Little Caesars raises price of famous $5 pizza for first time in 25 years

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Little Caesars raises price of famous $5 pizza for first time in 25 years
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Little Caesars' latest version of Hot-N-Ready pizza will have more pepperoni

is bumping the price of its famous Hot-N-Ready pizza above $5 for the first time in a quarter-century, according to reports.

"Our franchisees were highly accepting of this proposition. They want to treat their customers like gold and make sure they get the best product possible and they love the idea of more pepperoni," he told Fortune. "We think we’ve got something good here with delivery and our Pizza Portal and our Hot-N-Ready pizza. We’ve got a good structure to really drive overall growth."

Scrivano said Little Caesars has been able to skirt some supply chain pressures because it owns Blue Line Foodservice. The company also has sought to mitigate labor shortage and retention issues seen at other brands by increasing wages across the board and offering flexible schedules and growth opportunities.

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