In the three months ending June 30, sales at Applebee's and IHOP, which are both owned by Dine Brands, grew about 6% to 8% among households earning over $75,000 per year, according to Dine CEO John Peyton.
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Richer people are eating more at Applebee's and IHOP
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.
