In-N-Out burger heiress fought 'toe-to-toe' to keep costs down amid minimum wage hike [FOX Business Network]
Restaurant Brands International Inc. Common Shares (QSR)
Last restaurant brands international inc. common shares earnings: 5/1 06:30 am
Check Earnings Report
US:NYSE Investor Relations:
rbi.com/investor-home
Company Research
Source: FOX Business Network
The owner of the famed In-N-Out burger chain says she fought to keep costs down in California as legislation bumping up the minimum wage took effect. "I was sitting in VP meetings going toe-to-toe saying ‘we can't raise the prices that much, we can't,'" In-N-Out President Lynsi Snyder said in a Wednesday interview with TODAY , adding that she felt "an obligation to look out for our customer." Snyder, the chain's billionaire heiress, who took over the chain 14 years ago and helped the company weather a pandemic and persisting inflation, is far from the first to raise an issue with the legislation, which forced a slew of eateries to raise prices or close down some locations to offset the costs. Fox Business reached out to In-N-Out for comment. Under the law, the minimum wage rose from $16 to $20 for restaurants that have at least 60 locations nationwide, except those that make and sell their own bread. This equates to an annual salary of $41,600. Gov. Gavin Newsom signed the
Show less
Read more
Impact Snapshot
Event Time:
QSR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
QSR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
QSR alerts
High impacting Restaurant Brands International Inc. Common Shares news events
Weekly update
A roundup of the hottest topics
QSR
News
- Restaurant Brands International Inc. (NYSE: QSR) had its price target raised by analysts at Scotiabank from $80.00 to $81.00. They now have an "outperform" rating on the stock.MarketBeat
- Down 6% YTD, Will Restaurant Brands Stock Gain Following Q1 Results? [Forbes]Forbes
- Unveiling Restaurant Brands (QSR) Q1 Outlook: Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Restaurant Brands (QSR) Q1 Earnings Report Preview: What To Look For [Yahoo! Finance]Yahoo! Finance
- Fact Check: Burger King did not announce plans to shut down [Reuters]Reuters
QSR
Earnings
- 2/13/24 - Beat
QSR
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- QSR's page on the SEC website