Restaurants weigh price increases after California raises minimum wage

United States News News

Restaurants weigh price increases after California raises minimum wage
United States Latest News,United States Headlines
  • 📰 10News
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 50%

Justin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.

Top fast food restaurants McDonald's and Chipotle said some price increases will be coming in California as the state enacts a higher minimum wage for workers.

McDonald’s was among several companies objecting to the previous law. According to state data, In-N-Out, Chipotle, McDonald's and Chick-fil-A each spent over $11 million to oppose the $22 minimum wage law. "It's going to be a pretty significant increase to our labor," Chipotle Chief Financial Officer Jack Hartung said in a call with investors."We haven't made a decision on exactly what level of pricing we're going to take. But to take care of the dollar cost of that and/or the margin part of that, we haven't decided yet where we will land. It's going to be a mid to high single-digit price increase, but we are definitely going to pass this on.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

10News /  🏆 732. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Senators want insurers to cover over-the-counter birth controlSenators want insurers to cover over-the-counter birth controlJustin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Read more »

Georgia restaurant issues surcharges for 'parents unable to parent'Georgia restaurant issues surcharges for 'parents unable to parent'Justin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Read more »

Stellantis says UAW strike cost over $3 billionStellantis says UAW strike cost over $3 billionJustin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Read more »

What are the Teal, Blue Pumpkin Projects?What are the Teal, Blue Pumpkin Projects?Justin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Read more »

UNICEF director: Gaza on the verge of a 'catastrophe'UNICEF director: Gaza on the verge of a 'catastrophe'Justin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Read more »

Analyst says new NBA rule puts more emphasis on regular seasonAnalyst says new NBA rule puts more emphasis on regular seasonJustin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Read more »



Render Time: 2025-02-21 02:44:41