In-N-Out raised prices in California amid minimum wage hike. How much do burgers cost now? [Yahoo! Finance]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: Yahoo! Finance
On April 1, the Irvine-based fast food chain raised its prices across the Golden State in response to California's new minimum wage increase for fast food workers , Chief Operating Officer Denny Warnick wrote Thursday in an email. The starting wage at In-N-Out locations in California is $22 to $23 an hour. On April 1, the minimum wage at fast food chains with more than 60 locations nationwide jumped to $20 an hour. That's the highest minimum wage in the United States restaurant industry and $4 more than other sectors. How much does an In-N-Out burger cost now in California? In an April interview with NBC's “Today” show, In-N-Out President Lynsi Snyder vowed to keep menu prices the same. “I was sitting in VP meetings going toe-to-toe saying, ‘We can't raise the prices that much. We can't,' ” Snyder told NBC. “Because I felt such an obligation to look out for our customers.” Despite Synder's assurances, prices at In-N-Out have gone up. The cost of food and drinks fluctu
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MCD
Earnings
- 4/30/24 - Miss
MCD
Sec Filings
- 6/21/24 - Form 4
- 6/21/24 - Form 144
- 6/11/24 - Form 11-K
- MCD's page on the SEC website