Instead of raising prices, California fast food restaurants should do this, franchisee says [Yahoo! Finance]
Starbucks Corporation (SBUX)
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Source: Yahoo! Finance
According to recent data from market research firm Datassential, fast-food and fast-casual restaurants in the Golden State have raised menu prices by 10% overall, based on an analysis of 70 large restaurant chains and thousands of individual restaurants. Chick-fil-A raised prices by 10.6% between Feb. 15 and April 15, another analysis found, while Starbucks has raised them by 7.8%, Shake Shack by 7.7%, Chipotle by 6.9% and Taco Bell by 4.1%. California's fast food minimum wage increase: Who gets raises and who doesn't? Subway, once famous for its “$5 Footlong” sandwich promotion, has also raised menu prices by as much as 10%, a franchisee told the New York Post Photos of the menu at a Los Angeles Subway location showed 6-inch sandwiches starting at $7 and 12-inch sandwiches starting at $10.69. Subway did not respond to KTLA's request for comment. California lawmakers passed Assembly Bill 1228 , and Gov. Gavin Newsom signed the legislation into law last year. Proponents ar
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SBUX
Earnings
- 4/30/24 - Miss
SBUX
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/24/24 - Form 4
- SBUX's page on the SEC website