Livable wages mean more expensive burgers as California fast-food chains hike menu prices [Fortune]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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Source: Fortune
chains including Chipotle Chick-Fil-A, Pizza Hut and Jack in the Box warned customers to expect higher costs for that go-to burrito or slice. Those warnings are now materializing: prices for a burger, burrito, or fries at several big fast-food chains have jumped since the new minimum wage was signed into law in September, taking effect on April 1, according to a report by market research firm Datassential. Since September, the state's prices have risen 7%, leading the nation. This year, 22 states have raised their minimum wage , affecting nearly 10 million workers. The benefits of a higher minimum wage include helping low-income workers earn enough to live on as inflation drives the cost of living higher all over the country and closing gender, racial and ethnic wage gaps, because people of color are overrepresented among those earning the minimum or less. But better pay is also part of a problem, since businesses need to front higher labor costs on top of rising food prices —and
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News
- Harri Announces Product Innovation Designed to Propel the Frontline Employee Experience and Restaurant Profitability [Yahoo! Finance]Yahoo! Finance
- Fast food is expensive in California, but these states are pricier [Yahoo! Finance]Yahoo! Finance
- Engaged Capital's Q1 moves: adds Envestnet, trims Shake Shack, others [Seeking Alpha]Seeking Alpha
- After 27 years, burger chain closes Kansas City area spot. The last one will close soon [Yahoo! Finance]Yahoo! Finance
- Shake Shack Inc. (NYSE: SHAK) had its price target raised by analysts at JPMorgan Chase & Co. from $100.00 to $102.00. They now have an "underweight" rating on the stock.MarketBeat
SHAK
Earnings
- 5/2/24 - Beat
SHAK
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- SHAK's page on the SEC website