In-N-Out raises California prices of Double-Double after minimum wage law [Yahoo! Finance]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: Yahoo! Finance
Since April 1, prices for a Double-Double burger, fries and a drink increased by $0.25 to $0.50 depending on locations, the burger chain confirmed. "We raised prices in California restaurants to accompany a raise given to the Associates at those locations," Chief Operating Officer Denny Warnick said in a statement Thursday. The Fast Act went into effect on April 1 offering fast food employees a $20 an hour starting wage , up from the previous $16 standard. Since its passing, executives at chains like McDonald's and Chipotle said they would increase prices to offset the wage increases. Prices increases reported in Los Angeles, San Francisco The Double-Double combo now costs $11.44 in Los Angeles County, a $0.76 increase from last year's price, according to KTLA-TV Price increases have also been reported at locations in San Francisco and Daly City, Bay Area station KRON-TV reported. The starting wage for In-N-Out employees in California is $22 to $23 per hour, Warnick said.
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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