOP and Applebee’s will be closing up to 120 more restaurant locations.
The parent company of both chains, Dine Brands Global, said 60-80 Applebee’s and 30-40 IHOP’s will close.
They did not list which locations they plan on shutting down.
Last year, the company shut down 99 Applebee’s restaurants along with 23 IHOP locations.
According to USA Today, the parent company hopes to buy and grow chains that offer ethnic and healthy food.
CEO Stephen Joyce said they plan to spend as much as $100 million on acquiring small, regional fast-casual chains by early 2019.