Richer people are eating more at Applebee’s and IHOP
By Danielle Wiener-Bronner, CNN Business Cash-strapped consumers are starting to trade down, swapping higher-priced goods for more affordable alternatives. That’s good news for Applebee’s and IHOP. In the three months ending June 30, sales at the two chains, which are both owned by Dine Brands, grew about 6% to 8% among households earning over $75,000
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