‘Rich’ people reportedly head to Applebees, IHOP during high inflation

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‘Rich’ people reportedly head to Applebees, IHOP during high inflation
France Dernières Nouvelles,France Actualités
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“We perform well during tough times like this,” said parent company Dine Brands chief executive John Peyton told the Post on how inflation has impacted its business.

There are three factors that could lead to inflation which include demand-pull inflation, cost-push inflation and built-in inflation.

Applebee’s and IHOP claim "richer" people are "trading down," to enjoy the chain’s well-known burgers and pancakes.

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