Fewer Nuggets, Smaller Salads: Shrinkflation Hits US Restaurant Diners [Business News Network (BNN) (Canada)]
Domino's Pizza Inc (DPZ)
Last domino's pizza inc earnings: 4/23 07:30 am
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Source: Business News Network
Call it shrinkflation: when sizes shrink, but you're paying the same price, or sometimes even more, for the meal or product. America's restaurants are in the same boat as the rest of the country, battling the soaring food and fuel costs that recently helped send US inflation to a 40-year high. Eateries have hiked prices, too. Government data Wednesday showed costs for food away from home have climbed 7.2% over the past 12 months. But now, restaurant operators are starting to worry about how much more they can raise the tab before diners start to balk, especially for something that's considered optional spending. So companies are instead coming up with some behind-the-scenes strategies to crimp costs, hence the shrinking portions. At Subway Restaurants across the US, rotisserie chicken wraps and sandwiches have less meat. Domino's Pizza Inc. has cut down orders of boneless wings from 10 pieces to eight, and diners at Burger King will see the same reduction for their nugget meals. T
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DPZ
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- 2/26/24 - Beat
DPZ
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- 4/3/24 - Form 4
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- 4/3/24 - Form 4
- DPZ's page on the SEC website