Fast food like Shake Shack hamburgers, Wingstop chicken wings and Chipotle burritos has increased in price this past year.
At a Chipotle in Costa Mesa, California, the price of a chicken burrito — nothing fancy, hold the guacamole — about a year ago was $7.25. These days, that same burrito costs around $7.95, according to price data collected by analysts. In Ann Arbor, Michigan, a ShackBurger at Shake Shack used to cost $5.69; now it’s $6.09. And in Oklahoma City, an order of 50 bone-in wings from Wingstop that cost $41.99 early last year is now $47.49, a 13% increase.
Menu prices are likely to continue to climb this year. Many restaurants say they are still paying higher wages to attract employees and expect food prices to rise. And next month, when Chipotle reports results for 2021, analysts expect revenues to top $7.5 billion, a 34% jump from 2019. Net income is expected to almost double from pre-pandemic levels. In the third quarter, the company repurchased nearly $100 million of its stock. Chipotle declined to make an executive available for an interview, citing the quiet period before its earnings release.
A .70 cents increase. A .40 cents increase. How did you manage to convince yourself, writer of this article, that these were price spikes? Did you have to hit your head repeatedly before you wrote the article?
No. The 'pandemic' didn't lead to 'price spikes'. The overreaching Gov response did though.
If we didn’t know any better, we could even say these big companies might have sponsored this Covid thing to have an excuse to extort us of more money we don’t have!
“said Marsh, who trades stock options at his home in Hinsdale, Illinois. “Now it was more than $9.” He walked out. Hinsdale Illinois, stock trader… man, must be tough paying that extra $1!!!!!!!!
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