Tag: restaurants
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D.C. restaurants struggle to stay open as pandemic relief dries up
Z Burger restaurant owner Peter Tabibian applied for a Paycheck Protection Program loan during the height of the pandemic to help keep his eateries in Tenleytown, Dupont Circle and Greenbelt afloat. Now, his handcrafted burger chain is grappling with inflation-driven surges in the cost of meat, rent and electricity, he says. “I didn’t raise my…
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IHOP, Applebee’s witnessing wealthier clientele dining at restaurants
Applebee’s and IHOP are seeing wealthier customers coming to their restaurants. The two chain restaurants saw sales from households earning more than $75,000 grow about 6-8% during its second quarter, according to CNN. Both restaurants are owned by Dine Brands. The network also reported that households earning under $50,000 had declined a few percentage points…