HomeBusinessWill In-N-Out raise prices due to California minimum wage law?

Will In-N-Out raise prices due to California minimum wage law?

Published on

In-N-Out President Lynsi Snyder has made a bold promise to customers in California by vowing to protect prices at the popular burger chain despite the state’s new minimum wage law. The Fast Act, which increased the starting wage for fast food workers to $20 an hour, prompted Snyder to resist significant price hikes that could impact customers. In a recent interview, Snyder expressed her dedication to maintaining affordability for loyal fans of In-N-Out.

While competitors like McDonald’s and Chipotle have announced price hikes to offset the higher labor costs brought on by the new minimum wage law in California, In-N-Out remains steadfast in its commitment to keeping menu prices stable. CEO Chris Kempczinski detailed plans to raise prices, reduce restaurant costs, and improve productivity to counteract the wage increases. In contrast, Snyder’s decision to resist raising prices and maintain a focus on customer service sets In-N-Out apart from other fast-food chains in the market. Despite facing challenges in the industry, In-N-Out remains dedicated to providing quality food at affordable prices for its customers.

Source link

Latest articles

Intel’s stock drops 20% due to announcement of 15,000 job cuts.

Intel's shares took a hit, dropping by 20% after the company announced plans to...

EUR/USD faces resistance at 1.0850 according to UOB Group – FXStreet

The EUR/USD pair is facing resistance at the 1.0850 level, according to analysts at...

Biden believes killing Hamas leader Haniyeh hinders ceasefire discussions – Reuters.

President Biden has stated that the killing of Hamas leader Ismail Haniyeh is not...

Pokemon Mystery Dungeon comes to Game Boy Advance – Nintendo Switch Online.

Nintendo Switch Online is expanding its Game Boy Advance library with the addition of...

More like this

Intel’s stock drops 20% due to announcement of 15,000 job cuts.

Intel's shares took a hit, dropping by 20% after the company announced plans to...

EUR/USD faces resistance at 1.0850 according to UOB Group – FXStreet

The EUR/USD pair is facing resistance at the 1.0850 level, according to analysts at...

Biden believes killing Hamas leader Haniyeh hinders ceasefire discussions – Reuters.

President Biden has stated that the killing of Hamas leader Ismail Haniyeh is not...